Castings Share News (CGS)

Demand reduction lower than feared at Castings

A cautious update was released by Castings on Wednesday, in which it had seen anticipated reduction in demand in early 2014, although this was not as severe as originally expected. The iron castings and machining business said the short-term variable demand had continued to "cause certain inefficie

Sector movers: Weir leads industrial engineers higher

Industrial engineers were making decent gains on Monday with sector heavyweight Weir among the best performers on the back of upbeat comments from analysts. The oil and gas engineer was up 4.2% at 2,227p in afternoon trade with a 'buy' rating from Redburn helping sentiment. "Weir's valuation compa

Castings Profit Lifted By Demand Surge, But Outlook Uncertain

Buoyant car industry boosts Castings

Strong demand from UK and international car makers is keeping business buoyant at British engineering group Castings. Castings, which supplies 80% of its cast iron products to multi-national car and commercial vehicle manufacturers, said it was still experiencing improved demand from customers and

Impossible to make forecasts for next year, Castings says

Castings, the FTSE All-Share-listed company which manufactures iron castings, has provided an update on its performance for the period from October 1st to January 31st, predicting its results will be 'marginally below current market expectations'. In the interim management statement Brian Cooke, Ch

Record profits for Castings but Euroland worries continue

Castings, which as the name suggests, makes iron castings, has announced record profits for the year ending March 31st while sounding a note of caution on export orders. By most measures Castings has done well, as turnover increased from £105.4m to a record £126.3m, of which 66% came from exports.

Brady Finance Director bins shares

Tony Ratcliffe, Finance Director of Brady, a software provider to the commodities sector, has disposed of 416,565 shares in the company. Brady, who joined the company in 2007, sold the shares at 87p each for a total of £362,412. The sale was made just four days after the company scored a new cont

Castings setting profits in stone

Castings, the West Midlands based cast maker, says despite economic uncertainty trading conditions have remained good through the last six months. Sales for the six months to 30 September were £64.0m compared to £44.6m for the equivalent period of 2010, a rise of 43%. The adjusted profit before t

Small Caps Round-up: Castings, Natasa, London & Stamford

Foundry group Castings has announced that the first three months of trading have been "very encouraging" and ahead of expectations. The company said: "We have no indication from our major customers of reductions in demand, however it is still too early to know how the current economic problems wil

Ashley House directors build stakes

Directors bought stakes in Ashley House following the care home builder's interim results yesterday. Six directors took stakes in the company, with the biggest coming from chairman William Wells, deputy chairman Stephen Minion, chief executive Jonathan Holmes and finance director Antony Waters. The

Small caps round-up: Europa Oil, Regal Petroleum, Cardiff Property...

Shares in Europa Oil & Gas gushed ahead after it said drilling at the Barchiz-1 exploration well in Romania encountered oligocene sandstone reservoirs similar to those seen in a nearby field. 'Clearly we are extremely encouraged by this result and look forward to seeing the flow test results in the

Small caps round-up: Mavinwood, Imaginatik, Castings...

Shares in Mavinwood dropped after the emergency repair group reported a wider full-year loss. The group's pre-tax loss increased to £7.8m in the year ending 31 December compared with a loss of £3.9m in the previous year as revenue dropped to £27m from £31.5m. Software firm Imaginatik posted wider p

Castings FY10 Pretax Profit Jumps To £9.8M, Maintains Dividend

LONDON (Dow Jones)--Castings PLC (CGS.LN), a supplier of spheroidal graphite iron castings, reported Wednesday a significant increase in pretax profit for fiscal 2010 and said it maintained dividend payment at 7.29 pence per share. MAIN FACTS: -Revenue for the year ended March 31 GBP60.6 mil

Euromoney publisher sells

Neil Osborn, the publisher of Euromoney magazine, has sold nearly half of his stake in financial publisher and events organiser Euromoney Institutional Investor. Osborn sold 25,000 shares at 460p a share, which raised £115,000. Osborn is left with 27,675 shares. Last February, Osborn exercised o

Small caps round-up: Mattioli Woods, Avon Rubber, Castings...

Pensions consultancy Mattioli Woods says clients have an appetite to move away from a defensive position, but caution about the economy is impacting the timing of investment decisions. Despite this, the company thinks results for the six months ending 30 November, due on 26 January, will be in line