Tue, 12th Nov 2019 09:48
Sales at Electrocomponents surged considerably higher in the four months to the end of January, as France returned to growth and North America accelerated, though the UK market remains tough. Sales growth was up 5%, compared with 3% in the company's first half, offsetting an estimated £2m hit to pre
Read more** Electrocomponents Plc's shares fall as much as 3.5 pct after co says YTD gross margins shrank 1.3 pct points vs last year ** Co blames FX pressure and faster growth of lower margin products and regions ** Co said in November that H1 gross margins declined by 0.7 percentage points,
Read more** Shares in Premier Farnell Plc, a distributor of small electronics and electronic parts fall 10 pct to lowest since June 2012, after co warns on margins. ** Co says FY operating margins would be slightly below prior year levels as it experienced softer trading conditions in Asia and Europ
Read moreUK listed shares put in a fairly decent gain on Thursday after positive updates from a number of blue chips and despite oil stocks sliding. The FTSE 100 closed 24.41 points higher at 6,635.45. Oil stocks declined further after the price of Brent crude oil slipped below $80 per barrel for the first
Read moreSt. Modwen Properties rose after announcing that its 50/50 joint-venture French partner Vinci has been granted planning permission to redevelop the 57-acre New Covent Garden Market site in south London. The major 10-year project will see the delivery of over 500,000 square feet of new state-of-the-a
Read more** Shares in Electrocomponents Plc a British distributor of electronic products for engineers fall as much as 7.4 pct after co warns on sales and says CEO to step down at end of financial year after 13 years at the helm. ** Electrocomponents reported a 16 pct fall in H1 headline pretax prof
Read more(Adds analyst comment, details, share movement) Nov 13 (Reuters) - Electrocomponents Plc, a British distributor of electronic products for engineers, said Chief Executive Ian Mason will step down at the end of the financial year after 13 years at the helm. Shares in the company fell a
Read moreIan Mason has announced he will step down as chief executive of Electrocomponents at the end of the financial year, sending shares in the company shooting lower on Thursday morning. Mason, who has been chief of the FTSE 250 group for the past 13 years, said his decision followed the successful imple
Read moreA strong performance in North America helped electronic goods distributor Electrocomponents grow underlying sales 3% to £616.4m in the six months to 30 September as adjusted pre-tax profits decline 16%, in-line with expectations. Sales grew 5% in the firm's international division, but fell 2% in the
Read moreNov 13 (Reuters) - Electrocomponents Plc, a British distributor of electronic products for engineers, said Chief Executive Ian Mason will step down at the end of the financial year. The company, which distributes about 500,000 products sourced from over 2,500 suppliers, said it would evalua
Read moreBroker Canaccord Genuity has downgraded Electrocomponents, saying its full year sales forecasts for the electrical parts distributor looked "optimistic". Electrocomponents, which distributes equipment for electrical engineering, said last week that second quarter trading had matched first quarter
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