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Aggreko powers ahead on Deutsche Bank upgrades

Thu, 15th Dec 2016 08:58

(ShareCast News) - Aggreko got a boost on Thursday as Deutsche Bank upped its stance on the temporary power provider to 'buy' from 'hold' and lifted the price target to 1,000p from 780p noting the company is approaching the end of four years of negative earnings momentum.The bank estimated that between 2012 and 2016, Aggreko's trading profit will have declined by almost 40%, mostly driven by the roll-off of certain one-off contracts, pricing pressure and a drag from oil and gas."While risks still remain for 2017E, mainly with the well flagged contract renewals in Argentina, we expect an inflection in earnings momentum in 2018E. We see upside with a return to earnings growth," DB said.It sees the company returning to earnings growth in 2018 thanks to improved oil and gas activity, the 1GW of order intake in Power Solutions year-to-date and a lower drag from contract re-pricing, resulting in some margin stability.Deutsche said its 2016 pre-tax profit forecast of £220m is in line with management's guidance of £225m and 2% ahead of Factset consensus of £123m.At 0905 GMT, the shares were up 2.8% to 901p.
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6 Mar 2019 08:35

Aggreko Holds 2018 Payout As Profit, Revenue Rise Ahead Of Guidance

LONDON (Alliance News) - Temporary power unit renter Aggreko PLC held its 2018 dividend steady on Wednesday after the positive momentum reported at the half year continued.In 2018, pretax a

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27 Feb 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 28 February British American TobaccoFull Year ResultsCRHFull Year Year Insurance

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13 Feb 2019 10:37

Serco Boss Rupert Soames Joins Board Of DS Smith As Non-Exec Director

LONDON (Alliance News) - Packaging firm DS Smith PLC on Wednesday announced the appointment of Serco Group PLC Chief Executive Rupert Soames as non-executive director.Soames has previously

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7 Feb 2019 14:52

Liontrust Investment Partners Acquires 5.2% Interest In Aggreko (ALLISS)

LONDON (Alliance News) - Aggreko PLC on Thursday said Liontrust Investment Partners LLP has picked up a 5.2% stake in the temporary power unit renter in a deal on Tuesday.Shares in Aggreko

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22 Jan 2019 13:35

Aggreko runs out of power after Peel Hunt downgrade

(Sharecast News) - Aggreko ran out of power on Tuesday after Peel Hunt downgraded its stance on the stock to 'reduce' from 'hold' and cut the price target to 700p from 800p as it argued that challenges remain "significant".

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22 Jan 2019 10:27

WINNERS & LOSERS SUMMARY: easyJet Climbs On First-Quarter Revenue Rise

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 4.5%. The low-cost airline reaffirmed for

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22 Jan 2019 09:02

LONDON MARKET OPEN: Stocks Lower After IMF Warning; BHP Drags Miners

LONDON (Alliance News) - Stock in London were lower in early trade Tuesday following a downbeat global economic outlook by the IMF on Monday, highlighting US-China trade tensions and the risk of a

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14 Dec 2018 07:24

Aggreko secures Tokyo Olympics contract

(Sharecast News) - Aggreko said on Friday that its subsidiary, Aggreko Events Services Japan Limited (AESJL), has been awarded the supply contract for temporary electricity generation by The Tokyo Organising Committee for the Olympic and Paralympic Games.

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6 Nov 2018 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 7 November Dairy CrestHalf Year ResultsITVQ3 ResultsMarks 8 9

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16 Oct 2018 10:50

WINNERS & LOSERS SUMMARY: Meggitt Up 5% After Raising Revenue Forecast

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - down 2.8%. The supermarket chain was lower the

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9 Oct 2018 12:18

Ashtead Group Appoints Serco CFO As Non-Executive Director

LONDON (Alliance News) - Industrial equipment rental firm Ashtead Group PLC said Tuesday it appointed Angus Cockburn as a non-executive director with immediate effect.Cockburn serves as of

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13 Sep 2018 13:19

Thursday broker round-up

(Sharecast News) - Grainger: Numis upgrades to buy with a target price of 369p.

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21 Aug 2018 16:56

LONDON MARKET CLOSE: Pound, BHP Keep FTSE From Joining European Peers

LONDON (Alliance News) - The FTSE 100 on Tuesday lagged its European counterparts, the foreign earner-heavy index weighed down by a weaker dollar as well as losses for miner BHP on the of its

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21 Aug 2018 13:18

Tuesday broker round-up

(Sharecast News) - Aggreko: HSBC upgrades to buy with a target price of 1,050p.

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21 Aug 2018 12:06

HSBC says Aggreko woes are cyclical as it upgrades to 'buy'

(Sharecast News) - Most of Aggreko's problems are cyclical rather than strategic, HSBC said as it upgraded the generator hire company to 'buy'.

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