Company
Elementis plc
LON:ELM
Elementis plc is a specialty chemicals company comprising three businesses: Specialty Products, Surfactants and Chromium. Elementis Specialties is a manufacturer of specialty additives.
75 stories
Elementis back in play on reports of bid approach from Innospec
Sky’s sources suggested that a cash plus shares offer worth more than 200p a share is on the table.
Elementis rejects improved offer from US group Minerals Technologies
Minerals Technologies said it is “currently considering its position” but “there can be no certainty that any firm offer will be made”
Elementis jumps as it rejects takeover approach from US firm Minerals Technologies
The chemicals firm said the 107p per share cash offer, originally proposed on November 5, "significantly undervalued" its prospects
Elementis slips as coronavirus pandemic continues to weigh on trading
For the three months to September 30, 2020, the chemicals firm said volumes in the period were down 13% year-on-year, with declines in its personal care, talc, chromium and energy divisions offsetting an in-line performance from its coating
Elementis extends borrowings leeway as trading remains uncertain
Net debt at the half-year was US$453mln, but Elementis said today that number was expected to reduce significantly over the second half of 2020
Elementis a ‘buy’ again for Jefferies over debt reduction prospects
The investment bank's analysts were surprised by the harsh share price reaction after recent better than feared interim results
Elementis sales tumble 15% in April after solid first quarter
The company's 22 sites continue to “operate well” with no shortage of raw materials
Elementis suspends dividend as precaution even though trading on track
Current liquidity is US$300m, Elementis said, which is immediately available while net debt at the end of December was US$454mln.
Elementis financial results note “strategic progress” amid challenging markets
It comes after January's profit warning, triggered by deterioration in two "cyclically exposed" business units.
Elementis warns on profits after ‘somewhat subdued’ trading
Chromium outside of the US has been particularly weak, while rig usage has dropped by 25 in the US
Elementis eyes better talc performance in second half
While the talc business is expected to improve in the second half, chromium will remain “broadly in line” with the first half and energy will decline “significantly”
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
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Greggs on a roll after vegan success but can it keep up the momentum?
Greggs, Reckitt Benckiser and Provident Financial are among the companies reporting results on Tuesday
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Week ahead preview: Lloyds, Barclays, RBS, BT Group, BoE and US Fed
It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Elementis warns on 2019 performance amid “challenging” macroeconomic conditions
“Reflecting broader macroeconomic trends, global market conditions remain challenging, particularly in Coatings. Elementis anticipates further progress in 2019, albeit slightly below expectations”
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FTSE 100 closes in red as China manufacturing data sends chill
The UK's premier share index shed over 22 points at 7,418, while the FTSE 250 shed over 86 points at 19,824
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Impressive first quarter performance needed from oil giant BP after recent share price rally
The Day Ahead also brings updates from the likes of blue-chip lender Standard Chartered, Premier Inn owner Whitbread and pubs group Greene King
Elementis to “rapidly deleverage” as net debt surges after Mondo acquisition
Elementis had to negotiate a US$100mln discount with Mondo Minerals’ bosses last summer after shareholders balked at the original offer
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Direct Line to report higher 2018 profits despite large weather-related claims
The day ahead includes full year results from Direct Line and GVC along with a trading update from Ashtead
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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
The FTSE 100 survivors and thrivers: Who has stayed on top among the blue-chips?
Since its foundation in 1984, the FTSE 100 has become one of the key barometers of the British economy, however the makeup of its constituent companies is far from the same
Elementis to focus on higher margin growth opportunities after robust third quarter
The chemicals group said its recent acquisition of Mondo Minerals represented “a material new growth opportunity” and that the business was experiencing good momentum going into 2019
Elementis confirms Hurricane Florence impact, North Carolina Chromium facility temporarily shutdown
The facility is expected to come back online at some point in October, and, the impact on group earnings is said to be 'modest'
Elementis cuts up-front price of Mondo Minerals acquisition by US$100mln after investor unrest
The FTSE 250-listed firm said it will now buy the business for US$500m on a cash free, debt free basis, down from the US$600m originally agreed
FTSE 100 closes in the red as miners weigh and wage growth disappoints
The blue-chip index of leading shares closed down almost 31 points at 7,611
Elementis's talcs deal causes a bit of friction
The Personal Care division's revenue was up 45% year-on-year. Coatings revenue was up 5%. The Energy division's revenue was down 8% and the Chromium division's revenue was down 5%
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BP may have already given a results spoiler, but there will be plenty else to digest on Tuesday
Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
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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
Elementis in big acquisition of Dutch producer of talc additives
Mondo Mineralss has a business model that mirrors Elementis's hectorite operations
Elementis shares rise as chemicals firm reports ‘solid’ start to the year
In a trading update, the chemicals company's CEO, Paul Waterman, said "we are confident of delivering continued progress in 2018, in line with our previous expectations”
Investments and investor services
FTSE 100 closes above 7,420 but gains capped by fall in Shell, US trade deficit in goods drops
Imports in the period fell 2.1%, while exports increased 2.4%
Shire takeover talk will overshadow results after Takeda upped the ante
Takeda on Wednesday increased its offer for Shire up to £46bn or £49 per share.
