London 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
Read moreVictrex rallies as Liberum initiates stock at 'buy' following selloff
30th Sep 2015 10:48
(ShareCast News) - Shares in polymer solutions company Victrex rallied after Liberum initiated coverage of the stock at 'buy' with a 2,200p price target. "We believe it is a great time to buy following a selloff in the shares year-to-date and the completion of a major investment programme that heral
Read moreVictrex announces $6m acquisition as it reports flat third-quarter revenue
21st Jul 2015 08:29
(ShareCast News) - Victrex said on Tuesday that it saw solid trading against tough comparatives during the third quarter and announced the acquisition of US polymer gears manufacturer Kleiss Gears Inc for a cash consideration of around $6m. The company, which is engaged in providing polymer solution
Read moreFTSE 250 movers: Aveva higher on bid speculation, Tullet Prebon hit by downgrade
15th Jun 2015 13:30
Mid-caps were firmly in the red on Monday afternoon, with every sector registering losses, as debt talks between Greece and its creditors came to an abrupt finish. As of 14:30, the FTSE 250 was trading 1.18% lower at 17,738. Aveva was trading higher on reports the software developer has hired banke
Read moreVictrex first half pretax profit jumps 10%
19th May 2015 09:52
Victrex posted a 10% rise in pretax profit to £53.9m for the first half of this year, on revenue of £130.3m, up from £120m in 2014, as a strong performance in its polymer solutions offset lower sales to its oil and gas customers. The company, which specialises in high performance polymer products, r
Read moreLondon close: Chinese stimulus lifts stocks despite ongoing Greek uncertainty
20th Apr 2015 16:35
Stocks rebounded on Monday after as measures by policymakers in China to boost bank lending helped to repair sentiment after recent losses, despite ongoing uncertainty in Greece. London's FTSE 100 finished the session 0.82% higher at 7,052.13, with mining stocks leading the rise on increased hopes f
Read moreFTSE 250 movers: Petrofac hit by gas plant losses, Victrex lifted by upgrade
20th Apr 2015 13:51
Oilfield services outfit Petrofac dropped after saying it expects to recognise a further loss of $195m in 2015 for the Laggan-Tormore gas plant project on Shetland. The company, which had already recognised a $230m loss on the project in 2014, told investors earlier this year that it did not foresee
Read moreLondon midday: Chinese stimulus boosts miners, IHG gains
20th Apr 2015 11:26
Stimulus measures to spur bank lending in China gave UK stock markets a boost on Monday morning, with mining shares leading the charge after a sell-off the previous session. London's FTSE 100 was up 0.7% at 7,041.74 by midday, pulling back after hitting a high of 7,067.84 early on. The index droppe
Read moreLondon open: Mining stocks lift FTSE on PBoC stimulus
20th Apr 2015 09:07
UK stocks rose strongly on Monday morning as markets rebounded after a heavy sell-off the previous session, as sentiment recovered over the weekend following stimulus measures in China. "The markets were buoyed this morning by the news that China's central bank has taken fresh, if tentative, steps i
Read moreVictrex rides consumer electronics boom as plastics demand grows
9th Apr 2015 07:56
Plastics group Victrex said first-half revenue was up strongly ahead of the prior year thanks to a strong consumer electronics showing despite slightly lower sales in its medical business. Some adverse currency impact seen during the first half is expected to continue into the second, but management
Read moreLondon pre-open: UK stocks set for higher open on split FOMC
9th Apr 2015 07:53
UK stocks are headed for a higher start on Thursday as investors this side of the Atlantic react to the minutes of the latest Federal Reserve meeting, which showed that policymakers were divided on the right time to hike rates. City sources predict the FTSE 100 will open 28 points higher than Wednes
Read moreFTSE 250 movers:Premier Farnell plummets on weak outlook, Rexam up on M&A interest
5th Feb 2015 14:57
Electronics group Premier Farnell sank after warning that its full-year operating profit for 2015 would be lower than in the previous 12 months. The company cited discounting of the credit-card sized computer Raspberry Pi and strategic initiatives as the main factors weighing on its gross margins, w
Read moreVictrex delivers record first quarter volumes
4th Feb 2015 08:32
A continuation of strong consumer electronics demand helped plastics specialist Victrex deliver strong volume growth in the first quarter, though revenue was slightly weaker in its medical business. Ahead of its annual general meeting on Wednesday, the FTSE 250 comany expanded revenues 14% to £59.8m
Read moreMonday broker round-up
15th Dec 2014 09:29
Ashtead Group: Berenberg raises target price from 1170p to 1345p and keeps its 'buy' recommendation. Aviva: Citi increases target price from 590p to 620p and maintains a 'buy' recommendation. Bellway: Deutsche Bank ups target price from 1760p to 1778p and reiterates its 'hold' recommendation. Berk
Read moreLondon midday: UK stocks at one-month low on global concerns, Tesco plummets
9th Dec 2014 11:40
UK stocks were on track to settle at their lowest level in a month on Tuesday as a recent sell-off in oil hit energy shares and a profit warning from Tesco hammered retailers. Crude was trading at a fresh five-year low on the back of concerns about oversupply and slowing global growth. Political unc
Read more