Mon, 17th Mar 2014 07:01
PV Crystalox Solar saw shares rise strongly on Monday morning following news that is to return some of its cash pile to shareholders. In an interim management statement, the manufacturer of components for solar power cells, announced: "The group has a strong net cash balance and the board is contin
Read moreCash conservation remains the name of the game at solar power systems component maker PV Crystalox Solar, dashing the hopes of those shareholders hoping the company would distribute some of its cash pile. At the end of June the company was sitting on €122.4m of cash, up from €22.6m at the end of 20
Read moreAcquisitions are set to put a gloss on the interim results of pharmaceuticals firm Hikma on Thursday. Peel Hunt is expecting the group to report sales of more than $500m, up 25% on the first half of last year when, admittedly, results had been negatively affected by the so-called Arab Spring. Sale
Read moreGenel, the oil investment vehicle headed by Tony Hayward, the former chief executive of BP, has been unloved by the stock market. Genel had 1.8bn dollars (1.15bn pounds) of cash when it gave its last trading update. Last week it spent 240m dollars buying an additional 21 per cent interest in a Kurdi
Read moreFootsie finished not far off its low for the day after a lunch-time rally fizzled out. With speculation rife in Spain that a ban on short-selling stocks might be reintroduced, holders of stock in UK banks Lloyds, Royal Bank of Scotland and Barclays could be forgiven that might not be such a bad id
Read moreShares in PV Crystalox Solar, a solar wafers supplier, rocketed after the firm reached a cash settlement relating to a terminated wafer supply contract that exceeded its market cap. The €90m sum will be recognised as income for the first half of 2012 by the company, which has seen its market capit
Read moreSolar wafers supplier PV Crystalox Solar warned of tough times ahead but said it remained committed to the solar industry after experiencing a difficult 2011. The company blames its woes on a dramatic increase in worldwide production capacity in the photo voltaic (PV) industry, driven by companies
Read moreMining stocks led the sell-off on Thursday as the US Federal Reserve yesterday painted a gloomy picture of the state of the US economy, dampening sentiment across global stock markets. "Information received since the Federal Open Market Committee met in August indicates that economic growth remains
Read moreThe last time we looked at the Savills, we opted to buy, reasoning that its international reach, coupled with exposure to the resilient upper end of the UK market, gave it an edge. Yesterday's half-yearly results confirmed our confidence. The group said revenues in the six months to the end of June
Read moreUBS scaled back its numbers for fund manager Henderson Group on Thursday as a consequence of "lower market levels and lower flows." "Given the cautious outlook for the retail segment, we are now looking for modest outflows in [the second half] from this segment, versus healthy net flows of circa £4
Read moreMerchant Securities has upgraded its rating on PV Crystalox Solar, the solar power wafers manufacturer, from sell to hold after the stock's recent underperformance. Revenue was up from $59.6m to $78.7m in the six months to 30 June, while adjusted pre-tax profit (excluding a currency impact) rose fr
Read moreDespite a significant rise in pre-tax profit for the six months to 30 June, PV Crystalox Solar has decided not to declare a dividend because of "challenging market conditions". The solar power wafers manufacturer's pre-tax profit was up $14.5m to $15.9m after exploration write-off before tax of $6
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