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Lloyds, Barclays, RBS, GSK and Shire kick off earnings season for banks and pharmas
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
FTSE 100 ends the week on a firm note
The blue-chip index finished the day above the 7,500 level
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RBS to wrap up week of banking results on Friday
Aside from RBS, third quarter updates from British Airways-owner IAG and drugmaker Shire are also due
Lloyds, Barclays and RBS under the microscope with release of third quarter earnings
The week ahead includes third quarter earnings from Lloyds, Barclays and RBS along with trading updates from Shire, IAG and GSK
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Centrica and BP to put some energy into the start of August
British Gas owner Centrica and BP are among the blue-chip names in Tuesday’s City agenda.
FTSE 100 closes higher but Whitbread shares lose 7%
The FTSE 100 closed 10.96 up at 7,275 but Whitbread shares slumped
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Day ahead: Whitbread expected to see profits and revenues froth higher
Strong performances in its Costa Coffee and Premier Inn chains are expected to have helped to offset softer trading in Whitbread’s restaurant arm
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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.
Currency factors knock profits at chemicals firm Elementis, but special dividend hiked
The group saw its pre-tax profit drop to US$89.7mln for the year to December 31, down from US$115.2mln in 2015, although its revenues rose to US$659.5mln.
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Can ITV’s financial results beat cautious expectations?
Blue-chips ITV Plc (LON:ITV), Admiral Group Plc (LON:ADM), and Man Group Plc (LON:EMG) are all in the diary with final results on Wednesday.
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.
No sweat as Elementis nabs anti-perspirant group
Some of the big risers and fallers at 2pm: Elementis, Boxhill Technologies, Billington, Electrocomponents
FTSE 100 ends up, miners buoyed by China, UK companies buy US firms
FTSE 100 shares closed higher on Friday, led by miners buoyed by strong trade data from China while several UK companies were snapping up US stocks in a role reversal from that seen in the days after the June Brexit poll when UK companies w
Broker comment weighs on specialty chemicals company Elementis
Elementis shares fell nearly 4% after German bank Berenberg cut its rating to ‘hold’ from ‘buy’, with the downgrade largely made on a valuation basis.
FTSE 100 stocks recover altitude thanks to airline owner IAG
FTSE 100 stocks dug themselves out of a hole and closed Friday higher - within a whisker of reclaiming the 7,000 level
Lloyds Banking and RBS to give post-Brexit vote updates
Britain's banks had enough on their plates already, but the Brexit vote made things more complicated still
Investments and investor services
Liberum says accept ‘attractive’ offer for Poundland
“The cash offer of 222p is highly attractive and we would advise shareholders to accept.”
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Brokers: BAE Systems knocked by downgrade
Small caps received the backing of brokers today as there were no upgrades for any major firms
Elementis warns on profits as chromium sales slide
Currency weakness against the US dollar, particularly in Eastern Europe, has led to challenging market conditions for its chromium division
Risers & Fallers: Clontarf, Petrel, Chemring, Debenhams, Mkango Resouces, Zegona Comm
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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Brokers: Shops and housebuilders to the fore
Retail, housebuilders, Wolseley, Elementis, Standard Chartered...
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Bombed out Tesco one to check out, according to Barclays
On a week in which retailers came to the market, largely warned on trading and profitability and definitely failed to conquer, Barclays provided an antidote to the gloom with an upgrade to shares in Britain's largest grocer.
Risers & Fallers: Direct Line, Elementis, Ophir Energy, Tullow Oil, Tesco, Vectura Group
A recovery in the oil price has not done much for Tullow and Ophir. Vectura surges on completion of a clinincal trial for VR315 in the US.
Elementis's earnings to be at the lower end
On the bright side, both parts of the business will benefit next year from the recently announced cost saving measures
Risers & Fallers: Rurelec, PeerTV, Elementis, Camco Clean Energy, Asiamet and Capital Management
Below are the main news-driven share price movements at 4pm.
Week Ahead: Banking sweepstakes
Three of the big four banks report this week, while the big three integrated oil majors also weigh in.
Week Ahead: Banking sweepstakes
Three of the big four banks report this week, while the big three integrated oil majors also weigh in.
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
Broker Spotlight – Admiral, Shell, Rambler Metals...
Citi downgrades Admiral to 'sell', but remains a buyer of rivals eSure and Direct Line
Investments and investor services
Risers and Fallers: Daniel Stewart, Imaginatik, Eden Research, Trap Oil, Independent Res, Sefton
If anyone should be able to get a share issue away at a premium, it should be a stockbroker, such as Daniel Stewart
Investments and investor services
FTSE 100 clings on to gains
The Footsie ebbed in the afternoon as Greek debt negotiations took a turn for the worse, but the index still finished in positive territory.
Investments and investor services
FTSE 100 consolidates gains despite Greek bailout setback
London's blue chips are higher despite some last minute wrangling in the set-to between Greece and its pay-masters, but the mid-cap index takes some lumps.
Investments and investor services
Risers and fallers: Elementis, Morrisons, Sainsbury's, Sage Group, Serco Group, Telecom Plus
Supermarkets are on the shopping list of many investors
Footsie's gains ebb away
The morning's gains ebbed away as negotiations between Greece and its creditors took a turn for the worse