FTSE 250 movers: Weir leads the way
9th Mar 2010 11:38
Weir is the top riser in the FTSE 100. The weakness of sterling helped the engineering group Weir grow revenues in 2009 and post a record operating profit. Revenue in 2009 grew 3% to £1,390m from £1,354m in 2008, but was down in 7% in constant currency (CC) terms. The car dealer Inchcape is motorin
Read moreLondon open: Quiet opening for Footsie
9th Mar 2010 08:37
London has opened quietly with buyers content to watch the stream of results from FTSE 350 stalwarts. Shopping centre owner Liberty International is to split into two separate listed businesses, Capital Shopping Centres and Capital & Counties through a demerger. Satellite communications service pr
Read moreAftermarket sales bolster Weir
9th Mar 2010 07:53
The weakness of sterling helped engineering group Weir grow revenues in 2009 and post a record operating profit. Revenue in 2009 grew 3% to £1,390m from £1,354m in 2008, but was down in 7% in constant currency (CC) terms. Order input in CC terms was 18% lower at £1,302m on a like for like basis. O
Read moreWednesday tips round-up: Tesco, Balfour Beatty, Dechra
13th Jan 2010 06:36
Tesco is leagues ahead of its UK competition in terms of global reach, scale and ambition. In fact, it is the only UK supermarket with any overseas operations at all, and one of just a few British retailers with international stores. The stock trades on a 2011 price earnings ratio of 13.2 times.
Read moreWeir gets late boost but still cautious
12th Jan 2010 08:06
Engineer Weir now expects underlying profits for 2009 to come in higher than market forecasts at around £185m after a good performance in the final quarter, but it remains very cautious over the outlook for 2010. "While the group enters 2010 in a strong position, with some positive emerging trends
Read moreFTSE 250 movers: Debenhams climbs before update
11th Jan 2010 15:25
Department store Debenhams is a top riser ahead of tomorrow's interim management statement, but engineer Weir, which also updates tomorrow, is the heaviest faller. With oil at a 15-month high, shares in Lamprell, the provider of specialist engineering services to oil and gas firms, are higher. FT
Read moreJon Stanton named Weir's new FD
11th Jan 2010 08:01
Engineering group Weir announced the appointment of Jon Stanton as its new finance director. Stanton, who joins from Ernst & Young where he has worked since 1988, will join in the Spring following completion of existing client commitments. 'I am delighted to welcome Jon to the board where his fi
Read moreLondon close: Footsie down but above 5,000
3rd Nov 2009 16:24
London's blue chips ended off session lows and back above the 5,000 level, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remained resolutely out of favour, however, as the market reacted negatively to the revised terms of its part
Read moreLondon afternoon: Market licking its wounds
3rd Nov 2009 14:11
The FTSE 100 index clawed its way back above the 5,000 level over the lunch-time session, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remains resolutely out of favour, however, as the market reacted negatively to the revised ter
Read moreLondon midday: Retreat turns into a rout
3rd Nov 2009 12:08
The list of FTSE 100 constituents is bereft of risers, as stocks move swiftly into reverse while the market digests developments relating to the part-nationalised UK banks. The government is injecting another £25.5bn into Royal Bank of Scotland (RBS), with a further £8bn available if things get wo
Read moreWeir sees profit at upper end of forecasts
3rd Nov 2009 07:51
Engineering group Weir said it expects fourth quarter profit to come in at the upper end of market expectations after a strong third quarter performance. The group, which supplies engineering services to the mining and oil & gas industries, said cost cuts and the weaker pound helped trading in the
Read moreBroker tips: Burberry, Weir Group, Aggreko
15th Oct 2009 12:00
Luxury fashion group Burberry has enjoyed an excellent run since joining the ranks of the FTSE 100 and its good fortune continues today after JP Morgan raised its target price on the group. After yesterday's well-received trading update, in which Burberry reported a better-than-expected 5% rise in
Read moreBroker snap: Mining revival a boon for Weir Group
15th Oct 2009 11:38
Broker Panmure Gordon has been casting its eye over some positive developments in the global mining sector and concludes that Weir Group, which supplies engineering services to the mining and oil & gas industries, ought to be one of the beneficiaries. Among the positive signs have been yesterday's
Read moreThursday tips round-up: Weir, Hilton Food, De La Rue
17th Sep 2009 06:11
Capital expenditure by miners shows signs of picking up, leaving Weir's onshore US gas activities as its biggest weakness. But at 678p, down 20p, or 15 times next year's earnings, this is no time to sell out. A solid hold, according to the Times. Hilton Food's shares are trading on a December 2009
Read moreLondon close: Footsie nears 52-week high
16th Sep 2009 17:03
London raced ahead today, with the FTSE 100 crashing through the 5100 barrier near to a 12-month high, though it stopped short of racking up a triple-digit rise. Mining stocks were responsible for a large proportion of the index's rise as metals prices headed north following comments from Federal
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