Hints and tips:
Related Special Reports
...Halma and Spirax Sarco trade at around 17 times. Closing that gap will not be easy. Two years ago Smiths slimmed from five to four businesses when it sold its medical unit for $2.7bn....
...Spirax-Sarco Engineering and chemical company Croda have come down sharply from their pandemic highs. Both companies were involved in Covid-19 vaccines....
...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....
...Spirax Sarco: This is perhaps not as compelling a read as the Next report, but it will challenge your perceptions of Britain’s manufacturing industry being in permanent decline....
...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....
...Britain’s Spirax Sarco Engineering, which makes steam management systems — an industrial staple that accounts for a ninth of US energy use, according to the country’s Department of Energy — has also enjoyed...
...Shareholders have their eyes on a rating akin to UK peers including Halma and Spirax-Sarco, trading at multiples in the mid-thirties. But these are specialised engineers....
...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....
...Revenue of approximately $3bn was in line with expectations, the company said. Also on Wednesday are updates from Spirax‐Sarco Engineering, Halfords, SSE, Breedon and Safestore....
...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...
...Spirax-Sarco goes down to “sell” at Stifel, saying the valuation doesn’t make sense. It’s still a good engineer, Stifel says, it’s only good right now in comparison to bad engineers....
...fair, considering the time value of money and the low visibility on the potential timing of a meaningful recovery in demand and earnings.”Kepler Cheuvreux Sellside stories ● Goldman Sachs downgraded Spirax-Sarco...
...It is close to the equally discreet Rentokil Initial and in front of steam pump specialist Spirax-Sarco. Others, such as credit checker Experian and chemicals maker Croda, trail not far behind....
...FTSE Russell said after the close that the takeaway website would be replaced by engineer Spirax-Sarco....
...● Morgan Stanley downgraded Halma and Spirax-Sarco to “equal weight” from “overweight” as part of a capital goods sector review....
...● Investec downgraded engineer Spirax Sarco to “sell” from “hold” with a £66.35 target price....
...upgraded to “buy” at Jefferies; Pennon downgraded to “sector perform” at RBC; Rémy Cointreau upgraded to “hold” at Société Générale; Saipem upgraded to “buy” at HSBC; Severn Trent cut to “outperform” at RBC; Spirax-Sarco...
...● 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...
International Edition