Investec revisits estimates for Morgan Advanced Materials
12th Nov 2015 13:08
(ShareCast News) - The deeper-than-expected global slowdown forced analysts at Investec to revisit their forecasts for Morgan Advanced Materials, but they reiterated their underlying upbeat view on the company's prospects. Despite the advanced materials manufacturer's considerable diversification, b
Read moreLondon midday: Chinese data, profit warnings weigh on Footsie
12th Nov 2015 11:49
(ShareCast News) - News that Chinese banks remained unwilling to lend in October weighed on stock markets across Europe on Thursday, amid a spate of profit warnings in the UK and ahead of an eagerly awaited speech from the chair of the US Federal Reserve herself. So-called aggregate financing in Asi
Read moreMorgan Advanced Materials warns earnings will be at lower end of expectations
12th Nov 2015 09:02
(ShareCast News) - Shares in Morgan Advanced Materials slumped early on Thursday, after the carbon products and ceramic manufacturer warned its full year earnings will be at the low end of expectations, due to a challenging market environment. The group said trading conditions have weakened in the s
Read moreMorgan Advanced Materials scraps COO position
2nd Oct 2015 08:27
(ShareCast News) - Andrew Hosty is set to step down as the chief operating officer of Morgan Advanced Materials, after the FTSE 250 group deemed the role to be surplus to requirements. In a short statement on Friday, the supplier of technically advanced materials said that following a review of grou
Read moreFTSE 250 movers: Workspace Group and WH Smith surge on strong results
3rd Jun 2015 13:25
Mid-caps tracked the FTSE 100's gains on Wednesday afternoon despite mixed US data, as strength in the construction and engineering sectors buoyed the market. As of 15:30 BST, the FTSE 250 was trading 0.4% higher at 18,294. Workspace Group led the risers after beating full-year forecasts for profit
Read moreUBS downgrades engineers Morgan and Spectris on margin gloom, upgrades Melrose
3rd Jun 2015 09:25
Shares in engineers were moved markedly by a short but gloomy note on the sector from UBS on Wednesday that said "margins have peaked", with only Melrose Industries receiving an upgrade. The Swiss bank's ratings on Melrose was lifted to 'buy' from 'neutral', as it downgraded both well-loved Spectris
Read moreMorgan Advanced Materials in line to meet annual expectations
20th May 2015 09:06
Morgan Advanced Materials said its annual trading expectations remained unchanged, following four months of mixed market conditions. In a short statement released on Wednesday, the FTSE 250 group reported a 1.9% rise in like-for-like revenue in the year to date, while book-to-bill ratio was 1.07 in
Read moreMorgan Advanced halves annual profits but reports strong finish to 2014
12th Feb 2015 15:05
Carbon and ceramic products manufacturer Morgan Advanced Materials finished the year strongly after profit before tax exceeded analysts estimates. At the headline level, including restructuring costs and impairments, the group said its pre-tax profit for the 12 months to 31 December fell from £64m t
Read moreMorgan Advanced Materials reveals new CEO Paul Raby
30th Jan 2015 08:24
Morgan Advanced Materials (MGAM) has appointed a new chief executive officer (CEO), Pete Raby. After a nine-year career at Cobham where he worked as president of its communications and connectivity, Raby will commence his new role on 1 August 2015. He said in a statement released on Friday: "The co
Read moreVesuvius abandons Morgan Advanced Materials talks
1st Dec 2014 09:08
Morgan Advanced Materials announced on Monday that metal flow engineer and developer Vesuvius does not intend to make a formal offer. On 27 October, Vesuvius made a preliminary proposal to Morgan Advanced Materials for an all-share merger between the two companies, but the board of the Windsor-based
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
Read moreMorgan Advanced Materials reports revenue growth in second half
11th Nov 2014 09:32
Carbon and ceramic products manufacturer, Morgan Advanced Materials, published an encouraging trading update, outlining positive revenue growth. Morgan reported that its trading performance in the four months to the end of October showed encouraging results in line with management expectations. The
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreMGAM agrees graphene partnership with Manchester University
5th Aug 2014 14:40
Morgan Advanced Materials has agreed a partnership with The University of Manchester to develop a process for manufacturing graphene, the 'wonder material' developed by the university's scientists. The company's shares were up 1.6% on Tuesday to 320.05p on the announcement, which will see Morgan's
Read more