Elementis Share News (ELM)

London close: Stocks manage gains after deluge of updates

(Sharecast News) - London's stock markets managed a positive finish amid subdued trading activity on Thursday, with investors digesting a plethora of corporate news.

IN BRIEF: Elementis expects 2023 profit rise after strong quarter

Elementis PLC - London-based speciality chemicals firm - Says performance in the fourth quarter of 2023 is strong compared to a "weak" final quarter in 2022. As a result, expects adjusted operating profit for 2023 to be in the range of USD102 million to USD104 million. For 2022, Elementis reported adjusted operating profit of USD101 million. Net debt at December 31 is anticipated to be about USD201 million, down from USD367 million. Looking ahead, Elementis says it remains committed to delivering on its financial targets, which include an operating margin of above 19%, by 2026.

Elementis FY profit seen slightly ahead of expectations after 'resilient' Q4

(Sharecast News) - Specialty chemicals company Elementis said on Thursday that 2023 profit was set to be slightly ahead of expectations after a "resilient" fourth-quarter performance.

LONDON BROKER RATINGS: RBC cuts HSBC; Liberum cuts Glencore

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

(Alliance News) - The following London-listed shares received analyst recommendations on Friday and Thursday.

LONDON BROKER RATINGS: Deutsche likes Compass; Numis cuts Elementis

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

LONDON MARKET CLOSE: FTSE 100 underwhelms as stocks jump after US CPI

(Alliance News) - European equities jumped in the wake of a cooler-than-expected US inflation reading, which took some sting out of a recent hawkish reassessment of the Federal Reserve interest rate outlook.

Under pressure Elementis eyes cost savings and margin growth

(Alliance News) - Elementis PLC on Tuesday set out a lofty margin target and said it plans "above market revenue growth by 2026".

Elementis sets down efficiency and cost savings goals

(Sharecast News) - Speciality chemicals company Elementis outlined its 2026 group performance objectives on Tuesday, aimed at achieving an adjusted operating profit margin of 19% or higher, maintaining a three-year average operating cash conversion rate above 90%, and securing a return on capital employed, excluding goodwill above 20%.

London close: Stocks finish mixed, Rolls-Royce jumps on upgrade

(Sharecast News) - London's stock markets saw a mixed performance on Tuesday, with Rolls-Royce recording solid gains after a rating upgrade, while BP fell on disappointing third-quarter numbers.

Elementis revenue falls 5% in third quarter amid weak volumes

(Alliance News) - Elementis PLC on Tuesday reported a decline in third-quarter revenue compared to a year ago due to what it called challenging market conditions and market-related volume weakness.

Elementis describes resilience, revenue still down year-on-year

(Sharecast News) - Speciality chemicals company Elementis said in its third-quarter update on Tuesday that, despite challenging market conditions, it maintained revenue at a level similar to that of the prior two quarters.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Panmure likes abrdn; Kepler cuts Britvic

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

LONDON MARKET CLOSE: Stocks up ahead of BoE and Fed decisions

(Alliance News) - Stock prices in London closed higher on Wednesday, as investors end the day on a more positive note with a lower UK inflation reading, as well as an expected pause from the US Federal Reserve.