Company
Bodycote Group
LON:BOY
Bodycote Group is a leading supplier of specialist testing and thermal processing services – a vital provider of heat treatments, hot isostatic pressing, metallurgical coatings and testing services.
72 stories
Bodycote sees full year in line after strong revenue growth in third quarter
The company said its use of surcharges to cover the highly volatile gas and electricity prices "has proven to be successful"
Bodycote's revenue increases even with material shortages
The company said volatility in demand driven by material shortages has more than offset the positive impact of the incremental restructuring benefits
Bodycote says outlook positive as profits grow over 30% though cost pressures persist
Higher energy and labour costs negatively impacted profitability in the final quarter of 2021
Bodycote says aerospace markets are still under a cloud
It was undoubtedly a tough year for the engineer, which counts the hard-hit aerospace sector as one of its key markets
Bodycote declares dividend as it cuts more than 1,000 staff
The group has so far this year spent £25.1mln on an interim dividend and around £4mln on its restructuring programme
Berenberg gives five shares to buy for recovery, and 10 more 'all weather winners'
The analysts said destocking trends are likely to continue in the third quarter before a stronger fourth quarter and a “much improved” run rate heading into next year
Bodycote axes 700 as auto and aerospace business hit by coronavirus
Organic revenue was down 13% in the first four months of the year, with April down 30%
Bodycote and IMI upgraded as Liberum stress-tests industrials for 2009-style earnings drop
The broker also cut its target price for Weir, saying the engineering firm had "the weakest balance sheet" among their covered companies
Bodycote, Melrose and Rotork tap into industrial mega-trends, says Peel Hunt
The broker upgraded Ultra Electronics and Diploma, and initiated coverage of Gooch & Housego, Aston Martin Lagonda and Elementis
Bodycote knocked by RBC Capital downgrade to ‘sector perform’ from ‘outperform’ on valuation grounds
“Bodycote also has had the best share price performance in our coverage in the last 3 months (+40% vs European Industrials +20%) and as such we see a reduced level of upside and reduce our rating”
Bodycote delivers a Christmas Eve expansion, with US$200mln acquisition of Ellison Surface Technologies
The FTSE 250-listed engineer said North America-based Ellison, is highly complementary to its existing Surface Technology business
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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
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Day ahead preview: Unilever, National Express, Diageo, ECB
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
Peel Hunt likes industrials but wary of some 'nosebleed' valuations for Diploma and Spirax-Sarco
The flight to safety in 2019 has pushed the share price premium for a handful of UK industrial stocks to "nose-bleed multiples" not seen since the financial crisis, the broker said
Hardware & electrical equipment
Bodycote reiterates full-year guidance after mixed start to the year
Group revenue for the first four months of 2019 was £245mln, 1% higher year-on-year (flat at constant currency).
Bodycote weak as Berenberg cuts to ‘hold’ from ‘buy’, seeks “better entry point”
Berenberg analysts "said the heat treatment industry is, by its very nature, cyclical, and while Bodycote has become more insulated from a macroeconomic slowdown, it is not immune”
Bodycote declares special dividend as 2018 profit rises 12%
"While we are conscious of the global macro-economic backdrop, we have entered 2019 well positioned and at this early point in the year, our expectations for 2019 remain unchanged,” said chief executive Stephen Harris
Investments and investor services
FTSE 100 closes in the red as global growth concerns weigh heavily
Footsie finished down around 53 points at 7,104. On the week as a whole, it shed around 0.028%
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US January jobs data eyed for any impact from US/China trade tensions, government shut-down
December’s US jobs data showed the unemployment rate tick up slightly to 4%, while slower hourly earnings growth raised some eyebrows even though over 300,000 jobs were created
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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
Bodycote downgraded by UBS on fears over prolonged auto and industrials weakness
The aero and auto engineer could continue to be impacted by weakness in the auto and industrials sector, according to UBS analysts
RBC Capital ups Melrose to Top Pick in major review of UK engineering sector
In a note to clients, the Canadian bank’s analysts concluded: “We do not expect a major downturn, but even if there is one the recent sector sell-off has priced in a recession for many names in our coverage group”
Bodycote and IMI downgraded by Liberum as broker forecasts “sharp correction” in Capital Goods sector
In its sector valuation, the broker said that its ECI had fallen from a peak above 1.2 to below 1.1, an indicator it said was “a key sector sell signal”
Equiniti shares jump as it expects full-year earnings to reach top end of market forecasts
Equiniti said revenues were boosted by contract renewals and new client wins
Bodycote Group confident about full year after strong interims
Interim revenues rose by 6.4% to £368mln, underpinned by the core rust proofing and galvanising operations
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
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Apres moi le deluge: Flood of blue chip results to dominate in coming week, including BT Group
Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
Bodycote shares jump as it expects annual revenue and profit ahead of consensus
In a trading update the FTSE 250-listed company said its revenue for the four months ended 30 April 2018 was £243mln, 7% higher than a year ago
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FTSE 100 has late flurry to close firmly higher
The UK blue-chip index had a surge near the close of play and added nearly 57 points
Bodycote wins 15-year aeroengine contract from Rolls-Royce
The contract is worth more £160mln and covers treatment of blades for the Trent XWB, Trent 1000, Trent 7000, Trent 700 and Trent 900 engines
Bodycote pays out special dividend after an almost perfect year
Profits climbed 27% to £117mln on revenue of £690mln on helpful currency movements, new car and plane contracts alongside growth in emerging markets
FTSE 100 closes 30 points ahead as Dow Jones turns negative
The UK premier index added 0.43% on the day, while FTSE 250 added over 123 points at 19,690.
