Company
Rotork PLC
LON:ROR
Rotork principal activities are the design, manufacture and support of actuators, systems and related products worldwide.The Company provides a range of products, systems and services for the motorization and manual operation of and adaption to industrial valves and dampers for isolation duty and process control applications.
64 stories
Rotork promotes new CEO from within
The company is a global provider of mission-critical flow control and instrumentation solutions for oil & gas, water and wastewater, power, and CPI applications
Rotork unveils £50mln share buy-back
Rotork will kick off the first £20mln tranche of share buying from tomorrow
Rotork CEO plans return to US
Kevin Hostetler will step down from the role in a process that is expected to conclude in June next year
Rotork a ‘buy’ again for Peel Hunt over growth prospects
The broker boosted target price forecasts to 400p from 300p as Rotork is expected to catch up with its peers
Rotork warns on interim profits amid coronavirus disruption
Revenues for the six months to June 30 are estimated to be down 11-13% on last year
Archive
UK retail sales and Pearson's testing times on the agenda for Friday
Pearson said last month it had seen “significant uplift” in the use of its digital products and online learning services due to coronavirus
Rotork joins others in scrapping dividend as coronavirus causes ‘increased disruption’
The industrial instruments maker said while its while output from its Chinese operation was “close to back to normal”, the spread of the disease to Italy had shut down all three of its factories in the country
Rotork sales fall but profits inch higher, "modest" progress expected in 2020
“The year was about margin improvement, cash generation and laying the foundations for sales acceleration,” said chief executive Kevin Hostetler
Hardware & electrical equipment
Rotork and Spectris premium shares prices “unjustified” given near-term headwinds
BofA Merrill Lynch analysts downgraded their ratings on both company's shares to ‘underperform’ from ‘neutral’
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
Berenberg prefers “outstanding” Spirax-Sarco over rival engineers Spectris and Rotork
The German bank believes Spirax justifies its premium valuation, while it is yet to be convinced by Spectris’ and Rotork’s growth plans
Investments and investor services
FTSE 100 closes just in red as crude price decline hits resource stocks
The UK blue-chip index finished down nearly six points at 7,428 on Friday
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City set for unusually busy Friday with RBS leading the way
Alongside RBS, AstraZeneca, Just Eat, WPP and Pearson are all due to publish first-quarter trading updates on Friday
Rotork profits surge 50% in 2018 but cautions on revenue slowdown for 2019
The FTSE 250 valves manufacturer reported a pre-tax profit for the year of £120.7mln, up from £80.6mln the year before, while revenues climbed to £695.7mln from £642.2mln
Investments and investor services
FTSE 100 finishes ahead on US-China optimism; Rightmove top gainer
The UK blue-chip benchmark finished around 27 points higher at 7,134
Rotork on track despite slowdown in order intake
Based on its performance to the end of October and anticipated shipments in the remaining two months of the year, Rotork expects to deliver a robust financial performance in 2018 and its expectations for the full year remain unchanged
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
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No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
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”
Derwent London reports higher rental incomes as London's office rental market remains robust despite Brexit worries
The FTSE 250 real estate group reported net rental income in the first half had risen 1.6% to £80.6mln, however pre-tax profit for the period was down to £134mln from £145.8mln
Rotork interims boosted by deal wins
After April’s guidance upgrade, investors would’ve been expecting positive results, and indeed, Rotork revealed a stronger performance in all areas
Archive
Other financials to take up the results mantle, with Standard Life Aberdeen and Hargreaves Lansdown due on Tuesday
Aside from the two financial blue chips, updates are also due on Tuesday from FTSE 100-listed InterContinental Hotels, and FTSE 250-listed Domino's Pizza
Morgan Stanley boosts IMI with upgrade to ‘overweight’ but blights Rotork with the reverse move
The US investment bank’s analysts pointed out that IMI “has overshot to the downside, with a derating driven by concerns on PowerGen, short cycle risks & Hydronic execution”
Exane BNP Paribas downgrade to ‘neutral’ knocks Weir Group shares lower
The French broker’s analysts said: “In the context of market share worries, we believe the risk/reward is not attractive enough to remain buyers (of Weir)”
Archive
RBS first quarter results to be overshadowed by impending US mortgage mis-selling fine
Litigation and conduct costs have held back RBS from resuming dividend payments and returning to private ownership
Utilitywise shares rise as new customers drive revenue growth
A look at some of the biggest risers and fallers in London on Monday
Rotork shares jump as it lifts full year guidance after strong first quarter
Rotork lifted its forecast for full year revenues and margins after growth in the first quarter exceeded its expectations
Rotork shares weak as engineer expects currency headwind on revenues and profits
The FTSE 250-listed engineer said its 2017 pre-tax profits fell by 11.5% to £80.6mln, down from £91.1mln a year earlier, although revenue increased by 8.8% to £642.2mln
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.
