Merrill Lynch upgrades Spectris and Spirax, prefers Smiths Group
11th Jan 2017 11:40
(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators
Read moreVesuvius reports trading in line with expectations
27th Oct 2016 08:49
(ShareCast News) - Vesuvius on Thursday said its sales in the year to date remain in line with expectations as cost saving measures and foreign exchange benefits offset a weak steel market. The molten metal flow engineer said since its half year results in July end markets have remained "subdued" an
Read moreVesuvius revenue and earnings slide year-on-year
29th Jul 2016 07:48
(ShareCast News) - Vesuvius posted its half-year results for the six months to 30 June on Friday, with revenue, profit and return on sales in line with expectations. The FTSE 250 firm said the global steel and foundry markets were showing signs of stabilisation, albeit mixed and at weak levels. Its
Read moreVesuvius investors gather as headwinds continue
12th May 2016 11:23
(ShareCast News) - As investors gathered in London for the Vesuvius annual meeting on Thursday, the company did its best to assure them that it was still solid despite some serious market headwinds. The FTSE 250 firm said overall market conditions were still suffering from lower global steel product
Read moreTuesday broker round-up
12th Apr 2016 19:38
(ShareCast News) - Vesuvius: Jefferies downgrades to sell with a target price of 255p. Ashtead: HSBC downgrades to hold with a target price of 970p. Cairn Energy: Canaccord reiterates hold with a target price of 215p. Just Eat: JP Morgan keeps at outperform with a target of 775p. Vedanta: Jefferi
Read moreFTSE 250 movers: Iron ore prices push resources higher
12th Apr 2016 14:47
(ShareCast News) - The FTSE 250 remained in the black on Tuesday afternoon, as investors digested better-than-expected inflation data which reached its highest point in a year. Resources producers, including Evraz and Vedanta Resources, were on the up as iron ore prices surged towards $60 per tonne.
Read moreVesuvius slumps on Jefferies downgrade
12th Apr 2016 13:16
(ShareCast News) - Molten metal flow engineering company Vesuvius was under the cosh on Tuesday after Jefferies downgraded the stock to 'underperform' from 'hold' and cut the price target to 255p from 300p. It said the company's full year results highlighted a deteriorating macro environment, with e
Read moreFTSE 250 movers: Kaz and Vesuvius lead midcaps lower
7th Apr 2016 14:21
(ShareCast News) - By mid-afternoon on Thursday, the FTSE 250 was down 0.41%, amplifying the falls of its blue chip brother as weakening oil and copper prices undermined earlier index gains. The biggest faller in the mid cap index was Kaz Minerals as it was downgraded among a wider JP Morgan Cazenov
Read moreFriday broker round-up
4th Mar 2016 16:52
(ShareCast News) - Coca-Cola Hbc: HSBC upgrades to neutral with a target price of 1423p. Petrofac: Citigroup downgrades to neutral. Redefine International: JP Morgan upgrades to neutral with a target price of 50p. William Hill: UBS downgrades to sell with a target price of 365p. Euromoney Interna
Read moreVesuvius posts weaker earnings amid depressed metals markets
3rd Mar 2016 11:25
(ShareCast News) - A tough year for commodities markets had an effect on Vesuvius, with the company claiming strength as it reported weaker earnings for 2015 on Thursday. The FTSE 250 molten metal flow engineering firm saw revenue dip 8.5% during the calendar year, to £1.32bn, from £1.44bn. Trading
Read moreBroker tips: Vesuvius, Royal Dutch Shell, Weir
4th Nov 2015 16:57
(ShareCast News) - Broker Panmure Gordon warned that FTSE 250-listed Vesuvius is likely to be hit by the same industry pressures as German rival SGL Carbon, which issued a profit warning on Tuesday. SGL Carbon warned that, despite its cost-cutting efforts, it expects group profit to decline signific
Read moreVesuvius to be hit by falling graphite demand, says Panmure
4th Nov 2015 16:24
(ShareCast News) - Broker Panmure Gordon warned that FTSE 250-listed Vesuvius is likely to be hit by the same industry pressures as German rival SGL Carbon, which issued a profit warning on Tuesday. SGL Carbon warned that, despite its cost-cutting efforts, it expects group profit to decline signific
Read moreFTSE 250 movers: Dunelm rallies on strong sales; Hays tumbles on cautious outlook
8th Oct 2015 13:50
(ShareCast News) - London's FTSE 250 index was down 0.3% to 16,978.38 at 1430 BST, as investors digested news that the Bank of England has decided to stand pat on interest rates and the size of its asset purchase programme, as widely expected. Dunelm was on the front foot after the homeware retailer
Read moreBroker tips: Soco International, M&S, UK industrials
8th Oct 2015 13:44
(ShareCast News) - Soco International was under pressure on Thursday after UBS downgraded the stock to 'sell' from 'neutral', keeping the price target at 150p. It said that with the stock having rallied strongly over recent days it is now trading at 1.24x commercial net asset value and on an implied
Read moreInvestec reviews UK industrial stocks; upgrades IMI, downgrades Weir
8th Oct 2015 10:31
(ShareCast News) - Investec took a look at the UK industrials space, upgrading IMI to 'buy' from 'hold', while cutting Spectris to 'hold' from 'buy' and both Vesuvius and Weir to 'sell' from 'hold'. Investec said that for most companies, trading in September will have been weak, not terrible, just w
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