Morgan Advanced Materials Share News (MGAM)

UK Dividends Calendar - Next 7 Days

Monday 21 May Carr's Group dividend payment dateMelrose Industries dividend

UK Shareholder Meetings Calendar - Next 7 Days

Monday 7 Mayno events scheduledTuesday 8 MayRandgold GroupWilliam 9

Morgan Advanced Materials to offload rotary business to Moog for €40m

(ShareCast News) - Manufacturer Morgan Advanced Materials is to sell its Europe-based rotary transfer systems business to Moog, a US manufacturer of motion and fluid control systems, for about €40m on a cash and debt free basis. The sale is in line with the FTSE 250 company's strategy to simplify it

Merrill Lynch upgrades Spectris and Spirax, prefers Smiths Group

(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators

BROKER RATINGS SUMMARY: Citi Raises BHP, Anglo, Rio Tinto And South32

Morgan Advanced Materials boosted by currency in third quarter

(ShareCast News) - Morgan Advanced Materials reported an improved third quarter's trading thanks to currency changes, with sales in most parts of the business still down on last year. On a constant currency basis, sales for the first nine months of the year were 1.9% lower than the same period a yea

Broker tips: IAG, Morgan Advanced Materials, Robert Walters

(ShareCast News) - Credit Suisse reiterated its 'outperform' stance on shares of IAG Group, pointing to the carrier´s upcoming Capital Markets Day as a potential catalyst for confidence in the firm and its self-help measures. The Swiss broker´s analysts cut their estimate for the airline´s 2016 e

UBS hikes target for Morgan Advanced Materials but stays at neutral

(ShareCast News) - Analysts at UBS lifted their target price on shares of Morgan Advanced Materials from 245p to 285p, but stuck to their 'neutral' recommendation on what they described as a serially underperforming engineer. To prove their point, they highlighted the company´s own guidance for R&D

BROKER RATINGS SUMMARY: HSBC Raises IAG To Hold From Reduce

Morgan Advanced Materials raises $112m and €60m in private placement

(ShareCast News) - Morgan Advanced Materials announced on Friday that it has raised $112m and €60m with the completion of a US private placement. The FTSE 250 firm said the new debt extends the group's debt maturity profile and will be used for repayment of existing indebtedness and other general co

Laird Appoints Kevin Dangerfield As New Chief Financial Officer

Sector movers: Electricals advance, beverages slip

(ShareCast News) - Electronic & electrical equipment was among the top-performing FTSE 350 sectors on Wednesday, with constituents Renishaw and Morgan Advanced Materials rising on earnings news. Engineering firm Renishaw reported a 44% slump in full-year pre-tax profit to £80m as revenue fell due to

Morgan Advanced Materials reports fall in first half profits

(ShareCast News) - Morgan Advanced Materials posted on Wednesday a 6.1% decline in first half pre-tax profit to £46.2m as the manufacturer of specialist products underwent a restructuring. Underlying earnings dropped 16.7% to 10.5p in the six months ended 30 June. Underlying operating profit fell 9.

UK Earnings, Trading Statements Calendar - Next 7 Days

WINNERS & LOSERS SUMMARY: easyJet And Foxtons In Post-Brexit Warnings