Vesuvius trading in line, but markets remain mixed
15th May 2014 10:09
Molten metal flow engineering group Vesuvius said that first-quarter trading was in line with expectations but conditions in many regions remain challenging. The company said it has seen "encouraging signs of increased activity in some markets", particularly in Europe, but trading remains mixed els
Read moreInvestec ups Vesuvius to a 'buy' from 'hold'
10th Mar 2014 12:08
Following the recent underperformance by shares of Vesuvius, analysts at Investec have decided to move to a 'buy' recommendation on the stock. In their opinion, self-help measures including efficiency improvements and mix enhancement constitute a de-risking of the investment case. Together with it
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreWednesday tips round-up: Tullett Prebon, Vesuvius
5th Mar 2014 07:20
Despite cutting costs, margins at inter-dealer broker (IDB) Tullett Prebon fell last year. That came as revenues dropped by six per cent which together with the above pressured operating profits eight per cent lower. The main drivers of those trends were the increased focus by some banks on cutting
Read moreVesuvius overcomes market challenges to deliver annual profit
4th Mar 2014 10:51
Vesuvius, a company focused on molten metal flow engineering, cheered investors after reporting an increase in trading profit despite challenging market conditions and an 'unfavourable' economic environment. The company, which is listed on the FTSE 250, delivered a 6.6% increase in reported tradin
Read moreLondon close: Stocks end week on a high
21st Feb 2014 16:20
- FTSE closes up 25 points - Retail sales come in below expectations - US home sales fall 5.1 per cent in January techMARK 2,891.86 +0.55% FTSE 100 6,838.06 +0.37% FTSE 250 16,460.88 +0.56% It was a strong finish for the FTSE today, despite retail sales showing a sharp drop for January. The FTS
Read moreFTSE 250 movers: IP Group jumps on IPO of portfolio group Xeros
21st Feb 2014 13:57
Intellectual property company IP Group soared after announcing plans to float its portfolio company Xeros on the AIM market. Around a third of washing machine firm Xeros will be put up for sale, which is expected to raise between £30-40m. IP believes it will allow Xeros to "accelerate the roll-out
Read moreFriday broker round-up UPDATE
21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreLondon pre-open: FTSE to open marginally lower
25th Oct 2013 07:40
City sources predict the FTSE 100 will open around nine points lower than yesterday's close of 6,713.18, as investors pause ahead of today's report on UK gross domestic product (GDP). GDP is pegged to rise to 1.5% from 1.3% the previous quarter, consensus showed. The report comes after the Bank of
Read moreVesuvius reports in-line third-quarter trading
25th Oct 2013 07:02
- Improved margins in third quarter - Trading in line with expectations - Tight cost control Engineered ceramics company Vesuvius said margins in the third quarter have improved since streamlining its portfolio to focus on higher-value product lines. In a trading update for the period from July 1
Read moreHutchison China MediPharma director takes stake in company
16th Oct 2013 16:19
Edith Shih, a Non-Executive Director and Company Secretary of Hutchison China MediPharma, acquired 20,000 shares in the firm, which is the holding company of a healthcare group based primarily in China and focused on researching, developing, manufacturing and selling pharmaceuticals and health orien
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
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