FTSE 250 movers: Tullow and Weir limit losses
28th Apr 2016 14:50
(ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day. Stocks going ex-divi on the day included Cobham, Elementis, Tullett Prebon and William Hill. Cobham was a
Read moreVictrex resolves issues with Federal Trade Commission
28th Apr 2016 08:16
(ShareCast News) - High-performance polymer producer Victrex announced on Thursday that it had entered into a consent decree with the US Federal Trade Commission, concerning an inquiry by the commission into the sale and marketing of implantable grade PEEK polymer in the US by its subsidiaries Invib
Read moreTuesday broker round-up
26th Apr 2016 13:09
(ShareCast News) - Premier Foods: Jefferies upgrades to buy with a 60p target. Aberdeen Asset Management: Citigroup downgrades to sell with a 265p target. Smiths Group: Jefferies keeps at buy with a target price of 1100p and Credit Suisse reiterates outperform with a target of 1275p. Close Brother
Read moreThursday broker round-up
21st Apr 2016 12:16
(ShareCast News) - Petrofac: Jefferies downgrades to hold with a 855p target. ARM Holdings: Goldman Sachs stays at buy with a 1400p target, Citigroup keeps at neutral with a target price of 1045p and Exane BNP Paribas reiterates outperform with a target of 1300p. Zoopla: Barclays downgrades to equa
Read moreBroker tips: Zoopla, Victrex, Sky
21st Apr 2016 11:46
(ShareCast News) - Barclays downgraded Zoopla to 'equalweight' from 'overweight' but lifted the price target to 295p from 270p, saying the valuation on the core property services business is up with events. The bank said it still sees an attractive long-term story, but another near-term share price
Read moreBerenberg downgrades Victrex to 'hold'
21st Apr 2016 10:16
(ShareCast News) - Berenberg downgraded Victrex to 'hold' from 'buy' and cut the price target to 1,620 from 1,800 citing a lack of earnings catalysts from consumer electronics capacity. In addition, the bank pointed to the introduction of new PEEK (polyether etherketone) capacity by Solvay. It noted
Read moreVictrex expects improvement in second half
7th Apr 2016 07:12
(ShareCast News) - Victrex, which specialises in high performance polymer solutions, reported a drop in first half revenue but said it remains on track for an expected improvement in the second half of the year. The FTSE 250 company said the re-phasing of volumes in the consumer electronics business
Read moreMonday broker round-up
15th Feb 2016 18:27
(ShareCast News) - Hargreaves Lansdown: Shore Capital upgrades to buy. Antofagasta: Peel Hunt Limited downgrades to hold with a target price of 425p. Atkins: Citigroup upgrades to neutral with a target of 1160p, from 1120p. Hays: HSBC upgrades to buy with a 155p target. IAG: Bank of America upgra
Read moreVictrex remains confident despite tough trading in first quarter
10th Feb 2016 09:34
(ShareCast News) - Tough trading conditions were proving a challenge for Victrex in its first quarter, although the company said in a trading statement that it remained confident in its longer term prospects. The FTSE 250 high performance polymer company released the statement ahead of its Annual Ge
Read moreFriday broker round-up
5th Feb 2016 15:07
(ShareCast News) - Enterprise Inns: Barclays downgrades to underweight with a target of 80p. Thomas Cook: HSBC reiterates hold with a target price of 100p and JP Morgan keeps at overweight with a 170p target. Victrex: Deutsche Bank keeps at hold, 2000p target, UBS maintains neutral with a target
Read moreFTSE 250 movers: Stagecoach drives the market down as Paris attacks hit demand
9th Dec 2015 13:37
(ShareCast News) - The FTSE 250 continued to slump on Tuesday, with the second tier market down 45.21 points (0.26%) to 17,146.69 by mid-afternoon Wednesday. Transport operator Stagecoach was the biggest faller after it revealed the Paris terror attacks in November has discouraged people from trave
Read moreWednesday newspaper tips: Hold on to Victrex for special dividends
9th Dec 2015 11:50
(ShareCast News) - Victrex's plan to return cash to shareholders is prompting The Telegraph's Questor to advise traders to hold on to the shares. The FTSE 250 polymer and bio-materials solutions company announced its preliminary results for the year to 30 September on Tuesday. Revenue rose from £
Read moreVictrex posts steady growth, tempts investors with special dividend promise
8th Dec 2015 07:38
(ShareCast News) - Victrex has seen steady growth for the year with a 4% rise in revenue, as it tempts investors in with by promising special dividends. However, there was no repeat of last year's extraordinary payout, with management stating that the lagged impact of the oil price fall on oil and g
Read moreVictrex says it saw 'good finish' to 2015
8th Oct 2015 08:07
(ShareCast News) - Victrex said it enjoyed a good finish to 2015, with overall performance in line with its expectations, including a robust fourth quarter. In a full-year pre-close trading update for the financial year ended 30 September 2015, the specialty chemicals company said for the year as a
Read moreLondon close: Stocks buoyed by Glencore and Sainsbury's
30th Sep 2015 16:14
(ShareCast News) - The FTSE rose on Wednesday as a batch of negative economic data was offset by gains in supermarket stocks and a rebound in Glencore. Glencore dominated the FTSE 100 after saying it has taken proactive steps to position the mining company to withstand current market conditions incl
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