Company
Victrex PLC
LON:VCT
Victrex PLC is the leading global manufacturer of polyaryletherketones. These are high-end polymers that are sold under the brand names VICTREX PEEK polymer, APTIV and VICOTE.
64 stories
Rolls-Royce, AB Foods, Stagecoach all to update as Omicron is set to dominate the week ahead
What's in the diary for the week 6-10 December 2021
TechnipFMC buys Victrex's stake in Magma Global; Victrex CFO stands down to join Morgan Advanced Materials
Victrex said its trading for the full year to end-September was in line with expectations
Victrex revenues bounce back but inflation a worry
The first human knee implants using Victrex's high-tech plastic have been inserted
Victrex to resume interim dividends on improved outlook
A proposed pay out of 13.42p would take dividends back to pre-Coronavirus levels
Victrex says no Brexit worries yet as sales edge up
"This is a positive start to FY 2021 and we continue to see incremental improvement across several of our end markets"
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FTSE 100 closes higher on Friday as UK R rate goes below 1
Britain's index of leading shares closed up around 61 points on Friday, or 0.94%, at 6,589.
Victrex upped to equal weight as Barclays says little reason for underperformance going forward
The bank said they believed the downgrade cycle for the polymer firm “is over” after EPS troughed in 2020, adding that the stock is “already pricing in a recovery”
Victrex cuts dividend 23% as profits fall but new year starts 'solidly'
“We expect some softness to continue through the first half, versus the prior year, with the potential for uncertainty in order patterns,” the group cautioned
Victrex plans to reinstate dividend but cuts 100 jobs
The chemicals firm wants to resume distributions "in the light of a healthy net cash position"
Victrex says still unsure about dividend but margins to remain weak
The chemicals producer will assess current market conditions and its outlook before deciding on the current year payout
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FTSE 100 closes lower as gold surges and traders digest Sunak's spending plans
Britain's premier benchmark index finished down around half a percent, or 33 points, at 6,156
Victrex starting to feel effects of coronavirus pandemic
The FTSE 250 chemicals group said “some more normalised demand returning in Asia could prove supportive, although the demand outlook in Europe and the US is becoming more challenging”
Victrex saw 'strong' trading in March, but outlook still uncertain
Measures have been put in place to reduce cost and conserve cash that stood at a net £42.2mln at the end of March
Barclays cuts Victrex to ‘underweight’ from ‘equal-weight’ on increasing concerns about margins over next two years
The UK bank’s analysts said: “There’s growing risk that volumes disappoint but the real challenge for margins could come in 2021 when we assume the full weight of fixed cost needs to be absorbed by fewer tons”
Victrex halves dividend as profits stumble as auto and electronics worsen
This year, the company has issued two profit warnings, saying it expected profits to be hit by revenues from a large contract in its consumer electronics business being wiped out
Victrex unlikely to recover in second half due to global industrial slowdown, reckons broker
“For now, the near term risks outweigh the long-term growth potential,” Peel Hunt said
Hardware & electrical equipment
Victrex once again dampens down expectations
Victrex saw a much weaker first half, driven principally by its automotive arm
Victrex warns of “much weaker” first half as it gets off to a slow start
There has been a slight improvement in January and February, but not enough to offset troubles in the prior few months
Investments and investor services
FTSE 100 closes a tad lower ahead of BoE Super Thursday
The UK index of leading shares closed down around four points at 7,173
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Big Pharma is big news for Wednesday as GSK reports results for 2018
The launch of a generic rival to its Advair inhaler has many expecting a downgrade to Glaxo's outlook
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Bank of England's 'Super Thursday' and slew of corporate earnings eyed as Chinese New Year begins
The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Victrex to reward shareholders with £105mln special dividend
Shares have been held back by a warning that the growth seen over the past year is unlikely to be repeated in 2019
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Ferguson and Greencore among highlights in Tuesday’s diary
The US economic outlook, the order book and restructuring will all be among the key points as Ferguson updates investors.
