Vesuvius 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
Read moreFTSE 250 movers: JD Sports surges on beefed up profit forecast, Moneysupermarket drops as Lewis sells shares
31st Jul 2015 15:12
(ShareCast News) - London's FTSE 250 index was up 0.6% at 17,618.23 at 14:51 BST, with online retailer JD Sports Fashion pacing the advance. Shares in JD Sports Fashion surged after the company said it expects its full-year profit to be 10% ahead of current market forecasts of around £110m, as tradi
Read moreVesuvius interim profit declines on lower output
31st Jul 2015 09:40
(ShareCast News) - Vesuvius reported a decline in interim pre-tax profit due to a decline in global steel output and inventory volumes, which dragged revenue lower in the first half. The molten metal flow engineering company said its pre-tax profit declined 6.1% year-on-year to £37.9m, while the dro
Read moreTuesday broker round-up
23rd Jun 2015 08:03
Acacia Mining: Morgan Stanley keeps at equalweight, raises target to 285p from 251p. BHP Billiton: Morgan Stanley stays at equalweight and lifts target to 1,250p from1,150p. Anglo American: Morgan Stanley reiterates underweight and lowers target to 850p from 920p. Antofagasta: Morgan Stanley still
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