Alternative Networks agrees sale to Daisy for £165.3m
21st Nov 2016 12:06
(ShareCast News) - Telecoms software group Alternative Networks has agreed to be bought by Daisy Intermediate Holdings for 335p per share in cash, or about £165.3m. The price is a premium of around 17% to the closing price on 18 November and 20% to the volume-weighted average price of 280p for the s
Read moreThursday broker round-up
25th Feb 2016 13:08
(ShareCast News) - Petrofac: Jefferies upgrades buy with a target price of 855p, JP Morgan reiterates overweight with a target of 944p and Citigroup stays at buy. Merlin Entertaiments: Panmure Gordon reiterates buy with a target price of 480 and Shore Capital stays at hold. Wentworth Resources: Inv
Read moreAlternative Networks proposes higher dividend after revenue growth
9th Oct 2015 08:55
(ShareCast News) - Alternative Networks is proposing a higher dividend as it saw solid growth for the year. The business IT and communications service provider released a trading statement for the year to 30 September on Friday. The company said its Advances Solutions division saw total orders sign
Read moreAlternative Networks chief sells nearly £1.5m-worth of shares
29th Oct 2014 16:35
Communications group Alternative Networks announced on Wednesday that the previous day its chief executive officer had sold nearly £1.5m-worth of shares in the group. Edward Spurrier first sold 3.47m of his shares to his and his wife's company, 7 SFI, which subsequently traded in 357,173 of these.
Read moreSector movers: Fixed-line telecoms fall as broker downgrades hit BT, Talktalk
24th Oct 2014 14:07
Fixed-line telecom stocks were the worst performers in London on Friday as broker downgrades weighed on heavyweight constituents BT Group and Talktalk. BT, by far the largest stock in the sector with a market capitalisation of nearly £31bn, was 2.4% lower at 367.6p in afternoon trade after Morgan St
Read moreAlternative Networks on track to meet full-year guidance
4th Jun 2014 08:46
- Half-year profit falls, revenue up - Positive outlook for second half - On track to meet full year expectations Telecoms reseller Alternative Networks reported what it described as an encouraging set of interim results and said its growth prospects remain extremely positive. The group, which h
Read moreAlternative Networks confident in meeting full-year forecasts
10th Apr 2014 12:46
Business IT and communications services provider Alternative Networks said it is confident that its forecasts for the full year will be met after a 'good performance' in the first half. Alternative Networks said it continued to grow its market share across the group in the six months to March 31st.
Read moreAlternative Networks' chief strategy officer to leave
14th Mar 2014 09:30
Telecommunications group Alternative Networks has announced that its Chief Strategy Officer Jim Sewell has resigned and will leave the company on April 30th. Sewell intends to pursue a broader set of interests including increasing his support for charities, such as Restless Development, where he is
Read moreAlternative Networks sales return to growth
3rd Oct 2013 14:32
Previously falling sales have reversed at business communications services provider Alternative Networks. A trading statement revealed growth had returned in the second half of the year, with full year profits and cash flow for the full year in line with management's expectations. The Solutions ar
Read moreAlternative Networks plans special interim dividend despite sales fall
5th Jun 2013 11:57
Telecoms reseller Alternative Networks (AN) saw profits wane in the first half of the year but a resilient performance and cost discipline has led to the announcement of a special dividend. Revenues in the six months to March 31st slid 4.0% to £55.3m, with pre-tax profits shrinking 2.0% to £5.5m.
Read moreAlternative Networks on track to meet annual forecast
12th Apr 2013 09:54
Alternative Networks said it was on track to meet full-year expectations as its Advanced Solutions consultancy division saw sales rise in the second quarter. The UK provider of telephony services including voice, mobile, systems and IT solutions, reported cash balances over £15m at the end of March
Read moreAlternative Networks reports success of over-subscribed tender offer
26th Oct 2012 14:20
Alternative Networks, an AIM-listed UK business communications service provider, has announced that it received tender offers for 4.22m shares, meaning the offer was more than two times over-subscribed. Under the terms of the offer, shareholders could tender all or part of their shareholding for c
Read moreAlternative Networks rejects early stage bid approach
23rd Oct 2012 09:54
UK business communications service provider Alternative Networks has rejected a very early stage offer by a third party after giving 'due consideration' to the outlined plan. Alternative Networks said it concluded that the proposed consideration was not sufficiently attractive that it would repres
Read moreAlternative Networks shines after update
9th Oct 2012 08:45
Shares of UK business communications service provider Alternative Networks soared after it said it will continue to increase it dividend payments and trading for the year remains on track despite industry headwinds. In an update ahead of its full year results, the group said positive trading moment
Read moreSoon-to-be-Chairman at Thorntons shows his support
14th Sep 2012 15:38
Paul Wilkinson, a Senior Independent Director of chocolate maker Thorntons, has put his money where his mouth is after the firm said full-year profit before tax and exceptional items fell sharply in the face of continued tough trading conditions. Wilkinson, who was this week unveiled as the company
Read more