Hardware & electrical equipment
Renold sees first-half profit rise significantly, boosted by strong performance from core chain unit; Peel Hunt starts with ‘buy’
The power transmission products maker said its pre-tax profit jumped by 71% to £4.1mln in the six months to September 30, up from £2.4mln a year earlier, as revenue rose by 4.5% to £99.7mln
Meggitt names Louisa Burdett as its next CFO
Doug Webb will retire as CFO and executive director on December 31
Victrex on track but sees tougher comparatives ahead
Volumes rose 14% in the three months to June, while revenues increased by 10% to £84mln
Victrex shares drop despite record first half as it warns of currency headwinds
Victrex said the foreign exchange rate in the second half will be “much less of a tailwind compared to the first half and we are also mindful of the currency headwind for 2019”
FTSE 100 closes in red as there is little around to spark investor interest
FTSE 250 fared better though closing ahead by around 15 points at 20,800.
Victrex's first quarter revenues jump, boosted by Brexit-driven slump in pound
Results were boosted by favourable foreign exchange rates, sales from its acquisition of Zyex and volumes for a large consumer electronics order
FTSE 100's losses lengthen as US markets move back into reverse
The US rally fizzled out prompting a late sell-off in an already below-water London
Archive
Victrex to report jump in first quarter revenue after strong 2017
The day ahead includes trading updates from Victrex and S & U along with UK economic data on manufacturing production and trade
Favourable currency movements help Victrex post strong growth in full year profits, revenue
The FTSE 250 listed provider of specialist polymer products reported an 11% rise in pre-tax profit to £111.0mln for the 12 months to September 30, as group revenue rose by 15% to £290.2mln
Investments and investor services
FTSE 100 closes in red as big miners weigh
FTSE 100 closed around 11 points down, while the FTSE 250 dropped almost 65 points
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On Tap: Update from Ferguson to show name change to US focus fully justified
Day ahead includes updates from renamed blue chip plumbing supplies firm Ferguson PLC and from mid cap spread betting firm and broker IG Group PLC
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US jobs to dominate with December rate hike expected, plus updates from Stagecoach, Berkeley Group
The Week Ahead diary includes the December US jobs data, plus corporate updates from Stagecoach PLC, Ferguson PLC, IG Group PLC, and Berkeley Group PLC
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PZ Cussons among few features on a summery Tuesday
The agenda for Tuesday is distinctly summery, albeit PZ Cussons is among a few features in the books.
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WEEK AHEAD: The panto season is upon us, and lead villain Mike Ashley is due on stage
He's already told us he's not Santa, but can Mike Ashley deliver a Christmas present for Sports Direct investors?
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Lower pound means chemical cos are quids in
Is it really that simple that a falling pound means UK-based chemical companies make shed loads more money?
Investments and investor services
FTSE 100 Index edges higher as pound falls
The price of a barrel of Brent crude fell 0.449% to US$44.52
Investments and investor services
Standard Chartered is exposed after share price rally, says UBS
Standard Chartered, Petrofac, Victrex and Trinity Mirror are in the broker spotlight on Thursday.
Week Ahead: Keywords Studios PLC going for new high score
The February trading update sent analysts scurrying to their calculators to upgrade their forecasts
Investments and investor services
Brokers: ‘Hold’ is the height of positivity for City analysts
IAG, Dunelm, QinetiQ, ARM Holdings, Smith & Nephew, Victrex and Oxford Instruments are all in Thursday’s broker spotlight.
Tuesday’s agenda – EnQuest investors await Alma/Galia insight
With crude oil prices at around seven year lows it is going to take something spectacularly reassuring to excite EnQuest investors tomorrow morning
Thursday's agenda - Carillion and Tate & Lyle to update investors
Aside from a closely watched interest rate decision from the BoE, corporate announcements on Thursday include trading updates from construction and support services firm Carillion and sugar giant Tate & Lyle.
Week ahead: Can Tesco follow Sainsbury's lead?
Tesco and Vedanta catch the eye next week which kicks off with the Conservative party conference.
Archive
FTSE 100 drops fifty points, Greece uncertainty blamed
London blue chips headed lower as concerns mounted over a Greek debt default.
Investments and investor services
Risers & fallers: Altona Energy, Regency Mines, Inspired Capital, Milestone Gp, Mosman, LGO Energy
Inspired Capital shot up after Joe Lewis, the Bermuda-based trader, made a bid for the company.