Volex shares plunge after profit warning, Investec slashes target
18th Sep 2012 07:51
Electrical, digital and optical connections provider Volex said it expects revenue and profit for the year ending 31st March 2013 to fall short of previous company expectations after an unexpected change in demand from its largest customer in the consumer sector. "These lower growth expectations ar
Read moreFriday broker round-up
8th Jun 2012 08:11
AVEVA: Merchant Securities maintains buy rating and 1,850p target. Berendsen: HSBC upgrades to overweight, target cut from 575p to 550p. BP: Credit Suisse maintains outperform recommendation and 540p target. BT Group: Nomura cuts target from 295p to 285p, buy rating unchanged. International Cons
Read moreForum director exercises options over one million shares
29th May 2012 16:06
Walter Brown, a Non-Executive Director of UK based gas & oil Forum Energy, has exercised one million shares in the company at 31p each. The £310,000 transaction took place on March 25th, the same day the company unveiled the findings of a report which shows an improvement in the previously known r
Read moreTuesday broker round-up - UPDATE
29th May 2012 09:06
Brewin Dolphin: Peel Hunt maintains buy rating and 185p target. BTG: finnCap raises target from 326p to 331p, hold rating maintained. Euromoney Institutional Investor: Peel Hunt upgrades from hold to buy, target left at 800p. Greggs: Canaccord Genuity upgrades from hold to buy, target left at 520
Read moreVolex surges as revenues and margins climb
29th May 2012 09:02
Power cord maker Volex enjoyed a surge after reporting strong revenue growth and a boost in dividends. Total revenue for the 12 months to April 1st was $517.8m, 6% ahead of last year's figure of $490m. Revenue from consumer markets rose 9% to $0.33m from $0.30m the year before, largely as a result
Read moreSmall caps round-up: Ark Therapeutics, Volex, GoIndustry
2nd May 2012 09:24
Medical company Ark Therapeutics said a consortium led by University College London, in which the company was the sole industrial partner engaged in research, was to receive €6m from the EU. The grant would enable Ark's gene-therapy programme in foetal growth restriction to enter into clinical devel
Read moreFriday tips round-up: Aggreko, Weir, Volex
13th Apr 2012 06:58
The Times' Tempus column this morning looks at temporary power and temperature control solutions group Aggreko, saying that the 'power surge has no end in sight'. Tempus says that the exponential growth over the past five year has continued into the first quarter of 2012, with the group reporting ye
Read moreVolex sees full-year sales rise despite Q4 slip
12th Apr 2012 13:46
Electrical, digital and optical connections provider Volex has reported 'resilient' trading in the final quarter despite continuing economic uncertainty. Consumer revenue was in line with the previous year, while year-on-year revenue growth in the Healthcare sector was over 20%. Telecoms/Datacoms
Read moreThursday broker round-up
12th Apr 2012 09:30
African Minerals: Jefferies keeps buy rating and 1,100p target. Aggreko: Investec maintains buy rating. Cairn Energy: Nomura cuts target from 500p to 434p, buy rating kept. Faroe Petroleum: Nomura cuts target from 213p to 209p, buy rating kept. FirstGroup: Jefferies downgrades from buy to hold,
Read moreVolex shares down on Q3 growth slowdown
13th Jan 2012 11:44
Shares in Volex dipped on news the electrical, digital and optical connections firm saw a slowdown in growth in the third quarter of the year ended April 1st 2012. Revenue in the quarter was adversely impacted by reduced spend by telecoms operators in response to increased economic uncertainty, the
Read moreFriday broker round-up - UPDATE
13th Jan 2012 11:19
Vodafone: Nomura upgrades to buy. Bunzl: UBS cuts to neutral from buy. RSA Insurance: Citi cuts to neutral from buy. BT Group: Nomura upgrades to buy from reduce. RBS: Seymour Price upgrades to buy from reduce. BG Group: JP Morgan raises price target to 1,900p from 1,455p. Tesco: Credit Suiss
Read moreUPDATE: Tuesday broker round-up
18th Oct 2011 09:21
BP: UBS raises target from 450p to 480p, keeps buy rating. Whitbread: Peel Hunt keeps buy stance and 2,096p target. Whitbread: Evolution Securities confirms buy recommendation and 1,750p target. F&C Asset Management: Singer Capital Markets cuts target from 70p to 65p, fair value rating kept. Be
Read moreSector movers: Tech sector dragged lower by ARM
26th Jul 2011 15:47
The technology hardware and equipment sector was among the worst performing sectors, dragged lower by chip designer ARM Holdings. Shares of ARM fell lower despite its second quarter earnings per share (EPS) coming in well ahead of expectations, as demand for the company's technology continues to gr
Read moreBuoyant trading at Volex
25th Jul 2011 07:51
Electrical, digital and optical connections provider Volex said trading in the first quarter of its financial year 2012 continued to be buoyant with revenue well ahead of the same period last year. For the three months to 3 July 2011 revenue rose 10% to £77.0m at constant currency and 2% on report
Read moreVolex's profits leap 89%
1st Jun 2011 16:13
Shares in Volex fell lower on Wednesday despite the group revealing a surge in full-year profits and the resumption of its dividend. Following its restructuring in 2010, the electrical and optical interconnect solutions provider reported an 89% jump in pre-tax profit to £13.1m for the year ended 3
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