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.
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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
Archive
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