Broker tips: Utilities, Mitchells & Butlers, Ricardo
26th Nov 2009 12:42
On the day when Ofwat, the water regulator, released its final ruling on pricing restrictions for the water companies, Morgan Stanley has issued a timely review of the utilities sector. Two of Thursday morning's best performing stocks, Severn Trent and United Utilities, are named as Morgan Stanley'
Read moreBroker snap: Ricardo set to benefit from CO2 trends
26th Nov 2009 11:31
As a leading provider of innovative engineering solutions Ricardo is well placed to benefit from the decarbonisation of the world's energy systems, reckons Charles Stanley. 'Recently introduced CAFE [Corporate Average Fuel Economy] standards in the US and fleet average CO2 targets in the EU now req
Read moreTechMARK movers: Ricardo recovers yesterday's losses
20th Nov 2009 15:23
Engineering consultancy Ricardo has more than made up yesterday's decline in the share price. Ricardo warned that trading conditions were not improving and that its interim trading would be substantially down on the same time in the previous year. There has been a poor start to the year in the US.
Read moreRicardo sees weak H1
19th Nov 2009 08:29
Engine consultant Ricardo said trading conditions in its core markets have not markedly improved since the year end and it still expects first-half trading to be "substantially" lower than the same period last year. The group said in the US, a very depleted opening order book has resulted in a poor
Read moreWednesday tips round-up: Imperial Tobacco, JD Sports, Synchronica
23rd Sep 2009 06:46
Imperial Tobacco yesterday issued a full-year update that reassured the market on various points. In particular, there was some concern at the half-year results that the company would not raise the full-year dividend by as much as everyone had expected. The shares stands at just over 11 times forec
Read moreRicardo matches forecasts
22nd Sep 2009 07:51
Ricardo's annual results are largely in line with expectations, but the engine consultant warns the first half of the current year will be 'substantially lower' than a year ago before improving in the second half. Profit before tax for continuing operations was little changed in the 12 months ended
Read moreTuesday preview: JD Sports, Ricardo Group, Holidaybreak
21st Sep 2009 16:00
Teenager clothes specialist JD Sports releases interim results on Tuesday where like for like sales growth is likely to be positive but the news on the gross margin may be less so. The share price of engine consultant Ricardo Group has recovered strongly since the company issued a mild profits warn
Read moreRicardo gives earnings warning
12th May 2009 16:36
Engine consultant Ricardo said it now believes earnings will be slightly below those of last year as the turbulence caused by the global downturn leads to lower levels of orders and contract delays. Despite the strong underlying market requirements, the January to March period has been very difficu
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