TCN.L Share News (TCN)

UK WINNERS & LOSERS: Carpetright Slips As Tate & Lyle Leads Blue-Chip Gainers

Tricorn Group Expects Lower Pretax Profit As UK Arms Struggle

Wednesday broker round-up UPDATE

Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t

Tricorn close to first shipment from new Chinese facility

AIM-listed tube manufacturer Tricorn surged on Monday following the release of its interim results, in which it reported a decent increase in the half-year dividend. The company, which operates in three main segments - Energy & Utilities, Transportation and Aerospace - is to pay shareholder 0.1p pe

Tricorn posts record results

Tricorn Group, the AIM-quoted tube manufacturer, is to double its dividend after a record set of results. In the year to March 31st, pre-tax profits rose 14% from £0.93m the year before to a record £1.53m, on revenues of £24.7m (2011: £21.8m). Adjusted earnings per share increased 47% to 3.78p fr

Tricorn tubes on a roll

Tricorn, a maker of pipes for the power industry and aircraft engines, said it would top market expectations with its full year results, which had already been upgraded as recently as February. The news pushed shares up almost 7% in Tuesday morning trading as the firm predicted a 13% increase in s

Tricorn raises profit guidance

Tricorn Group, the AIM-quoted tube manufacturers, has revealed that group profit before tax for the full year ended March 31st will be ahead of market expectations. The news comes after the firm made an 'encouraging' start to the final quarter with demand remaining strong and operational performa

Tricorn sees 20% hike in sales

Tricorn, a maker of pipes for the power industry and aircraft engines, expects first half sales to be over 20% higher than in the previous year as strong global demand continues. The upbeat outlook also reflects progress made with its major blue chip OEM customers, it said. "It is those customers

London close: Shares edge higher on quiet day

Having hovered around its starting point for much of the day, the top share index finished just a few points higher. Vodafone's sale of what it considers non-core minority stakes continues with the sale of its 44% holding in French mobile phone group SFR to French media group Vivendi for €7.75bn (£

London midday: Shares seeking direction

Shares are still seeking direction after a slight recovery following a lower start in the morning. It has been a morning for asset sales with both telecoms giant Vodafone and oil colossus BP pressing on with their respective asset sale programmes. Vodafone's sale of what it considers non-core min

Tricorn set to beat FY forecasts, offer dividend

Tube manipulation specialist Tricorn said it expects full year pre-tax profit to be significantly ahead of market expectations as it considers recommending a maiden dividend. The Worcestershire-based group said full year pre-tax profit is expected to be around £1m after a strong final quarter and i

London afternoon: Miners spooked by China

Footsie staged a half-hearted recovery over the lunch time session but the market remains lower on balance, largely as a result of weak miners, which have taken fright at further attempts by the Chinese authorities to cool down the Chinese economy. China has raised bank reserve requirements by half

Small caps round-up: Blinkx, Motive Television, Noventa

Video search engine specialist blinkx said its technology is slated to be available soon through the applications (apps) library of Boxee, the company that produces a box that finds shows and films on the internet and streams them to a television set. The blinkx app for Boxee gives users the abili

Profit surges at Tricorn

Tricorn, a maker of pipes for the power industry and aircraft engines, posted a sharp increase in half year pre-tax profit and is confident that full year results will be ahead of market expectations. Tricorn noted a continued recovery in Energy and Transportation businesses which helped lift pre-t