Rotork upgraded by HSBC, which sees more orders on back of oil price rise
"Relentless energy demand should act as the catalyst for increased energy infrastructure spend," said the bank
FTSE 100 ambles to another high
The Footsie set another record closing level but it was not entirely storming ahead; most of the gain was down to bid stock GKN's 25% rise
Banks higher ahead of next week’s stress tests results on FCA Libor support news
A look at some of the biggest risers and fallers today in London
FTSE 100 closes down, dragged lower by Centrica PLC after dismal trading update
Market was subdued as US markets were closed for Thanksgiving
Archive
Trading news from British Gas owner Centrica eyed amid energy tariff reform
The day ahead includes a trading update from British Gas owner Centrica, full year result from pubs operators Mitchells & Butlers PLC, and interims from Mothercare PLC
Archive
Paddy Power Betfair and the final hurdle for CEO Breon Corcoran
Is Corcoran leaving on a high or getting out while the going's good?
Rotork shares fall as CEO Peter France steps down amid market challenges
Rotork said it is facing a tough trading environment, particularly in the oil and gas sector
FTSE 100 fagged out as US Food and Drug Administration targets nicotine levels in cigarettes
Despite the beating meted out to IMPs and BATs, the Footsie rallied in the last half hour to trim its heavy losses
Archive
Barclays and Royal Bank of Scotland set for healthy quarter but scandals drag on
Day ahead: Barclays and RBS to post good numbers but scandals won't go away
Market movers - Panmure shares rise; Horizon Discovery in focus
The gas storage specialist InfraStrata was top London gainer on Friday
Archive
Goldman Sachs gives a lift to engineers Smiths Group and Rotork
In separate notes on the two engineers, analysts at the US bank started coverage on both FTSE 100-listed Smiths Group and FTSE 250-listed Rotork with 'buy' ratings.
Investments and investor services
Rotork rises as currency tail-winds prompt uplift to full-year guidance
Rotork is not the most glamorous of stocks but the industrial valves specialist enjoyed its day in the sun today
Kingfisher trading will be in focus on Tuesday
Kingfisher Plc, Homeserve PLC, Rotork PLC and Babcock International Group PLC are all in Tuesday's agenda
Chancellor's Autumn Statement is time for fiscal re-set
The new chancellor of the exchequer gets to set out his stall
UK shares dragged lower by oil and banking stocks
London stocks began the Tuesday session in the red and never recovered, as oil and banking stocks dragged the blue-chip ticker lower
Oil majors weigh on Footsie Index despite crude price recovery
Shares in BP and Royal Dutch Shell were on the slide
Risers & Fallers: Metal Tiger, Morgan Sindall, Proxama, ECR Minerals, African Potash, Ascential
Drilling on the T3 target at Metal Tiger’s copper venture in Botswana continues to return high grades.
Investments and investor services
Plunging UK construction activity shakes FTSE 100 Index
British construction activity in July hit its lowest level since June 2009
PREVIEW: Can AstraZeneca follow Glaxo with better-than-expected quarterlies?
AstraZeneca releases first quarter results on Friday, the schedule also includes Shire, BA owner International Consolidated Airlines, and Royal Bank of Scotland Group.
Risers & fallers: Tribal, Servelec, Atlas Development, Fresnillo..
Major share price risers and fallers in London at 4.30pm
Friday's agenda: Investors hope Rotork can hit already lowered hopes
Rotork and economic data will be on the agenda on Friday
Brokers bash beleaguered mining sector
Credit Suisse did the most damage, downgrading as many as 10 mining stocks.
Archive
City broker eyes upside from ABF’s Primark push stateside
Associated British Food, Soco, Rotork, Premier Oil, Kaz Minerals and BHP Billiton were in Friday's broker spotlight
Archive
Hargreaves holds out hope of Lego-led Merlin revival
On a busy Thursday, Merlin, Rotork, Hunting and Pets at Home all feature in our comprehensive round-up of the brokers.
Investments and investor services
FTSE 100 closes lower ahead of Fed rate decision
The US open did little to turn the index's fortunes around, with the most important Fed statement for years only a few hours away,
Investments and investor services
Risers & Fallers: Northgate, Crawshaw, IMImobile, Hunting, Babcock International and more...
Below are the main new-driven share price movements at 4pm.
Investments and investor services
Risers & Fallers: Tern, Wizz Air, Travis Perkins, Coal of Africa and more...
Tern said the value of its portfolio has risen more than four-fold over the past 12 months.