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Friday tips round-up: Renishaw, John Laing

Friday tips round-up: Renishaw, John Laing

Fri, 30 January 2015

Renishaw caught the proverbial falling Apple in its first half. The precision machinery-maker saw its pre-tax profits more than double over those six months to £56.6m as orders from cell-phone makers ... [more]

Vedanta Resources reports drop in Q3 earnings amid weak commodity prices

Vedanta Resources reports drop in Q3 earnings amid weak commodity prices

Fri, 30 January 2015

Vedanta Resources said it was reviewing its operating and capital spending plans as it reported an 11% fall in third quarter core earnings. The miner said earnings before interest, tax, depreciation a... [more]

Morgan Advanced Materials reveals new CEO Paul Raby

Morgan Advanced Materials reveals new CEO Paul Raby

Fri, 30 January 2015

Morgan Advanced Materials (MGAM) has appointed a new chief executive officer (CEO), Pete Raby. After a nine-year career at Cobham where he worked as president of its communications and connectivity, R... [more]

BT reveals plans to pay down £7bn pension deficit, upgrade fibre network

BT reveals plans to pay down £7bn pension deficit, upgrade fibre network

Fri, 30 January 2015

Telecoms giant BT reported a solid rise in profits in its third quarter, as it announced a new 16-year "recovery plan" to pay down its expanding pension deficit. The company also revealed that it woul... [more]

Qatar Airways acquires 9.99% stake in IAG

Qatar Airways acquires 9.99% stake in IAG

Fri, 30 January 2015

Qatar Airways has acquired a 9.99% stake in International Airlines Group (IAG), according to statement released on Friday. Both Qatar Airways and IAG are members of the oneworld alliance and already h... [more]

Amazon shares rise 5% after earnings top forecasts

Thu, 29 January 2015

Amazon shares rose 5% late on Thursday, after earnings topped forecasts. The online retailer giant reported earnings of 45 cents a share, jumping past expectations of 17 cents, but revenue of $29.33 b... [more]

Google shares fall after earnings and revenue miss target

Thu, 29 January 2015

Google shares fell over 2.5% after the bell on Thursday after earnings and revenue missed target. The amount the firm received per ad click decreased even as the number of clicks increased, with click... [more]

Friday preview: Eurozone consumer price data in focus

Thu, 29 January 2015

The Eurozone is expected to have entered further into deflation in January, adding pressure on the European Central Bank (ECB) after it launched a major quantitative easing (QE) package. Eurostat figu... [more]

National Express announces new buy-back programme and finance director

Thu, 29 January 2015

National Express has started a share buy-back programme to reduce its issued share capital. The programme will be managed by an unnamed independent third party and will run until March. The transport ... [more]

Paypoint on track to meet FY expectations after increase in transaction volumes and revenue edge higher

Thu, 29 January 2015

Consumer payment system providers Paypoint said it expects to meet market expectations for the year in the wake of an increase in transaction volumes and revenue. The FTSE 250 group said overall trans... [more]

Euromoney quarterly revenue falls as commodity weakness weighs

Thu, 29 January 2015

Weak commodity prices and pressure on the investment banking business saw first quarter revenue decline at business media group Euromoney Institutional Investor. The company, which publishes over 70 t... [more]

Great Portland Estates rental and capital values continue growth in run up the general election

Thu, 29 January 2015

Great Portland Estates continued along its trajectory of strong organic growth in both rental and capital values in the third quarter of its financial year. The company's portfolio value swelled b... [more]

Sky reaches agreement with Telefonica UK to launch mobile service

Thu, 29 January 2015

Telecom giant Sky has reached a multi-year deal with mobile operator Telefonica UK, better known in the UK as O2, to add mobile voice and data services to its portfolio. Under the agreement, Sky will ... [more]

De La Rue CFO to step down, as firm maintains guidance

Thu, 29 January 2015

Colin Child, the finance director of banknote printing firm De La Rue, has announced he will step down from his role. Child said he would resign from his current position at the group's annual general... [more]

Lonmin to cut spending and maintain production target in 2015

Thu, 29 January 2015

Platinum producer Lonmin said it will cut spending in 2015, as it aims to fight low metal prices, but promised to maintain its annual production target. The South Africa-focused group, the world's thi... [more]

Shares in Asos decline after chief executive sells stake worth £20m

Thu, 29 January 2015

Shares in online fashion retailer Asos declined on Thursday after chief executive Nick Robertson sold £20.2m worth of shares, reportedly in order to pay a "big tax bill". Robertson sold 744,600 shares... [more]

Cranswick brings home the bacon with Christmas trading

Thu, 29 January 2015

Pork processor Cranswick's third-quarter trading statement revealed an improvement on last year's sales, attributed to sales growth from fresh pork. Underlying sales volumes were up 2% in the three ... [more]

Fitbug leaps as Kiqplan joins Jawbone marketplace

Thu, 29 January 2015

Shares in AIM-listed Fitbug soared on news its 'Slim + Trim Kiqplan' digital weight-loss programme had been chosen for the launch of a new marketplace launched by Jawbone, the rising star of wearable ... [more]

RPC Q3 adjusted operating profit "significantly ahead" than last year

Thu, 29 January 2015

Packaging firm RPC Group said its adjusted operating profits for the third quarter were "significantly ahead" of the corresponding period the year before. The FTSE 250 group attributed the improvement... [more]

Renishaw H1 profits soar 121% thanks to metrology division

Thu, 29 January 2015

British engineering company Renishaw saw its half-year profits more than double following an increase in machine tool orders from Far East customers in its industrial metrology division. Revenues duri... [more]

Polymetal grows production but weak commodity prices hit FY revenue

Thu, 29 January 2015

Russian precious metals miner Polymetal said its fourth-quarter and annual output and sales rose, but weaker commodity prices dampened full-year revenue. In the three months to 31 December 2014, the m... [more]

Kaz Minerals full-year output in line with guidance

Thu, 29 January 2015

Copper miner Kaz Minerals said it has met its annual production target, having produced 83,500 tonnes in 2014. Output was in line with guidance of 80,000 to 85,000 tonnes with its new gold and copper ... [more]

Soco International slashes 2015 expenditure budget, shares drop

Thu, 29 January 2015

Oil firm Soco International revealed on Thursday that it has slashed its investment budget by more than 60% from 2014 to 2015 and will be re-assessing its asset portfolio. The company's expenditure bu... [more]

Rank Group turns losses into profits during second-half

Thu, 29 January 2015

Gambling and leisure business Rank Group saw its profits before tax rise during the second half of the year ended in December. The group's results were helped by increasing revenues in its Grosvenor C... [more]

Ocado unveils plans to open fourth distribution centre

Thu, 29 January 2015

Online supermarket Ocado has agreed a deal to set up a fourth major distribution centre, as it aims to satisfy increasing demand for online grocery shopping. On Thursday, the group said that it had cl... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Fresnillo 899.00 4.23 12:07
Weir Group 1,688.00 2.55 12:07
Randgold Resources Ltd. 5,550.00 2.40 12:05
Tullow Oil 359.10 2.34 12:07
Anglo American 1,119.50 2.00 12:07

FTSE 100 Top Fallers

Name Last Chg.% Time
Severn Trent 2,143.00 -2.55 12:06
Bunzl 1,888.00 -2.43 12:04
Sainsbury (J) 257.80 -2.27 12:07
BT Group 420.00 -2.12 12:07
Morrison (Wm) Supermarkets 181.40 -1.89 12:06