Industrial Stocks

Capita (CPI) & Mitie (MTO): 2 FTSE services stocks to buy in September

 Capita (CPI) & Mitie (MTO): 2 FTSE services stocks to buy in September

Highlights  Capita Plc’s total contract value wins registered a year-on-year growth of 70% to £2,576 million in H1 2021. For the Q1 ended 30 June 2021, Mitie’s revenues were £930 million, up by 104% year-on-year. ...

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3 Water Utility Stocks in Focus after Additional Investment Approval from Ofwat

3 Water Utility Stocks in Focus after Additional Investment Approval from Ofwat

Summary UK water watchdog Ofwat announced plans of investment of up to £2.8 billion in green projects, with over £850 million of additional investment for projects from Severn Trent Water, South Staffs Water, South West Water, a subs...

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IMI shares hit 7-year high as it begins £100mn share buy-back, raises guidance

IMI shares hit 7-year high as it begins £100mn share buy-back, raises guidance

Summary Shares of IMI Plc rallied 11 per cent in the afternoon deals on Monday. Heavy buying has been largely fuelled by share buy-back and increased outlook. IMI has agreed to repurchase shares with a value of up to £100 million. S...

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Why Did Morgan Sindall Shares Skyrocket 19%

Why Did Morgan Sindall Shares Skyrocket 19%

Summary Shares of Morgan Sindall Group Plc jumped nearly 20 per cent in the afternoon trades on Thursday The stock has recognised a meaningful rise in the last one year, recovering from Covid bottoms The company is on track to deliver better-t...

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Did various restructuring activities help Kier Group to achieve profitability during H1 FY21?

Did various restructuring activities help Kier Group to achieve profitability during H1 FY21?

Summary Kier Group PLC had a robust order book of £8.0 billion as of 31 December 2020. KIE had a net debt of £353.5 million as of 31 December 2020. KIE had sold its housebuilding business, Kier Living, to Foster BidCo Limited for t...

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Countries move to ban travel from India as COVID-19 unleashes havoc

Countries move to ban travel from India as COVID-19 unleashes havoc

our next week India reported more than 250,000 cases for three days in row The countries across the globe have started to ban travel from India, as the world’s second most populous country is grappling with heavy surge in the COVID-19 cas...

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What are the significant developments announced by Accsys Technologies towards doubling the production capacity?

What are the significant developments announced by Accsys Technologies towards doubling the production capacity?

Source: Pavel Vaschenkov, Shutterstock Summary Accsys Technologies PLC had expected revenue to remain more than €98 million during FY21. The construction of the Tricoya®Hull UK Plant is in the final stage of completion. AXS would aim...

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What are the recent business updates unveiled by FTSE listed QinetiQ Group?

What are the recent business updates unveiled by FTSE listed QinetiQ Group?

Source: TippaPatt, Shutterstock Summary QinetiQ Group PLC had anticipated revenue growth of high teens percentage during FY21 ending 31 March 2021. The Company had targeted operating profit margin ranging from 12% to 13% over the medium t...

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What Made Babcock's Share Soar Around 40% During the Day

What Made Babcock's Share Soar Around 40% During the Day

Source: aapsky, Shutterstock Summary The London-based company's share rose around 40 per cent, the highest since 11 February 1993. Babcock will concentrate on being global aerospace, defence, and security corporation. At the end of March 2021...

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Did the Vitec Group acquire two US-based firms for 30.4 million pounds?

Did the Vitec Group acquire two US-based firms for 30.4 million pounds?

Source: metamorworks, Shutterstock Summary The Vitec Group PLC had experienced a revenue drop of around 23% during FY20. VTC would acquire Lightstream and Quasar for around £30.4 million. VTC would pay a final dividend of 4.5 pence per ...

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Royal Mail Delivers A Sweet Surprise, To Pay One-Off Dividend Of 10p

Royal Mail Delivers A Sweet Surprise, To Pay One-Off Dividend Of 10p

Source: jittawit21, Shutterstock Summary Encouraged by the pickup in letter volume and inline trading, Royal Mail Plc has announced to pay a one-off final dividend of 10 pence per share. The company will also be updating about GLS business, ch...

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