focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Sector movers: Electricals rise, while ex-div stocks drag pharmaceuticals lower

Wed, 15th Feb 2012 16:09

The full-year results from industrial materials maker Morgan Crucible were received well on Wednesday, helping to push the electronic and electrical equipment sector higher.Morgan Crucible saw record revenues and operating profit in 2011, with the group making rapid progress towards the attainment of the goals of its three-year plan announced a year ago. Revenue rose 8.2% to £1,101.0m in 2011 from £1,017.1m in 2010, bang in line with market expectations. Underlying profit before tax rose 58.1% to £119.7m from £75.7m in 2010, and ahead of the market consensus of £116.6m. Shares were up 9.05% at 356.6p.The company operates in the electronics market as well as petrochemical and industrial, transportation, security and defence and healthcare sectors. In electronics, the firm's applications range from energy harvesting to semiconductor manufacturing and consumer electronics.Sector peers Elektron Technology, TT electronics and RCG Holdings were also making decent gains today.Meanwhile, the pharmaceuticals and biotechnology sector was the worst performing sector today with its two largest constituents AstraZeneca and GlaxoSmithKline registering losses on the FTSE 100 after going ex-dividend. BCTop performing sectors so far todayElectronic & Electrical Equipment 3,300.10 +2.19%Personal Goods 22,423.89 +2.02%Banks 4,019.08 +1.98%Industrial Engineering 7,678.52 +1.64%Software & Computer Services 799.79 +1.11%Bottom performing sectors so far todayPharmaceuticals & Biotechnology 9,830.87 -2.04%Food Producers & Processors 5,500.23 -0.86%Mining 22,344.54 -0.81%Oil & Gas Producers 8,800.29 -0.81%Real Estate Investment Trusts 1,896.80 -0.44%

Related Shares

More News
Today 12:03

CORRECT: Stocks fall but pound up as IMF ups UK forecast

(Correcting London Stock Exchange index prices.)

Today 12:00

LONDON MARKET MIDDAY: Stocks fall but pound up as IMF ups UK forecast

(Alliance News) - Stock prices in Europe were lower heading into Tuesday afternoon, with shares in New York also set for a muted open, as a recent ral...

Today 09:04

LONDON MARKET OPEN: FTSE 100 declines after Asian stocks fall

(Alliance News) - Stock prices in London opened in the red on Tuesday, with some US interest rate cut optimism cooling after hawkish words from Federa...

Today 08:18

TOP NEWS: AstraZeneca eyes new era of growth with bold new revenue aim

(Alliance News) - AstraZeneca PLC on Tuesday set out its ambition to achieve USD80 billion in annual revenue by the end of the decade as it signalled ...

Today 07:52

LONDON BRIEFING: AstraZeneca plots "new era of growth"; SSP confident

(Alliance News) - London's FTSE 100 is called to open lower on Tuesday, following a mixed close in New York overnight, and tepid trade in Asia.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.