Posts in LSE:FENR

Fenner inks long-term supply deal

Fenner - through its subsidiary Fenner Conveyor Belting (South Africa) (Pty) - has signed a long term agreement with Bearing Man Group (Pty) Ltd for BMG to distribute Fenner Conveyor Belting products in specified territories in sub-Saharan Africa.

Fenner said that as part of this arrangement, BMG was acquiring the ECS service operations and related assets in South Africa.

Fenner appoints joint broker

Fenner has appointed Peel Hunt as joint broker to work alongside Jefferies Hoare Govett, with immediate effect.

At 8:18am: (LON:FENR) Fenner PLC share price was -1.87p at 354.63p

Insider: Five execs with skin in the game

Insider: Five execs with skin in the game

These bosses have just put their money where their mouths are and bet their firms can go onto bigger and better things. David Brenchley reports.

Director Deals - Fenner PLC (FENR)

Michael Ducey, Non Executive Director, bought 58,150 shares in the company on the 12th July 2017 at a price of 335.00p. The Director now holds 86,450 shares.

Director deals data provided by www.directorsholdings.com

Director Deals - Fenner PLC (FENR)

Chris Surch, Non Executive Director, bought 5,945 shares in the company on the 12th July 2017 at a price of 334.00p. The Director now holds 5,945 shares representing 0.00% of the shares in issue.

Director deals data provided by www.directorsholdings.com

2 top growth stocks I’d buy A.S.A.P.

During 2014, shares in Fenner (LSE:FENR) slumped by more than 50% as the company's earnings crashed from a high of 30p per share to 8.4p. However, the company has quickly regained its composure and over the past 12 months, shares in the engineering group have rallied by more than 100%.

It seems as if there could be further gains on the horizon as well. Shares in the company are trading higher by 10% at the time of writing following yet another bullish trading update. 

Broker Forecast - Numis issues a broker note on Fenner PLC

Numis today upgrades its investment rating on Fenner PLC (LON:FENR) to add (from hold) and left its price target at 350p.

FTSE heads south on mixed bag ahead of key UK data

Stocks in London opened on the back foot prior to a trinity of economic data and despite sterling being marginally lower against the dollar.

Soon after the open, the FTSE 100 was down 14.83 points, or 0.2%, to 7322.45, while the FTSE 250 was down 35.44, or 0.18%, to 19,333.6. Key stocks indices in Europe were down, too.

WPP (WPP) fell 2.2% to 1574.5p, while Royal Mail Fell 2.07% to 415.7p. Gold miner Fresnillo (FRES) fell 1.5% to 1414.5p, in keeping with a fall in the yellow metal's price.

Fenner comfortably ahead of previous forecasts

Fenner expects full-year operating profits to be comfortably ahead of previous forecasts.

Fenner said it continued to make strong progress since 1 March, principally in new product development, augmented by a further increase in the US rig count.

It said that AEP's performance continued to strengthen across each product area.

An update said: "In particular, our Medical businesses are experiencing strong revenue growth from the development of new customer projects.

"This provides an encouraging platform for long term growth in line with our plans.

2 top recovery stocks that could help you retire a millionaire

Rail and bus operator Go-Ahead Group (LSE:GOG) is looking a bit erratic at the moment, with its Southern Rail franchise hitting the news for the wrong reasons. But there's a lot more to the company than that, as was emphasised by Thursday's trading update ahead of full year results due on 7 September.

Southern Rail passenger revenue should be up around 3%, with London Midland revenue up 4.5% and GTR revenue down 4.5%. The company expects regional and London bus revenues to be up around 1%.