(Alliance News) - Stock prices in London closed slightly higher on Wednesday, as investors look firmly ahead to Friday's key inflation reading from the US. Read More
(Alliance News) - Shares in TI Fluid Systems PLC fell sharply on Wednesday after an investor sold a block of shares at a heavily discounted price. Read More
TI Fluid Systems PLC - Oxford, England-based company that designs and manufactures thermal management and fluid handling systems - Expects 2023 results to be "slightly ahead" of expectations. Revenue is anticipated at approximately EUR3.5 billion, up from EUR3.27 billion in 2022. Adjusted earnings before interest and tax margin expansion predicted at approximately 7.4%, driven by "commercial performance combined with cost reduction actions," it says. This compares to an Ebit margin of 5.5% in 2022. Looking ahead, the firm says it is well-positioned to capitalise on "opportunities of electrification while leveraging the strengths of our conventional portfolio to drive sustainable, profitable long-term growth." Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The stock market is not giving TI Fluid Systems enough credit for its "significant recovery potential", analysts at Jefferies said after a surprisingly positive trading update on Thursday. Read More
TI Fluid Systems PLC - Oxford, England-based company that designs and manufactures thermal management and fluid handling systems - To begin a share buyback programme to repurchase shares up to EUR40 million. Plans to execute the buyback in a series of tranches, each up to a maximum of EUR5 million. The first tranche begins on Wednesday and will end no later than March 29. Explains the purpose of the buyback is to reduce its share capital. The company's intention to begin a buyback in the second half of 2023 was originally announced in August alongside the publication of its half-year results. Read More
(Alliance News) - Stocks in London are called lower on Wednesday, as worries about a protracted period of elevated US interest rates tank risk sentiment. Read More
(Alliance News) - TI Fluid Systems PLC on Wednesday backed annual guidance, set out medium-term targets and unveiled a new organisational structure. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - TI Fluid Systems PLC on Tuesday said it will acquire Hungary-based Cascade Engineering Europe Kft for around EUR25.4 million. Read More
TI Fluid Systems PLC - Oxfordshire-based maker of automotive fluid storage, carrying, delivery, and thermal management systems for light vehicles - Stefan Rau, executive vice president for Fluid Carrying Systems, sells 66,000 shares at GBP1.29, worth GBP88,448, on Thursday last week. Rau had sold 56,491 shares at GBP1.38 each, worth GBP77,785, on Tuesday last week. Read More
