Company
Aggreko
LON:AGK
Aggreko plc is the global leader in the rental of power, temperature control and oil-free compressed air systems.
100 stories
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
Aggreko runs out of steam as City broker slashes outlook given ‘significant concerns’
Peel Hunt thinks the “fragile” global economy could knock demand for Aggreko’s generators while growing competition and a troubled utility business add to their concerns
Aggreko wins US$200mln 2020 Tokyo Olympics power contract
The temporary power provider said the contract win reinforces Aggreko's confidence in its ability to achieve its mid-teens ROCE target in 2020
UK oilfield service providers hit by Schlumberger’s US fracking market warning
The North American fracking market has been under fire for a few months now, with oil prices plunging, pipelines maxed-out and exploration budgets exhausted
Aggreko weak as Barclays cuts rating to ‘equal-weight’ from ‘overweight’, thinks stock now looks fairly valued
Barclays analysts said: “As the valuation has recovered from what we considered excessively depressed levels earlier in the year we now believe it fairly reflects the opportunities and risks”
Aggreko reports trading in line with expectations as Winter Olympics and Ryder Cup lift revenues
The FTSE 250 group, which rents out power, temperature control, and compressed air systems, said underlying group revenue for the period was up 11% on last year
Investments and investor services
FTSE 100 flatlines at close as sterling gains on Brexit optimism
The UK blue-chip benchmark closed up 0.68 at 7,053, while the FTSE 250 added over 174 points at 18,985
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Taylor Wimpey and Vodafone to lead the way on a busy Tuesday in the City
The City diary is filled to the brim, with updates expected from Taylor Wimpey, McCarthy & Stone, Vodafone, Premier Foods, Experian and many more
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Housebuilders to take centre stage again after Persimmon boss drama
The week ahead includes trading updates from Bovis Homes and Taylor Wimpey, full year results from McCarthy & Stone, interims from Royal Mail, Vodafone and Premier Foods along with a batch of UK data
Aggreko shares jump as HSBC upgrades the stock to 'buy'
HSBC upgraded Aggreko to ‘buy’ from ‘hold’ and raised its target price to 1,050p from 740p.
Tekcapital shares edge higher as portfolio company names new chief executive
A look at some of the top risers and fallers in London today
Aggreko confident on hitting full-year numbers after "encouraging" first half
The company is currently in the midst of a turnaround programme that will see £50mln extracted from its cost base
Investments and investor services
FTSE 100 closes firmly lower as miners lag and attention turns to BoE rate decision
The Footsie closed Wednesday almost 96 points lower at 7,652.
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Financial sector to hold most attention as Fed rate decision looms
The Fed rate decision is expected to come and go with little drama on Wednesday, with the decision from the Bank of England on Thursday more likely to cause upheaval
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Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Aggreko and Capita shares fall on Liberum initiation
Liberum initiated on Aggreko with a ‘sell’ rating and initiated on Capita with a ‘buy’ rating
Archive
Where's the video-assisted referee system when you need it?
A long overdue revisiting of the "Dividends don't lie" stock-picking formula highlights an unwise dalliance with a company whose dividends had stopped growing
Aggreko shares drop as outlook for 2018 disappoints
Profits for the current year are expected to be 'in line' with 2017, which means they'll be below what the market had been expecting
Aggreko reveals financial results in line with expectations, dividend maintained
Chief executive Chris Weston pointed to strong performances in Aggreko’s rental and industrial power solutions businesses but acknowledged that the power solutions utility division held back group performance
FTSE 100 caps comeback week with 60 point rise; FCA gives MPs full report into RBS GRG unit
The blue-chip index rose more than 200 points on the week, bouncing back from the recent shake-out
Bombed out shares, dogs, dividends and Piers Morgan - John Harrington's Stockpot review
The Stockpot column was inaugurated to act as a laboratory for investment ideas, and like a lot of lab experiments, some things went horribly wrong
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2017 review: A watched Stockpot sometimes boils
A look back at the performance of the Stockpot Portfolios in 2017
Investments and investor services
Webis Holdings, Billby both leap after posting a return to profit
A look at some of the biggest risers and fallers in the London market today
Aggreko tumbles on Argentina and slow payment concerns
Payment remains a problem,particularly in Africa where liquidity remains a challenge.
