Victrex beats annual profit forecasts, announces £43m special dividend
9th Dec 2014 07:47
Plastics group Victrex beat forecasts with a 9% increase in annual profits as the company noted continued momentum across its markets and gave a positive outlook for next year. The company, focused on high-performance polymer solutions, also announced that it would be returning £43m to shareholders
Read moreTuesday preview: UK industrial production, US small business confidence, Victrex annual results
8th Dec 2014 16:12
UK industrial production may have risen 1.8% in October following a 1.5% increase a month earlier, according to analysts' forecasts ahead of the release of data on Tuesday. Analysts also predict a report will show manufacturing production climbed 3.2% in October after a 2.9% gain the previous month.
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreFriday broker round-up UPDATE
10th Oct 2014 09:42
British American Tobacco: Goldman Sachs reduces target price from 3530p to 3250p downgrading to sell. Brown (N) Group: UBS cuts target price from 490p to 445p leaving its buy recommendation unchanged. Diageo: Goldman Sachs reduces target price from 2030p to 1925p and keeps a neutral rating. Dixons
Read moreLondon pre-open: FTSE set for strong start after Fed meeting minutes
9th Oct 2014 07:46
The FTSE is in line for a strong start following a positive reaction in the US to the minutes of the latest Federal Reserve meeting. City sources predict the FTSE 100 will open around 63 points higher than yesterday's close of 6,482.24. The gains also come after Aluminum producer Alcoa unofficially
Read moreVictrex delivers strong second half as momentum continues
9th Oct 2014 07:02
Polymer products group Victrex said it made a "strong finish" in the 12 months to 30 September, with growth momentum continuing as it started the new financial year. The company, whose strategic markets comprise automotive, aerospace, energy, electronics and medical, said that full-year group sales
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreVictrex third-quarter sales volumes pick up
30th Jul 2014 11:54
Victrex said third-quarter sales volumes jumped 21% on the previous year, driven by a strong performance in the core Victrex Polymer Solutions (VPS) arm, growth in Speciality Products and new business in Consumer Electronics. The British-based producer of high performance polymers said year-to-date
Read moreMonday broker round-up UPDATE
21st Jul 2014 09:29
APR Energy: Liberum Capital reduces target price from 735p to 385p and stays with its sell recommendation. Avanti Communications Group: Jefferies reduces target price from 580p to 250p and downgrades to hold. Dialight: Canaccord Genuity raises target price from 1000p to 1100p and retains a buy rec
Read moreSector movers: Domino Printing sinks electricals, Croda weighs on chemicals
24th Jun 2014 13:40
Heavy falls from Domino Printing and Croda International sank the electrical and chemical sectors on Tuesday, as results from both companies disappointed the market. Shares in Domino Printing, which develops inkjet, laser and thermal printing products, were down nearly 19% this afternoon after the
Read moreCEO and CFO of Eland Oil & Gas show faith in company's future
4th Jun 2014 16:03
The Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of AIM-listed Eland Oil & Gas have purchased a total of 100,000 shares. The largest deal was made by CEO Leslie Blair, who bought 80,000 shares at 109.30p each for a total spend of £87,440. CFO George Maxwell spent a more modest
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreWednesday broker round-up UPDATE
21st May 2014 08:36
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged. Alliance Pharma: Numis lowers target price from 39p to 37p and maintains an add rating. APR Energy: JP Morgan shifts target price from 1082p to 1089p keeping its overweight rating. Astra
Read moreVictrex growth improves but margins falter
20th May 2014 09:39
- Revenue up 13 per cent - PBT up seven per cent - Gross margin down due to mix and FX Revenue and profit growth accelerated at plastics specialist Victrex, even though gross margin shrank marginally. The FTSE 250 group delivered broad-based growth across its markets, with a strong second quarter
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