Share Name Share Symbol Market Type Share ISIN Share Description
Severfield LSE:SFR London Ordinary Share GB00B27YGJ97 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.70p +0.96% 73.70p 72.40p 75.00p 75.00p 71.20p 71.20p 44,933 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 262.2 18.1 5.1 14.4 220.86

Severfield Share Discussion Threads

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la forge
Adnoc appoints Swiss firm to sell its oil products in Europe Chemlube appointed as an exclusive seller of Group III base oil product in Europe for Adnoc Published: 18:52 February 22, 2018 Gulf News Staff Report Abu Dhabi Switzerland-based Chemlube SA has been appointed as an exclusive seller of Group III base oil product in Europe for Abu Dhabi National Oil Company (Adnoc), it was announced on Thursday. Adnoc has put in place a strategy to maximise value from its downstream refining and petrochemical operations to increase its business. An agreement in this regard was signed by Abdullah Salem Al Daheri, Marketing, Sales and Trading Director at Adnoc and Robert Nobel, Managing Director of Chemlube SA on the side lines of the 22nd ICIS World Base Oils and Lubricants Conference in London. Adnoc Refining, a subsidiary of Adnoc produces up to 500,000 metric tonnes per year of high quality Group III base oil, at its Ruwais refining and petrochemicals complex. Group III base oils are typically used to manufacture top tier, high performance, engine oils. ADbase, the new Adnoc base oil brand was also launched during the event. In a statement on Thursday, Al Daheri said the signing of the European sales agreement and the launch of the ADbase brand underline Adnoc’s commitment to achieving the best commercial value from its crude and petroleum products. “We aim to capitalise on Adnoc’s long-established reputation for providing high quality products and our status as a reliable customer-focused supplier. We look forward to working with Chemlube SA to deliver our high-quality product into European lubricants’ markets, where demand for high performance Group III base oils is expanding.” Murban, Abu Dhabi’s light, high paraffinic crude is the only source of feedstock for Adnoc’s Base Oil plant in Ruwais, which has a high viscosity index for using in high performance engines. The product also meets environmental regulations.
Jeffries reiterates buy rating and increases price target to 95p (previously 91p).
Pound could fall below €1 after Brexit completion - Amundi First time in history Sterling could fall below €1 following Brexit The pound could fall below €1 following Brexit, predict Amundi analysts Tom Eckett Tom Eckett @TomEckettIW 20 February 2018 Tweet Facebook LinkedIn Google plus Send to Print this page 0 Comments Analysts at Amundi have predicted sterling will fall below €1 for the first time in history once the UK officially leaves the European Union. In a note titled Brexit: How the future trade agreement is going to shape financial assets, the analysts said the most likely outcome was an "intermediate relationship" with a free trade in goods but very limited passporting in financial services. This result, which they assigned a 50% probability to, would cause sterling to fall to around €0.95 against the euro and $1.30 against the US dollar, as the UK's trade surplus in financial services would no longer be there to counterbalance the large trade deficit in goods. Sterling is currently trading at €1.13. Related articles Pound could fall below €1 after Brexit completion - Amundi Pedal the Pond team break world record with 40-day Atlantic crossing DFM forced to deny links with British Steel introducer and adviser Crypto crash will not impact financial markets - S&P Global Ratings Segregated mandates AUM to double in two years - NextWealth Didier Borowski, head of macroeconomic research at Amundi, said: "Uncertainty will likely increase from H2 and more so in 2019, when it becomes clear that financial services will not be provided to Europe from the UK as before. Nicky Morgan: Govt must publish Brexit financial services plan now "Drastically restricting financial services passporting could lead to a further deterioration of the current account deficit that would harm the pound." Borowski warned this scenario, which would meet opposition from "Bremainer Parliament" and business lobbies, would have an impact on both residential and business investment as a result of the increasing uncertainty from a weaker pound. A weak sterling, he continued, would lead to higher exports and only cause inflation to fall to around 2.6%, far above the Bank of England's 2% target. The BoE adopted a more hawkish stance at its latest Monetary Policy Committee (MPC) meeting and with inflation surprising to the upside at 3% in February, a May rate hike has become more likely. "In our opinion, the BoE will still find itself in the difficult position of having to deal with an inflation scenario that we expect to remain above its target throughout 2018, and with a pace of growth in the economy that, although expected to underperform the Eurozone's, does not show severe signs of slowdown. "Given that rates in the UK are still at very low levels, there could be an incentive to continue normalising as long as the scenario doesn't take the direction of a hard Brexit and growth continues to remain decent."
