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Clarke T. Share News (CTO)



Share News for Clarke T. (CTO)


Share Price: 53.50Bid: 53.50Ask: 55.00Change: 0.00 (0.00%)No Movement on Clarke T.
Spread: 1.50Spread as %: 2.80%Open: 53.50High: 54.25Low: 54.25Yesterday’s Close: 53.50




Glance-STOCKS NEWS EUROPE-T Clarke up as profits exceed view

Wed, 19th Nov 2008 12:41

STOCKS NEWS Reuters Results diary

Europe Real-time Equ
ity News



12:24GMT 19Nov2008-T Clarke up as profits exceed view

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Shares in electrical engineering and contracting company T Clarke Plc rise 9.1 percent to 120 pence after it says profits for 2008 will exceed

market expectations, although it remains cautious about prospects for 2009.

Stockbrokers Panmure Gordon says improved trading from the group's regional

operations were a positive factor, while the group still has some 26 million

pounds of net cash. It looks for pretax profits of 10.5 million pounds for 2008,

while for the following year it is forecasting 11.2 million.

'With a strong balance sheet, on-going tendering opportunities and an

attractive dividend yield of 11.8 percent we continue to rate the shares as a

buy,' the broker adds.

For more click; company statement

malcolm.locke@thomsonreuters.com; +44 207 542 0964



12:10GMT 19Nov2008-Bovis Homes down; Singer cuts forecasts

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Shares in Bovis Homes Group fall 3.5 percent as Singer repeats its

'sell' rating, cuts its target price to 280 pence from 351 pence and downgrades

its 2008 forecasts, reflecting the repressive economic conditions.

Good news has been in short supply for housbuilders. On Tuesday Heywood

Williamsissued a profit warning, while earlier in the month Galliford

Try announced it would make a 500 million pounds writedown on its

housebuildong operations.

Singer cuts Bovis Homes 2008 estimated pretax profit and EPS forecasts by 8

million pounds and 33 percent respectively. For 2009, it cuts by 7 million

pounds and 52 percent respectively.

Singer analyst Kevin Cammack also highlights the company's financing issues

saying: '(Bovis) is currently engaged in discussions with its banks to

renegotiate facilities (due February 2010); discussions that inherently bear

risk.'

Reuters Messaging rm://david.brett.reuters.com@reuters.net



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Related Shares: Clarke(t.) (CTO) 





STOCKS NEWS EUROPE-UK small caps close 0.8 percent higher

The FTSE Small Cap index closes 0.8 percent higher, outstripping the midcaps, up 0.2 percent, and the blue chips, up 0.5 percent.Xenetic Biosciences l
[10 May '13]

STOCKS NEWS EUROPE-UK small caps rise 0.2 percent

The FTSE Small Cap index advances 0.2 percent, while the midcaps climb 0.1 percent, and the blue chips are 0.4 percent higher.T Clarke firms 7.1 perce
[10 May '13]

RESEARCH ALERT-N+1 Brewin cuts T Clarke to hold

Aug 7 (Reuters) - T Clarke PLC: * N+1 Brewin cuts to hold from buy; price target to 50p from 60p For a summary of rating actions and
[7 Aug '12]

BRIEF-RESEARCH ALERT-Panmure raises Keller to hold

Oct 11 (Reuters) - Construction & Materials: * Panmure raises Keller to hold from sell * Panmure cuts Balfour Beatty price target to 3
[11 Oct '11]

BRIEF-RESEARCH ALERT-Panmure cuts clarke price target

Sept 21 (Reuters) - T Clarke PLC: * Panmure cuts Clarke plc price target to 50P from 85P For a summary of rating actions and price target c
[21 Sep '11]

Glance-Deals of the day -- mergers and acquisitions

Sept 13 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0930
[13 Sep '11]

BRIEF-T Clarke sells London office

LONDON, Sept 13 (Reuters) - T Clarke PLC: * Clarke(t.) plc - property disposal * Contracts have been exchanged for the sale of the pro
[13 Sep '11]

BRIEF-T Clarke profit slumps; cuts interim dividend

LONDON, Aug 26 (Reuters) - T Clarke PLC: * Profit before taxation £1.4M (30th June 2010: £3.2M) * Group revenue £92.6M (30th June 2010
[26 Aug '11]



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