Tue, 12th Nov 2019 09:48
Canaccord Genuity downgraded Electrocomponents to 'sell' from 'hold', pointing to the 19% rise in share price since mid February and the company's recent results for the year ending March 2015. It noted that since 2012, return on invested capital has fallen from 19% to 12% in 2015, mostly due to mar
Read moreLondon's secondary equity index was inching higher on Wednesday afternoon, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. As of 3:40, the FTSE 250 was trading 4.4 points higher at 18,140. Food wholesaler Booker jumped
Read more(Adds CEO, finance director and analyst comments, details, share movement) By Noor Zainab Hussain May 21 (Reuters) - Electrocomponents Plc, a British distributor of electronic products for engineers, reported a 5 percent fall in full-year pretax profit, hurt in part by subdued perform
Read more** Electrocomponents falls 4.4 pct, poised for biggest one-day drop since February & down at 2-wk lows ** Results beat, but uplift in estimates seen as unlikely - one trader cites this as catalyst for share price fall ** Headline PBT 80.1 mln pounds vs Jefferies est 77.9 mln pounds (b
Read moreElectrocomponents, a global distributor of engineering products, disappointed with a drop in full-year profits, partly on the back of a subdued performance in the UK. The FTSE 250 company, which commercially trades under its RS Components and Allied Electronics brands, posted a 5% drop in full-year
Read moreMay 21 (Reuters) - Electrocomponents Plc, a British distributor of electronic products for engineers, reported a 5 percent fall in full-year pretax profit, hurt in part by subdued performance in the UK. The company, which distributes 500,000 products, sourced from over 2,500 suppliers, said
Read moreDrugs group BTG topped the risers after raising sales forecasts for the year, partly thanks to the acquisition of lung device company PneumRx. Food wholesale retailer Booker also rose after saying it had a "good end to a good year" with a 1% rise in fourth-quarter sales despite ongoing price deflati
Read moreSales growth slowed at Electrocomponents in the final months of the year, as progress in North America was held back by the heavy snow storms. The day after new chief executive Lindsley Ruth took his position, group sales growth slowed to 4% in the quarter to the end of March, down from the 8% growt
Read moreThe chairman of Electrocomponents bought some shares in the group on Monday. Peter Johnson purchased 50,000 shares for an individual price of 230.15p. After spending a total of £115,075 in the transaction, Johnson holds 150,000 shares, which represent 0.1% of the issued share capital. The distribu
Read moreAmlin, the British insurer and re-insurer, topped the fallers after reporting a drop in full-year pre-tax profit by 21%, as an environment of low interest rates and weaker investment return dented profitability. Broker Numis Securities cut its rating on the stock from' buy' to 'hold', noting the res
Read moreElectrocomponents has appointed Lindsley Ruth its new chief executive (CEO). He will take on the role from 1 April 2015. Ruth is currently the executive vice president at Future Electronics Group, where he has worked since 2002. He will overtake Ian Mason, who has planned to step down on 31 March 2
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