Company
Aggreko
LON:AGK
Aggreko plc is the global leader in the rental of power, temperature control and oil-free compressed air systems.
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Investments and investor services
Aggreko takeover to be opposed by 12% shareholder
The deal requires the backing of 75% of shareholders to be passed
Aggreko board recommends £2.3bn private equity takeover
Aggreko requires significant investment in clean technology and a step change in the pace of transformation said bidder
Aggreko proposes 10p final dividend as markets recover
Last year, performance was hit by COVID-19 and the lower oil price
Aggreko receives £2.2bn offer from private equity groups
Aggreko has a US$315mln contract to power Tokyo’s Olympic games
Aggreko forecasts profits will be ahead of guidance, cuts down debt
The provider of power generation equipment previously guided for 2020 pre-tax profits of between £80mln-£100mln
Aggreko gains from rescheduled Tokyo Olympics date
Originally expected to be worth US$200mln, the contract has grown significantly in size due to the delay of the games
Aggreko commits to net-zero carbon emissions by 2050, sets profit guidance for 2021
Next year’s profit before tax is forecast to be in the range £170-190mln if the Tokyo Olympics contract proceeds as planned
Aggreko upgraded to hold as Berenberg says impairment charge has rebalanced risk-reward profile
The broker said the impairment charge had mostly cleared a "residual overhang from the emerging-market crisis of 2015/16" which they expected to improve returns
Aggreko sinks into the red after taking £181mln of impairment charges
The board considered the impact of the COVID-19 pandemic, the lower oil price and the acceleration in the transition to lower-carbon technologies when writing down the value of its assets
Aggreko suspends divi and rescinds full-year guidance
The company's recently issued guidance for 2020 has been thrown out of the window but it is pretty sure it won't go bust this year
Aggreko “closely monitoring” coronavirus impacts as it prepares for Tokyo 2020 Olympics, results confirm boost to profitability
Preparations are underway for the Tokyo 2020 Olympics, slated to start 24 July, though media reports suggest the games could be under threat due to coronavirus.
Investors warm to Aggreko as it retains guidance despite revenue declines
The heating and cooling equipment provider said full-year earnings were expected to be “in line" despite two of its three segments reporting a fall in revenue for the first three quarters
Aggreko climbs on Credit Suisse upgrade to ‘outperform’
The upgrade was underpinned by a US$200mln supply contract awarded by the Tokyo 2020 Olympic games
Investments and investor services
FTSE 100 closes lower but BP top gainer after Q2 results beat expectations
The FTSE 100 index closed 39.84 points lower on the day at 7,646, while the midcap FTSE 250 index plunged almost 112 points to close at 19,774
Aggreko on the front foot as 2018 results beat its expectations
The group said the outlook for 2019 is in line with market forecasts
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FTSE 100 closes up while European indices fall despite talk of new ECB lending
Footsie closed at 7,196 - up 12.57 points, while FTSE 250 finished in the red - down around 83 at 198,359
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Legal & General to see new chief exec hog spotlight on Wednesday
While the insurer is scheduled to report its finals, the figures may be overshadowed by the new head of its investment management arm Michelle Scrimgeor
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Insurance will be the corporate key in coming week, though US jobs data should be biggest draw
The Week Ahead brings updates from the likes of Aviva, Direct Line, L&G and Admiral, while investors can also bet on Paddy Power Betfair and GVC Holdings