FTSE 100 closes slightly higher as European stocks end in positive territory despite German political uncertainty
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
Power plant now fully installed at Hummingbird’s Yanfolila gold mine
Aggreko has installed the 7.4MW facility which will power the on-site processing plant at Yanfolila
Berenberg pulls plug on Aggreko, downgrading shares to 'sell' from 'hold'
The German investment bank Berenberg believes investors are getting carried away about the prospects for the temporary generators specialist
Small caps blur Group and Aminex both big gainers on management changes
A look at some of the biggest risers and faller in London today ...
Aggreko's first-half profits fall on Argentina legacy contracts pricing, but guidance unchanged
The FTSE 250-listed firm reported a pretax profit before exceptional items of £63mln for the six months to June 30, down from £71mln a year earlier
FTSE 100 closes in the red as UK construction data disappoints
The UK blue chip index Around 12 points lower at 7,411 well above the day’s low of 7,388.92
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William Hill looking to upset the odds
It's not quite 'Super Thursday' but definitely a busy day with heavyweights BAE, Standard Chartered, Travis Perkins and Vedanta among those reporting
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Banks to dominate another busy earnings week, including numbers from HSBC and RBS
Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
Archive
Aggreko and UNITE Group make it to the podium for "Dividends don't lie" portfolio
Aberdeen Asset Management heads for the exit, but Aggreko and UNITE have emerged as worthy replacements
Morgan Stanley pulls plug on temporary power provider Aggreko, downgrading its rating to ‘underweight’
In a note to clients, the US bank’s analysts said: “We view Aggreko as a challenged business with a strong management team”
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BHP Billiton and banks dominate big week for blue chips
Week ahead: Huge for blue chip announcements with four high street banks, the UK’s two pharma giants, mining titans Anglo and BHP and restaurant to coffee chain Whitbread just a few of those updating.
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Day ahead: Debenhams, Unilever and Sky results in focus
Debenhams, Unilever and Sky are set to take centre stage with their latest results on Thursday
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Dividends don't lie revisited: two new ingredients for the pot but RPS is removed
It is still early days for the Dividends Don't Lie experiment but already one is heading for the exit and two more are asking to be let in.
Archive
Primark to keep the ball rolling nicely at Associated British Foods
Week ahead; Associated British Foods , Sky , Unilever Burberry, Reckitt Benckiser...
Aggreko's shares slump as 2016 profits drop, and it warns 2017 results will be even lower
The temporary power provider saw its post-exceptional pretax profits fall by 24% to £172mln, down from £226mln, with pre-exceptional profits still down 12%
Fast Forward Innovations higher on marijuana buy
Main share price rises and falls at 3.15pm: FastForward, Rose Petroleum, Aggreko
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FTSE shares fall ahead of Budget, as Paddy Power Betfair slumps
FTSE 100 shares end lower on Tuesday ahead of the Spring Budget speech on Wednesday and as Paddy Power Betfair shares slump
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Discount rate change has probably put paid to hopes for special divi from Direct Line
Before the Lord Chancellor stuck her oar in, Direct Line had hinted another special divi might be unveiled at the time of the full-year results
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Limited wiggle in the Budget for Hammond
The Chancellor of the Exchequer may have a lower debt burden to deal with than he was expecting at the time of the Autumn Statement but he is unlikely to splurge
FTSE 100 shares fall after Trump’s travel ban order
FTSE 100 shares ended lower on Monday, following falls in Asia and Europe after President Donald Trump's decision to impose a travel ban on seven Muslim-majority countries
Aggreko to power-up next Winter Olympics
Aggreko recently announced it would be providing the power for the 2018 Gold Coast Commonwealth Games in Australia, and now it has bagged next year's Winter Olympics
FTSE stocks led higher towards 7000 by banks, but miners reel from Fed rate hike
FTSE 100 stocks closed higher on Thursday, just shy of the 7000 mark, but the theme of the session was all about weaker sterling in the wake of the US interest rate hike overnight
Ophir Energy to ‘outperform’ thanks to Schlumberger’s addition to Fortuna
Ophir Energy, Aggreko, Speedy Hire and Majestic Wines were among those in Thursday's broker spotlight.
Barratt Developments: still not feeling any Brexit effect?
Another day, another house builder reporting on living the life of Riley in this prolonged low interest rate environment
Week Ahead: Royal Mail needs to deliver pre-Christmas surprise
Elsewhere, Crest Nicholson, Barratt Developments, easyJet, Vodafone, TalkTalk and others will all report to the market in one form or another
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Apple supplier Laird downgraded by JP Morgan Cazenove
A look at some early analyst views in the City
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Goldman Sachs says sell Tesco; Morgan Stanley more bearish on Centrica
“Our key concern is that cash generation does not support [the] valuation,” the Wall Street investment bank said.