Investments and investor services
Ashtead set for Hurricanes and tax cuts boost
Ashtead Group and JustEat are expected to be among the highlight names in Tuesday's agenda.
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Investors set to tuck into tasty results from Domino's Pizza and Just Eat
The week ahead sees earnings from Domino's Pizza, Just Eat, Restaurant Group, Legal & General, G4S, Rolls-Royce, Ashtead and Immarsat
Bodycote to provide manufacturing services for aerospace technology group Safran
Bodycote's global network will support the agreement, operating initially from strategically located facilities in France and Belgium
Bodycote reports jump in third-quarter revenue, reaffirms full year outlook
The FTSE 250-listed provider of heat treatment and specialist thermal processing services posted a 16.6% rise in group revenue of £169mln, or up 12.9% at constant currency
Bodycote rallies as it sees full year profits at top end of market forecasts
Bodycote posted an 18.8% increase in first half revenue as its general industrial business returned to growth after three years of declines
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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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Primark to keep the ball rolling nicely at Associated British Foods
Week ahead; Associated British Foods , Sky , Unilever Burberry, Reckitt Benckiser...
Liberum Capital expects UK industrial stocks to “grind higher” helped by global demand, higher pricing
The broker's analysts have revised their estimates across the sector, taking them to 6% above consensus, and have raised price targets for all the stocks they cover
FTSE 100 shares tip higher, engineers in vogue ahead of Trump card
FTSE 100 stocks ended on a high on Tuesday after rangebound trading for much of the session, with engineers leading light gains
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Day ahead: Trump's first speech to Congress key as tax plan news sought
Rather than give the annual State of the Union address, Trump is instead going to give a speech to both parts of Congress - the Senate and the House of Representatives – which is quite normal for first-year presidents.
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Week ahead: ITV set to broadcast results as quantity set to rule over quality
Having seen the big drugs, oils, and banking sectors dominate over the past few weeks, investors will have less FTSE 100 results to digest in the coming week.
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FDA's ZS-9 ruling just a "bump in the road" for AstraZeneca
News from drugs giant Astra this morning was like the proverbial curate’s egg: good in parts.
Bodycote’s revenues cool, but expectations remain unchanged
The heat treatment services provider saw revenues fall at the start of 2016, although the board is confident it will still meet its full year expectations
PREVIEW - Calling all rate watchers as Fed's Yellen set to make speech
Particularly of note of course is any clue on when interest rates may rise in the US
Week Ahead: Banking season arrives
It's a heavy week for trading updates, with the banks to the fore
FTSE100 eases; Glaxo buys HIV assets
The FTSE100 lost around 36 points to 6,605 by lunch after three consecutive days of gains.
Investments and investor services
FTSE100 pares early losses as miners rise
The UK’s main market looks set to end the week around 2.5% higher
Bodycote ticks higher despite revenue dip
Energy related income tumbled by 41%, though civil aircraft demand picked up.
Investments and investor services
Risers & Fallers: React Group, WS Atkins, Oilex, Carclo, Ferrex and Anglo American
Below are the main news-driven share price movements at 4pm.
Investments and investor services
London market rides crest of corporate results wave
Shares rise modestly as blue-chips flood market with updates
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Thursday's agenda - More big cap results, including Rolls and BT
More results today on offer with some more big caps showing how much they are contributing to the UK's current growth trajectory. Lets start with a British stalwart - engineer Rolls Royce which posts second quarter earnings. It's been a tor
Investments and investor services
Week Ahead: Big oil and the banks to dominate
No shortage of big names reporting this week, including the state-controlled lenders Lloyds and RBS, plus integrated oil giants BP and Shell