Company
Chemring Group
LON:CHG
Chemring is the world’s leading producer of expendable decoy countermeasures for protecting air, sea and land platforms against guided missile threats.
80 stories
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Chemring's order book strength underpins confidence in future trading
Expected full-year 2022 revenues are fully covered by the order book which has risen to £678mln at the end of September from £488mln at the end of April
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Chemring case closed by Serious Fraud Office
The evidence in the case “did not meet the test for prosecution as defined in the Code for Crown Prosecutors”, the SFO said
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Chemring investors unimpressed by 19% dividend hike and maintained guidance
Cost inflation from utility bills, discretionary investment and adverse US order timing are expected to offset current currency tailwinds
QinetiQ still preferred to Chemring by Jefferies
The broker has raised its price targets for both defence companies
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Chemring lifts dividend 23% as profits rise despite forex headwinds
The defence and security group said its performance for the year to 31 October 2021 was in line with its predictions and that its expectations for the current year are unchanged
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Chemring price target lifted by Peel Hunt after "in line" trading update
Should we believe a decoys specialist when it says order visibility for next year is building?
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Chemring snaps up AI and machine learning firms to bolster Roke business
The aerospace and defence technology firm has agreed to acquire Cubica Technology, a Woking-based R&D firm specialising in AI and machine learning, and Q6 Holdings, the majority shareholder in online child exploitation image detection speci
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Chemring boosted by Barclays upgrade to 'overweight' as purest-play Cyber exposure in its UK defence coverage
The analysts raised their price target for Chemring to 380p from 250p, with the shares currently trading at 308p
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Chemring Group shoots to seven-year high after strong results
“Trading since the start of the current financial year has been in line with expectations,” CEO Michael Ord said
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Chemring raises expectations as it bags some new contracts
The defence company managed to get some contracts over the line just before the financial year ended
Chemring shares boosted as it sees 2020 profits at upper end of forecasts
"This has been a busy period in which the resilience of the group has been demonstrated," said Michael Ord.
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Chemring downgraded to ‘equal weight’ by Barclays following rally
The bank also said in the second half of the year the US election cycle was “likely to dominate news flow”, and that stocks in the sector usually underperformed due to the political uncertainty around American defence spending
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Chemring soars as first half beats expectations
The defence and security firm also announced an interim dividend of 1.3p, 8% higher than the prior year, alongside a triple-digit profit increase
Chemring commits to dividend as operations remain firing amid coronavirus
The defence and security group’s factories have been designated as critical to national security in the UK, US and Norway and so exempt from the coronavirus lockdown
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Chemring reiterates outlook as order intake rises
The firm was seeing “growing demand” for its sensors & information services while its UK countermeasures & energetics facility was ramping up following a restart last year
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Chemring Group says 2019 was slightly ahead of expectations
The company completed multiple divestments, implemented significant change and repositioned the business.
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FTSE 100 finishes higher as markets boosted by Boris Johnson effect and China story
Britain's blue chip index finished up over 165 points higher, or 2.25%, at 7,519 on the day
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Chemring to boost profits with US defence department contract
The defence group will supply 75 more units of its specially designed chemical agent detector, after a successful design review earlier this month
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Chemring “fairly valued” following recent rally, says Berenberg
In a note, the German bank said shares in the firm were the “best performing” in the pan-European aerospace and defence sector
Investments and investor services
FTSE 100 closes near flat as US ADP jobs report shakes confidence
The UK blue-chip share index finished up around four points at 7,218
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Mid-caps to dominate corporate news on Wednesday as FTSE reshuffle day arrives
Budget airline easyJet is expected to exit the FTSE 100 index after the latest quarterly review, while JD Sports is seen taking its place among the blue-chips
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US jobs data, ECB policy decision to make for up meagre flow of corporate news in coming week
Asides from the macro news, the Week Ahead also brings the latest quarterly FTSE indexes reshuffle, a strategy update from insurer Aviva, and results from Auto Trader
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Chemring celebrates early insurance pay-out and two significant contract wins
The board's full-year expectations for 2019 are unchanged but results will be less second-half weighted than previously expected
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Chemring gets shot of discontinued Chemring Military Products unit
The business sold by Chemring procures and supplies ammunition and weapons systems. It is, of course, based in the USA
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Chemring now expects to make 85% of its profits in the second half
The flare maker kept its full-year guidance in place, but its statement, which essentially amounted to a first-half profit warning, spooked investors
Investments and investor services
FTSE 100 finishes lower as uncertainty continues to be the watchword
The UK's premier share index finished down over 27 points at 6,834
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Whatever the UK government no-confidence vote outcome, investors will have plenty to chew over on Thursday
The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
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Chemring now sees £15mln hit from Salisbury factory explosion
The decoy flares maker had previously said the damage from the blast and the subsequent shutting down of the facility would hit profits by between £10-20mln
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Chemring expects explosion at Salisbury facility to impact current year profit by up to £20mln
The defence contractor said the explosion, which left one person dead and another badly injured, has caused damage to parts of the factory's manufacturing operations and production is currently suspended
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Chemring Group shares up as Barclays upgrades rating to ‘overweight’
Barclays has also increased its price target to 266p
LPA Group, Zenith Energy and Akers Biosciences among small cap highlights
A look at some of the biggest risers and fallers in London.
