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Castings PLC Ord 10P (CGS)

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26-Feb-2021 09:55 AM

Casting flags rising raw materials prices; sees short-term demand hit from chip shortage

Casting flagged an increase in raw materials that it said would not offset by rising prices until the next fiscal year. Still, the results for the year are anticipated to be in line with market expectations, the company said. The company while moment
13-Nov-2020 08:12 AM

Castings swings to H1 loss on pandemic impact, but sees gradual improvement

Iron castings and machining group Castings said performance?had gradually improved after swinging to a first-half loss as the pandemic disrupted output in the first two months of the first half of the year. For the six months ended 30 September 2020,
06-Oct-2020 08:28 AM

Castings sees signs output returning to pre-Covid levels in Q3

Iron casting and machining group Castings said future schedules currently suggested that output levels were moving back towards pre-Covid levels during the third quarter of the financial year. 'We reported in August 2020 that demand from the commer
10-Jun-2020 07:36 AM

Castings raises dividend despite Covid-19 pandemic denting profits

Iron castings and machining group Castings recommended a dividend despite reporting a fall in profit as the Covid-19 pandemic pressured demand in the second half of the year. For the year ended 31 March, pre-tax profit fell to £12.7m, from £1
19-Feb-2020 09:20 AM

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today downgrades its investment rating on Castings PLC (LON:CGS) to hold (from buy). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
14-Nov-2019 08:00 AM

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today reaffirms its buy investment rating on Castings PLC (LON:CGS) and cut its price target to 450p (from 480p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
03-Sep-2019 08:40 AM

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today reaffirms its buy investment rating on Castings PLC (LON:CGS) and cut its price target to 480p (from 520p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Aug-2019 09:59 AM

Castings warns of 'slight' softening in demand from commercial vehicle customers

Castings said it had experienced a slight softening in demand from the majority of its main commercial vehicle customers following a strong first quarter. The result of CNC Speedwell, meanwhile, was expected to improve in the current financial year as en
14-Jun-2019 09:00 AM

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today reaffirms its buy investment rating on Castings PLC (LON:CGS) and raised its price target to 520p (from 470p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
12-Jun-2019 08:46 AM

Castings profits rise amid as foundry segment improves output

Castings said pre-tax profits grew by more than quarter amid increase in output and improved profitability at its foundry segment. For the year ended 31 March 2019, profit before income tax and exceptional items increased 27.5% to £15.3m and turn
11-Feb-2019 09:00 AM

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today reaffirms its buy investment rating on Castings PLC (LON:CGS) and raised its price target to 470p (from 460p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
01-Oct-2018 08:00 AM

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today upgrades its investment rating on Castings PLC (LON:CGS) to buy (from hold). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
14-Aug-2018 01:23 PM

Castings expects machining business to post a loss

Industrial manufacturing company Castings said it didn't see its machining business returning to profitability this financial year. Chairman Brian Cooke told the group's annual general meeting that overall demand from its main customers remaine
13-Jun-2018 02:20 PM

Castings profit falls amid losses at CNC Speedwell components unit

Castings booked a fall in annual profit after contract delays sent its CNC Speedwell business, which provides components to the truck and auto industry, into the red. Pre-tax profit fell 24% to £12.1m, as growth in the foundry business was offset b
11-Jan-2018 09:10 AM

Castings to take hit from project write-downs

Castings said the performance of the foundry businesses continues to be in line with market expectations supported by steady demand from its commercial vehicle customer base. Castings said that following the change of management and completion of the r
10-Nov-2017 07:06 AM

Castings first half profits fall despite higher sales

Pre-tax profits at Castings fell to £5.9m in the six months to the end of September - down from £7.1m last time - but sales of £61.7m were up from £57.9m a year ago. The group said that as previously reported customer demand duri
03-Nov-2017 02:12 PM

Castings schedules results announcement

Castings has confirmed that the Company intends to announce interim results for the six months ended 30 September on 10 November. At 2:12pm: (LON:CGS) Castings PLC share price was 0p at 466.5p Story provided by StockMarketWire.com...
31-Oct-2017 08:00 AM

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today downgrades its investment rating on Castings PLC (LON:CGS) to hold (from add) and left its price target at 460p. Story provided by StockMarketWire.com...
15-Aug-2017 07:34 AM

Castings continues to see steady demand

Demand from Castings' main customers remains steady, shareholders at the annual general meeting today will be told. Chairman Brian Cooke will say this represents a continuation of the outlook given in the statement in June. He will say: "Our e
14-Jun-2017 09:27 AM

Castings revenues and profits fall

Pre-tax profits at Castings fell to £15.9m in the year to the end of March - down from £19.7m last time. Revenues of £118.8m were down from £132.4m and gross profits fell to £30.2m from £34.0m. The directors have reco
08-Jun-2017 08:39 AM

Castings schedules FY results

Castings will announce its final results for the year ended 31 March on 14 June. At 8:39am: (LON:CGS) Castings PLC share price was -0.5p at 462p Story provided by StockMarketWire.com...
05-Apr-2017 08:30 AM

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today reaffirms its add investment rating on Castings PLC (LON:CGS) and raised its price target to 460p (from 410p). Story provided by StockMarketWire.com...
11-Nov-2016 08:20 AM

Castings pre-tax profits fall

Castings posts profit before tax of £7.08 million for the six months to the end of September - down from £9.51m a year ago. Sales totalled £57.9m - down from £65.0m last time. An interim dividend of 3.38 pence per share has been
16-Aug-2016 07:31 AM

Castings sees softening in demand

Castings has seen a softening in demand from its main customers since its report in June, shareholders at the annual general meeting today will be told. Chairman Brian Cooke will say: "Our plan to fill the profit gap created by the ending of a major
15-Jun-2016 07:28 AM

Castings profits rise

Castings saw revenues increase by 0.9% to £132.4 million in the year to the end of March of which 67% was exported (2015 - 67%). The revenue from the foundry operations to external customers increased 1.3% to £114.7 million (2015 - £113

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