Broker slashes Capita target due to Brexit concerns
Capita has already issued a major profit warning but more pain may be on its way said the broker.
UK shares end softer as energy stocks lick wounds of regulator’s price cap plan
London shares closed softer on Wednesday after energy stocks absorbed news that regulators plan a price cap – knocking sideways the benefit of a surge in banking stocks
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Footsie dips ahead of expected downbeat Wall Street opening
The FTSE 100 Index extended losses to stand 13.36 points adrift at 6632.04
Aggreko shares drop after profits take US hit
Generator hire group said a downturn caused by lower oil prices was affecting a number of its markets
Investments and investor services
Risers & Fallers: Acorn Minerals, LivaNova, Thor ...
Investors have subscribed for 16.5mln Acorn Minerals shares at 15p a pop, raising the company £2.48mln. Shares rose to 13.25p.
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GlaxoSmithKline given a shot in the arm by Jefferies
Jefrey Holford, analyst, believes that the group's 4.9% dividend yield is becoming increasingly well covered..
PREVIEW; GameAccount Network needs more landmark deals
Other companies reporting include Lloyds Banking, Taylor Wimpey and WPP
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Aggreko PLC downgraded to sell by UBS
New partners for the renewable power group’s tidal projects, offshore Scotland, bring both credibility and cash to the venture, says Peel Hunt which upgraded the AIM share to ‘buy’.
Risers and Fallers: Cranswick brings home the bacon with chicken buy
Major share price risers and fallers in London at 3.45pm
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Aggreko PLC a bit of a switch-off for Deutsche
Temporary power giant Aggreko PLC is a turn-off for heavyweight Deutsche....
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Aggreko shares a switch-off, reckons Jefferies
The end markets for temporary power giant Aggreko (LON:AGK) remain in dire straits, reckons US heavyweight broker Jefferies.
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Possible subsidy boon for Drax undermined by energy prices
Drax, Dixon Carphone, Aggreko and VP were among the companies in the broker spotlight on Wednesday.
Most followed: Aggreko, Caparo, IMIC, Serco, steel..
Tragic news with the apparent suicide of Angad Paul, boss of the beleaguered steel company Caparo.
Risers & Fallers: Lonmin, Aggreko, Atlantic Coal, Serco, Mobile Streams and Motive Television
Below are the main news-driven share price movements at 4pm.
Week Ahead: TalkTalk has some explaining to do
There are bigger companies reporting this week, such as Sainsbury's, Prudential, SABMiller and Rolls-Royce, but few will command as much coverage as TalkTalk,
Liberum sees further downside potential at Antofagasta
Copper giant Antofagasta is honed in on by Liberum, which repeated a 'sell' stance on the mining share
Aggreko’s ‘turnaround’ splits City opinions
Aggreko, Rio Tinto, and Britvic feature in Friday's broker spotlight
Investments and investor services
Risers & Fallers: ECR Minerals, Old Mutual, Premier Oil, Teathers Financial and more...
Old Mutual was higher after its first half results.
Investments and investor services
Thursday's agenda: Super Thursday as BoE embraces change
The Bank of England has fallen into line with many other central banks by holding a press conference following the announcement of its interest rate decision.
Investments and investor services
Week Ahead: HSBC - one last time before exiting stage right?
HSBC and Standard Chartered are often bracketed together because of their focus on Asian markets, and they continue their double-act this week.
Investments and investor services
Oil majors drag on shares as crude prices flounder
Falling gold prices are taking the shine off miners
Oil industry downturn hits profits at Aggreko
Power generator firm blames Yemen unrest and lower oil prices
Investments and investor services
Markets dip on lacklustre European economic data
Pace of eurozone economic growth slowed slightly in July
Investments and investor services
Risers & Fallers including Mosman Oil, Vodafone, Ladbrokes, Snacktime, Gaming Realm and more
Mosman Oil's shares rocketed as it said it is the preferred buyer of a company that would be a "transformational" acquisition.
Archive
Thursday's most followed - Inmarsat, Fifa, Horse Hill, 88 Energy and Greece
Greece (what a surprise), Horse Hill, Inmarsat and the ongoing Fifa drama were popular themes in webworld. The deadline is almost upon Greece as it owes £220mln to the IMF tomorrow (Friday) but that doesn't appear to be bothering the newly