Hardware & electrical equipment
Chemring Group surges on back of improved showing from its Countermeasures division
"In light of strong order book cover and improved performance, the board's outlook for FY 2018 remains positive, with expectations unchanged. As previously highlighted, we expect a stronger contribution from Countermeasures and scheduled re
Investments and investor services
FTSE 100 closes in red as speculation swirls on August rate rise
The rise in sterling hit the dollar- earning constituents of the FTSE 100
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Dixons Carphone to report slump in profits, Bank of England to stand pat on rates
Markets are pricing in a 3% chance that the Bank of England will raise interest rates, making it "about half as likely as England winning the World Cup", said Hargreaves Lansdown
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Dixons Carphone has already had a kicking so investors will be hoping full-year numbers provide some relief
The Week Ahead also includes updates from blue chips Ashtead Group and Ferguson, plus mid-cap housebuilder Berkley Group, and the latest Bank of England interest rate decision
Hardware & electrical equipment
No defence: Ultra Electronics downed as Berenberg and JPMorgan Cazenove cut targets
Berenberg cut its target for the defence contractor to 1,300p from 1,550p and reiterated a ‘sell’ rating on the stock, noting a recent rally by the shares
Carillion's new boss to start earlier to lead turnaround of troubled contractor
Andrew Davies will join Carillion as its new boss in January
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Chemring continues recovery after tough 2016, with first-half losses reduced as revenues grew strongly
The firm reported a statutory loss before tax of £6.8mln, an improvement on the £16.8mln loss at the same stage last year, while its underlying profits rose to £17.2mlm, up from £3.8mln.
Safestore latest firm to bow to shareholder pressure and scrap AGM move to hike directors' pay
The firm’s chairman, Alan Lewis said: “While we have received considerable support from shareholders on the proposed structure it is clear that for others concerns remain"
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Chemring withdraws AGM plan for changes to directors pay, says year has "started positively"
Chemring’s chairman Carl-Peter Forster said: "We have been actively engaging with shareholders regarding long-term incentives for some time and, while we received majority support for the proposed revised approach, the Board believes that t
World and Trump are re-arming, so buy defence shares says Liberum
The broker sees rising defence spending for a decade
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It could all be about to happen in Ghana's Tano Basin but it is looking a bit drab at Debenhams
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payment processing firm had some long overdue good news, saying first quarter sales were strong and in line with expectations.
Most followed: Chemring Group Plc, 88 Energy Ltd, and Caza Oil & Gas Inc
A deal to supply 40mm ammunition to a customer in the Middle East had now been giving the go ahead, and Chemring share shot higher.
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Some of the major share price risers and fallers in London on Monday
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The main share price movers in London today at 9.45am
London's shares slip further at lunch
Data did little to entice investors into buying, with third quarter GDP figures growing by only 0.5%.
Investments and investor services
Risers & Fallers: African Potash, DS Smith, Dialight, InternetQ and Telford Homes
Below are the main news-driven share price movements at 4.15pm.
Investments and investor services
FTSE100 opens lower despite BP gains
Early deals were dominated by corporate news, with BP reporting a US$1.8bn profit for the third quarter.
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Chemring hit by loan warning and rights issue
The £100mln order was expected to contribute this year, but has been pushed back to 2016.
Investments and investor services
Broker Spotlight – Next, Rightmove, Zoopla, Monitise, Meggitt, Seeing Machines...
Barclays Capital lifts its price target to 9000p for Next
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Chemring dives into red in H1 but forecasts second half fightback
Flare maker says prolonged talks with Middle East countries delayed orders