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...Spirax-Sarco, a top engineering group, and AstraZeneca, the pharmaceuticals producer, sit at more than £90 for a single share....
...Croda International chief financial officer Louisa Burdett will step down in June 2024 to become CFO of Spirax-Sarco Engineering....
...But others admitted they simply did not know: “It’s very difficult to call the timing and the magnitude of these turnarounds,” said Nicholas Anderson, chief of UK engineering group Spirax-Sarco....
...Big beneficiaries from weaker sterling include exporters such as aviation group Rolls-Royce and engineering peers Smiths and Spirax Sarco. Their share prices rose on Monday....
...Halma’s and Spirax Sarco’s enterprise value is more than 30 times ebitda. Philips says that is not that expensive in the global context. And some are cheaper than others....
...In a spa town in the Cotswolds lies Spirax Sarco....
...“The likes of Schneider, Vestas and Spirax have run their course in terms of being well known as ESG friendly,” he says. “Who shall we look at who is not [yet] acknowledged for that?”...
...Spirax-Sarco said organic sales growth in the first four months of 2021 was ahead of the overall market thanks in part to “exceptional” demand from the pharmaceutical and biotechnology sector....
...Spirax-Sarco Engineering said trading in the fourth quarter had been stronger than anticipated, with an improved outlook for industrial production growth....
...Compare that with peers in the industrial sector though and the valuation is not quite so stretched — Spirax-Sarco and Halma, two other Stakhanovites, trade on 42 times earnings, says S&P Global, thanks...
...● Goldman Sachs downgraded Spirax-Sarco Engineering to “sell” from “neutral”....
...Reporting its first drop in orders in four years, the Pennsylvania-based company blamed “rising interest rates and the effect on buyer sentiment of well-publicised reports of a housing slowdown”....
...Earnings before interest tax depreciation and amortisation jumped 24 per cent in the first half as IMCD’s organic profit growth improved from 12 per cent in the first quarter to around 16 per cent in the...
...● Just Eat tumbled following the unpredicted news overnight that the takeaway ordering website would lose its place in the FTSE 100, to be replaced by engineer Spirax-Sarco....
...● In brief: EnQuest raised to “speculative buy” and Genel cut to “hold” at Canaccord Genuity; Hargreaves Lansdown cut to “underweight” at JPMorgan; Spirax-Sarco downgraded to “hold” at Deutsche Bank; Virgin...
...” ● In brief: UBS upgrades Sage to “neutral”. Spectris upgraded to “overweight” at JPMorgan Cazenove. Royal Bank of Scotland raised to “hold” at Investec. Stifel raises Spirax Sarco to “buy”....
...Smaller, more focused groups are the more likely candidates for takeovers, such as Morgan Advanced Materials, Rotork, Spirax Sarco and Vesuvius, one of the companies spun out of the Cookson demerger in late...
...as a staging post to an 11 per cent margin in 2015....
...The UK has medium-sized companies with strong global positions in niche technologies, including Halma, Spectris, Renishaw, Spirax Sarco and Rotork, which make items from optical lenses to steam control systems...
...Among the mid-caps, engineer Spirax-Sarco was up 4.8 per cent to £18.44 after Merrill Lynch added the stock to its “buy” list with a £20.50 target price....
...Spirax-Sarco led the engineers higher after an upbeat trading statement with shares in the pump maker rising 6.5 per cent to £14.46....
...Its favoured picks included Spectris (up 1.1 per cent to 905p); Spirax-Sarco (1.1 per cent higher at £14.50); and Weir Group (up 0.8 per cent to 948½p)....
...Boiler maker Spirax-Sarco said its 2009 profit would beat expectations, lifting its shares by 5.1 per cent to £12.98 and helping other engineers sustain their recent rally....
...It is more than 230 years since the British-developed steam engine kicked off the global industrial revolution – and companies such as Spirax-Sarco are still world leaders with steam control systems used...
...In the mid-caps, IMI rose 3 per cent to 427p on renewed speculation that Honeywell may bid. Fellow engineer Spirax-Sarco rose7 per cent to £10.21....
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