EUR CHF 1.1529 -0.0005
1.1512 CHF
1.1602 CHF 0.0010 0.08%
SNB: A Money Machine Friday, 1/26/2018 09:01 Where the Swiss lead... WHICH company has a price/earnings ratio of just 0.02, annual profits almost as high as Apple's, and yet a market value of less than $500m? asks Matthew Lynn at MoneyWeek magazine. It's the Swiss National Bank (SNB) – one of the oddest quoted businesses in the world. This month, we learned that the Swiss central bank has been minting money on an epic scale. In 2017, its profits were CHF54bn ($56bn) – a record, and more than double those of 2016. The SNB's share price is now almost CHF5,000. A year ago, it was less than CHF1,700. It is the bitcoin of central banks. How did it pull it off? The SNB intervenes massively in the foreign-currency markets to cap the strength of the Franc: its enduring role as a safe haven means it is constantly overvalued, threatening the health of what, outside of finance, is still mainly a manufacturing, export-based economy. After years of buying other currencies to try to weaken its own, the SNB now has nearly CHF800bn in reserves. On those positions, it made CHF49bn last year. It has also built huge equity holdings by reinvesting past earnings. It turns out the SNB is a canny investor. Stakes in companies such as Amazon and Facebook – the SNB is basically a "Fang" enthusiast – have paid off handsomely, swelling its profits to record levels. Its profits aren't quite the bonanza for the Swiss you might expect. This year's earnings are just over CHF6,000 – almost £5,000 – for every Swiss citizen. Yet even in pricey Switzerland, you can buy something nice with that kind of money. The SNB is limited in its dividend payouts, but they will be going up, and the central government and the cantons will get a bit more, too. The really interesting question, however, is: if the Swiss central bank can be turned into a money-making machine, why not the others as well? Take the Bank of England. True, we do not have a safe-haven currency like the Swiss Franc – the Great British Peso, as ours became known in the markets after the Brexit referendum, is a long way from that. Just building up currency reserves will not necessarily be the one-way bet it usually is for the Swiss. Even so, there is still plenty the Bank could be doing. It could manage its huge bond portfolio – a legacy of all that quantitative easing (QE) – more actively to make a profit. And if another recession hits, there is nothing to stop the Bank launching another round of QE, investing in stocks, then waiting for the profits to roll in. The Bank of Japan may well be in that position soon. It has bought a big slice of the Tokyo market. On some estimates, the central bank is now a major shareholder in most of the country's biggest companies, with a portfolio of an estimated ¥20trn (£130bn). With the Nikkei hitting a 26-year high this week, the gains are likely to be impressive. The European Central Bank has also been buying government and corporate bonds. It wouldn't be a huge surprise if those made a profit, given the strength of the Eurozone recovery. If the Bank of England could make anything like as much as its Swiss rival, it would add hugely to the government's finances. The £41bn the Swiss made is not that much less than the total raised from corporation tax in the UK. We could abolish corporate taxes completely, or slash income tax or VAT, or just boost spending – the healthcare budget could be 25% higher with that kind of money. It might seem odd to turn your central bank into a profit centre. But in our through-the-looking-glass world of zero interest rates and banning cash, central banks look as though they are going to make money anyway. It might as well be used for the good of us all.
grupo guitarlumber
Free movement vote could result in ‘Swiss Brexit’ Free movement vote could result in ‘Swiss Brexit’ Could the sun be setting on Swiss-EU bilaterals? Photo: Fabrice Coffrini The Local @thelocalswitzer 17 January 2018 10:27 CET+01:00 Switzerland may not be in the European Union but it could nevertheless face its own ‘Brexit’ if the Swiss people were to vote against the free movement of people. That’s the conclusion of commentators following the launch of the SVP’s new popular initiative, which wants to ask the Swiss public to decide, once and for all, if they wish to maintain the country’s current relationship with the EU or go their own way. The initiative ‘For limited immigration' proposes that Switzerland manage its immigration policy unilaterally. If accepted at referendum, the Swiss government would have one year to put an end to the country's free movement agreement with the EU, which currently allows EU citizens to work and live freely in Switzerland, and vice versa. Doing so would undoubtedly throw Swiss-EU relations into disarray, since the free movement agreement is part of a package of seven bilaterals signed in 1999 covering agriculture, research, civil aviation, transport and trade. Under the so-called guillotine clause, ending one of these seven bilaterals would put an end to them all. And the EU is unlikely to shift from this position, since it has always maintained – as it is currently impressing upon Britain – that a country cannot have access to the single market without accepting free movement. To date, the Swiss public has seemed reluctant to choose one path over the other. In a 2014 referendum the public voted in favour of Switzerland taking back control of immigration, yet surveys showed that most Swiss nevertheless wanted to safeguard the country’s bilateral arrangements with the EU. And since Switzerland signed the free movement agreement in 1999 the public has several times voted in favour of the bilateral path. That was argument used by the Swiss government when it decided to water down the 2014 initiative in favour of sticking with its EU arrangements. But the Swiss people would be finally forced to choose should this new popular initiative go to referendum. One thing both supporters and opponents of the initiative seem to agree on is that it would certainly clarify the situation. “The potential benefit of this text is that it wants to actually end the bilateral agreements and therefore do a sort of Swiss Brexit and leave the European market,” Socialist MP Roger Nordmann told broadcaster RTS. Voting on the subject “will have a clarifying effect, because I don’t believe the Swiss population will want to find itself in the same situation as England is in now,” he said. The initiative will “push every political body to justify what they think we should do,” agreed PLR MP Beat Walti, who said opponents of the initiative must impress upon voters that it’s not just about free movement but a whole raft of bilaterals. Finanzbuchhalter (m/w)... Unser Kunde ist eine Unternehmensgruppe, die seit mehr als 20 Jahren erfolgreich im Ber... En savoir plus Proposé par [Suspendre le ciblage publicitaire Adyoulike] Supporters of the proposal say accepting free movement was “a fundamental error” that hasn’t brought the economic benefits that others claim, reported Le Matin following a press conference to launch the initiative. Immigration from the EU has led to a population explosion and lowered quality of life, said Lukas Reimann, president of Action for an independent Switzerland (AUNS) which has co-authored the initiative along with the Swiss People’s Party (SVP). It is not acceptable that 500 million EU citizens have the right to set up home in a small country like Switzerland, added SVP president Albert Rösti. Campaigners have 18 months to gather 100,000 signatures to push the popular initiative to a referendum.
the grumpy old men
Some decent trades continuing to go through looking to me like the buyers and sellers continue to squabble at the resistance point. As long as the buyer keeps going I don't care. Eventually the sellers in this area will run out.
Thats my pension dwindling away
1.1818 CHF
looks to me based on those two large trades and price action someone has made a phone call and established no liability over Carillion and wants in
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