Page 45 - Mid Caps News Today

Ibstock to treble brick capacity as housing demand soars The existing mothballed facility at Atlas will be replaced with a new state-of-the-art wire cut clay brick factory Ibstock PLC (LON:IBST) has dusted off and expanded its plan to reopen its Atlas site in the West Midlands due to the current demand for bricks. "As the residential housing market recovers, domestic demand for clay bricks will continue to exceed that available from domestic manufacturing capacity," it said in a statement. In ...

Availability of office space in London is almost at 20-year record levels Workspace Group PLC (LON:WKP) has been double-downgraded by Barclays, who said "too much" reopening optimism was priced into the flexible office groups shares. Analysts at the bank noted that after office take-up collapsed in all London sub-markets in 2020, vacancy rates have roughly doubled with City sub-markets now at nearly 11% and availability of space is almost at 20-year record levels. Barclays moved two marks do...

Explore Now Want to play reopened trades? Look at the cyclical stories -- the economic recovery stories. Stay away from aviation and hotel stocks, says market expert Some of the reopened trades are quite active in the markets despite the fact that we have cooled off quite significantly. Indian Hotels, PVR were holding out in Tuesday’s trading session. Do you think that the rally is based on false hope or is there an incremental reason to cheer given that this vaccination drive is very much u...

and for future value as we continue the development of our clinical assets NCX 470 in glaucoma and NCX 4251 in blepharitis.” Latanoprostene bunod, the pharmaceutical active ingredient in VYZULTA, was invented and patented by Nicox, and is the first product from the company’s proprietary nitric oxide-donating research platform to be approved for commercialization. Under the patent restoration provisions of the Drug Price Competition and Patent Term Restoration Act of 1984 (also known as th...

Use equity corrections as buying opportunity: Credit Suisse India April 22, 2021 Prefers cyclicals over defensive, mid-caps against large caps Credit Suisse, a global wealth management firm, anticipates some selling pressure in the Indian equity markets in the coming weeks and has recommended that this could offer a good buying opportunity from a 6-9 month perspective. “While the second wave of Covid-19 pandemic in India and subsequent restrictions may lead to some growth worries, we believe...

Chalice Mining’s Julimar discovery continues to grow as drilling expands high-grade zones More than 87,000 metres of drilling has taken place at the Julimar Nickel-Copper-PGE Project in the past 13 months and the latest high-grade drill results grow its footprint even further. A maiden mineral resource estimate is now anticipated in late Q3 of 2021 as the mineralised footprint at Gonneville continues to grow. Chalice Mining Ltd (ASX:CHN) (OTCQB:CGMLF) continues to expand the footp...

Australian Strategic Materials builds on strong momentum with $92 million capital raising The company has completed a pro-rata non-renounceable entitlement offer for proceeds of almost $27 million in addition to a $65 million placement. Funds will be used to advance the Korean Metals Plant as well as the Dubbo Project Australian Strategic Materials Ltd (ASX:ASM) has taken its capital raising proceeds to almost $92 million after completing a pro-rata non-renounceable entitlement offe...

The two sides have been engaging in a war of words over the future strategy of the funeral services company

NEW DELHI: Ace investor Rakesh Jhunjhunwala, who recently reduced his stake in Titan, says cyclical stocks and the most battered smallcaps and midcaps will outperform favoured blue chips like HDFC and Titan over the next 4-5 years. “If you look at the valuations of cement stocks and metal stocks, and if you look at the prospect of metal stocks, there is a huge divergence there. I don’t understand it yet. I think there is a great opportunity there. I am a large investor there,” Jhunjhunwal...

Credit Suisse Wealth sees more profit booking in Indian equities in coming weeks SECTIONS Last Updated: Apr 21, 2021, 12:01 PM IST Share Synopsis ​The firm said Reserve Bank of India’s recent quantitative easing is likely to keep the government bond yields range-bound despite higher-than-expected supply and elevated inflation. It prefers corporate bonds over treasuries with a preference for 1 to 3-year duration bonds. Reuters Related Mumbai: The Indian equity market could see some further p...