Avanti Communications says annual revenues will miss forecasts
10th Jul 2013 14:35
Satellite operator Avanti Communications Group said annual revenues were below market consensus due timing of certain contracts. The company expects revenue to be £10m below analysts' expectations for the year ended June 30th, according to a trading update on Wednesday. Based on a company-collat
Read moreSector movers: Vodafone M&A talks boost telecoms stocks
2nd Apr 2013 15:19
M&A rumours surrounding phone-network giant Vodafone lifted the mobile telecommunications sector to the top of the pile on Tuesday. Vodafone, which has been the source of much speculation over recent weeks, saw its share price surge 5.6% to 197.05p in afternoon trade after the Financial Times said
Read moreSector movers: Vodafone lifts telecoms higher on Verizon speculation
6th Mar 2013 16:00
The mobile telecommunications sector was making decent gains on Wednesday as bid rumours surrounding heavyweight phone network firm Vodafone sparked a sharp rise in the share price. Speculation that a deal with American part-owner Verizon (VZ) is near at hand escalated yesterday after Bloomberg rep
Read moreBG Group Chairman nearly doubles stake
12th Feb 2013 16:48
The Chairman of BG Group, the FTSE 100 natural gas group, on Tuesday purchased 35,000 shares, nearly doubling his stake to 65,000. Andrew Gould, who took up the role last year, purchased the shares at 1,120.00p a time, costing a total of £392,000. One week ago the company posted a 29% drop in fo
Read moreAvanti Communications expects move into profit
12th Feb 2013 07:59
Shares of satellite operator Avanti Communications soared after it said while losses for the half year widened, it expects to become cash flow positive in the second half of the year. Loss before taxation swelled to £15.94m for the six months ended December 31st 2012 compared to a loss of £6.6m bef
Read moreThomas Cook Chairman makes purchase following results disappointment
29th Nov 2012 16:48
The non-executive Chairman of Thomas Cook, the FTSE 250 travel company, has made a show of faith in the group as full-year losses widened on higher fuel costs and write-downs. Frank Meysman, who became Chairman one year ago, bought 100,000 shares at 24.57p a time for a total of £24,570. The comp
Read moreDiageo Chief sells 50,000 shares
13th Nov 2012 17:04
Diageo's Chief Executive Officer, Paul Walsh, sliced a chunk off his stake in the drinks giant with the sale of 50,000 shares on Monday. The transaction follows the company's purchase of a stake in Indian spirits group United Spirits Limited (USL). Diageo said on Friday that it is to acquire a 27
Read moreSector movers: Telecoms gain as BT rings up profits
1st Nov 2012 15:54
Telecoms stocks were given a boost on Thursday after sector heavyweight BT Group surged on the back of its interim results, with investors celebrating a 15 per cent increase in the dividend and a seven per cent rise in adjusted pre-tax profits. Adjusted profit before tax climbed 7% to £608m from £5
Read moreWilmington Group's soon-to-be CFO boosts stake
11th Oct 2012 16:17
Tony Foye, the new Executive Director of Wilmington Group, a financial and legal training provider, has bought up 385,000 ordinary shares, significantly boosting his share in the company to 435,000 shares. Foye joined the firm at the beginning of last month and is to become the Chief Financial Off
Read moreThursday tips round-up: Avanti, Diageo, Providence Resources
11th Oct 2012 06:43
"Three...two... one... letdown" was probably how some investors in the British satellite group, Avanti Communications, felt yesterday after the company unveiled a far from explosive set of full-year numbers. Avanti's pre-tax losses widened from £12.7m to £16m in the year ending June 30th, with rev
Read moreAvanti directors filling their boots after share slide
10th Oct 2012 17:10
It is fair to say that the market was not over the moon about the full year results from satellites operator Avanti Communications, but the directors believe the share price reaction has been overdone, and have been backing up this view with share purchases. David Williams, Chief Executive of Avant
Read moreAvanti Comms directors show their faith
10th Oct 2012 16:30
It is fair to say that the market was not over the moon about the full year results from satellites operator Avanti Communications, but the directors believe the share price reaction has been overdone, a view they have been backing up with share purchases. David Williams, Chief Executive of Avanti,
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreAvanti falls to earth after new revenue guidance
10th Oct 2012 07:32
Orders may be piling up at satellite operator Avanti Communications, but the big orders are set to kick in later than the company had previously envisaged. The group said that the average monthly target of £11m in orders added to the backlog continues to be achieved, but the phasing is "more back-e
Read moreWednesday preview: Ferrexpo, Avanti Communications
9th Oct 2012 17:20
Results season may have kicked off in the US by the time Wednesday comes around but in the UK it looks like companies are taking a bit of a breather. Ferrexpo, the Ukraine-focused iron ore pellet producer, issues a third quarter production update which will keep the number crunchers busy for a few
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