LVD.L Share News (LVD)

Lavendon Revenues Boosted By Strong Growth In Middle East, France

Lavendon promises flat first half as Middle East shines

Equipment rental group Lavendon needed strong revenue growth from its French and Middle East businesses to counteract weakness elsewhere during the first half of the year. Group turnover was flat for the period, as decline in the first quarter was arrested with a return to growth in the second. Wh

STOCKS NEWS EUROPE-UK small caps close down 0.2 percent, behind FTSE

UK small caps close down 0.2 percent, lagging the mid-caps, up 0.2, and the blue chips, which are flat. Synergy Health, adds 3.9 percent after saying that trading in the last quarter has been robust, prompting Investec to raise its rating on the a provider of specialist outsourced support s

Thursday broker round-up UPDATE

African Barrick Gold: Investec reduces target price from 315p to 286p keeping a hold recommendation. BHP Billiton: JP Morgan cuts target price from 2380p to 2330p, while leaving its neutral rating unchanged. Deutsche Bank lowers target price from 2350p to 2334p keeping a buy recommendation. Big Ye

Wednesday broker round-up UPDATE

Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r

Tuesday broker round-up UPDATE

Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar

Rolls Royce director sells stake worth almost two million pounds

The President and Chief Executive Officer of Rolls-Royce North America, James Guyette, on Friday sold 1.966m pounds-worth of shares in the global power systems company, just two weeks after it delivered a 24 per cent leap in annual profits. Guyette, who was appointed to the board in January 1998,

Lavendon to come in at top of expectations

Lavendon, which rents out aerial work platforms in western Europe and the Gulf States, rose strongly after it said full year results would be at the upper end of its expectations. The group's total revenues for the year ended December 31st 2012 were up 4% on the previous year on a constant currency

STOCKS NEWS EUROPE-UK small caps push higher early on

The FTSE Small Caps index is up 0.2 percent in morning trade, tracking similar gains by the FTSE 250 index, up 0.3 percent, with the FTSE 100 index flat. Lavendon Group gains 8 percent as the powered access equipment rental firm says its full-year results are expected to be at the upper end of its b

Tuesday broker round-up UPDATE

African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum

Lavendon's biggest end markets deteriorate

Lavendon said full year results will be in line with expectations, although trading is getting tougher in some of its key markets, as borne out by slightly weaker results for the third quarter. Don Kenny, Chief Executive of Lavendon, said: "Trading in the year to date has been as expected, and whil

Lavendon cherry picking success

Powered access equipment rental firm Lavendon has reported revenues and profits significantly ahead of expectations for the first half of 2012 as it seeks to capitalise on its European and Middle East markets. The group is explicit in targeting the return on capital employed metric (ROCE), which ro

Lavendon ahead of expectations, boosted by Middle East

Equipment rental firm Lavendon Group has performed ahead of its own expectations with revenue growth feeding through to improved profitability, margins and return on capital employed. Overall revenues grew by five per cent in the first half of 2012 compared with the same period of prior year. In th

Small caps round-up: Hambledon, Cluff Gold, Orosur, Alumasc, Theo Fennell ...

Hambledon Mining announced that the European Bank for Reconstruction and Development (EBRD) has posted a Project Summary Document relating to a potential $15m debt facility along with an equity investment of $3m for Hambledon to develop the Sekisovskoye underground mining operation and other group p

Pearson chief sells £0.5m worth of shares

Marjorie Scardinom, chief executive of Pearson, has made multiple sales of her stake in the firm on the same day it announced plans to sell its 50% stake in FTSE International to the London Stock Exchange. Scardinom, 64, sold 32,960 at 1,147.00p each, 12,040 at 1,140.59p, and 5,000 at 1,147.49p fo