Low & Bonar makes specialist meshes and other coverings for use in civil engineering projects such as coastal defences, and also the artificial grass used in sports grounds. As such, it cannot expect to be immune to macro-economic trends. But, for now, overall demand is "robust" and the group is confident of delivering another year of "substantial" progress. The shares now sell on about eight times' earnings, which at least merits a hold, says the Times. [18 Oct '11]
Stocks came firmly off their earlier highs, with worries over the French banking system continuing to cause jitters, but a strong performance from the mining sector helps to keep the FTSE 100 in the blue. [11 Aug '11]
"Electrocomponents, the electrical component distributor, has a clear strategy of expanding its product range, selling more of its products online and increasing its international footprint. (...) The company's international business now accounts for 70pc of sales - and it is showing sales growth of an impressive 25pc. Group eCommerce sales rose 37pc and now accounts for over half of revenues. The group also added a further 76,000 products to its range last year - and this will also help to boost growth. The shares are trading on a March 2011 earnings multiple of 14 times, falling to 12.5 in 2012. The shares are up 103pc since the initial tip on July 19 2009 at 140¼p, compared with a FTSE 100 up 35pc. The shares are still a buy", says Questor. [29 May '11]
Business travel is one of the first to be hit by any economic downturn, as less business means less travel. Hogg Robinson took immediate action when the crunch came, cutting its cost base by 20%. A final dividend of 1p makes a total up by a quarter to 1½p, well covered, giving a historic yield of about 2.5% and the board is offering a better return in due course. But the market's scepticism may not be allayed too soon; a weak hold, according to the Times. [26 May '11]
Innovation Group, which provides business process outsourcing and software to insurance, car and property industries has been selected by Tesco to assist with the supermarket giant's new online car sales service. [4 Apr '11]
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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