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How BTG sale will bolster growth potential for industrial kit maker Spectris featured picture

How BTG sale will bolster growth potential for industrial kit maker Spectris

Productivity-enhancing instrumentation and controls manufacturer Spectris (SXS) saw its share price rally 3.5% to £25.83 after agreeing the sale of its BTG business to Voith for €319m in cash. BTG designs and makes specialised measuring instruments and software used by paper industry players to improve operational performance and streamline costs. This is not seen as an attractive market for ...
Market report: Mark-down for Next, Charles Taylor surges on £261m takeover featured picture

Market report: Mark-down for Next, Charles Taylor surges on £261m takeover

Having opened lower, London’s FTSE 100 edged 15.1 points higher to 7,329.1 on Thursday as tension mounted ahead of the Bank of England’s latest interest rate decision and after last night’s rate cut by the US Federal Reserve left investors confused. While the cut was widely expected, the market doesn’t know what to make of split views in the Fed as policymakers in the committee failed to ...
Margin headwinds take the edge off strong first half growth at Keywords Studios featured picture

Margin headwinds take the edge off strong first half growth at Keywords Studios

Keywords Studios (KWS:AIM) reported like-for-like revenue growth of 17.3% to €153.2m in the first half to 30 June 2019, and said it was on track to meet full year profit expectations. Yet shares in the company, which provides creative services to the video games industry, fell 4% to £13.55 as investors worried about the need for profit margins to ramp up in the second half if the company is ...
Market Report: Competition watchdog to probe Cobham sale, Kingfisher profits fall, Pendragon in the red featured picture

Market Report: Competition watchdog to probe Cobham sale, Kingfisher profits fall, Pendragon in the red

A mixed day for corporate reporting leaves UK markets without firm direction in early trade on Wednesday as investors weigh Government intervention in defence contractor Cobham’s (COB) planned £4bn sale with stabilised oil prices. There is also ongoing interest in what the US Federal Reserve may do with interest rates Stateside later today. Market watchers had been anticipating a cut but ...
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