UPDATE: Monday broker round-up
3rd Oct 2011 09:03
Antofagasta: Citi upgrades to hold, target cut from 1,230p to 1,010p. Man Group: Citi has kept its hold/high risk rating and 190p target. Lonmin: Citi maintains hold/medium risk recommendation and 1,237p target. Burberry: Nomura reiterates neutral rating and 1,356p target. Cookson: UBS upgrades
Read moreLosses deepen at Avanti Communications
3rd Oct 2011 08:39
Satellite broadband operator Avanti Communications said pre-tax losses widened after it invested in its first satellite launch. Loss before tax grew to £12.7m in the year ended 30 June 2011 from a loss of £1.95m the year before. Revenue dropped to £5.46m from £5.8m before. Avanti, which launched i
Read moreLondon open: Banks lead the rise
16th Sep 2011 08:35
The FTSE 100 has risen higher in early trading, led by the banks, as the blue chip index extended gains on the back of the an announcement by the European Central Bank (ECB) made yesterday. US and Asian markets performed well on Thursday and overnight, respectively, on news that the ECB - along wit
Read moreAvanti Comms chosen for Kent broadband project
16th Sep 2011 08:15
Satellite operator Avanti Communications has been awarded a place on the Kent County Council Rural Broadband framework. The "Connecting Kent" project is designed to provide modern digital infrastructure for Kent's businesses and residents, and will access funds of at least £1.5m to set up pilot pro
Read moreThursday tips round-up: Cape, Aggreko, bwin.party...
1st Sep 2011 07:00
For the first set of figures as a company with a main listing, the interims from Cape were a touch underwhelming, according to the Tempus column at the Times. They were greeted with a 6¾p fall in the share price to 480p. Revenues were pretty well flat at £335 million and profits before tax fell by 1
Read moreAvanti wins new contract with Novasoft
11th Aug 2011 08:35
Satellite operator Avanti Communications has won a contract with Spain-based Novasoft. The contract provides Avanti with an estimated 1m potential customers who it believes would benefit from a faster satellite broadband product. Novasoft's subsidiary, Novasoft WiFi Extremadura, is an ICT service
Read moreSector movers: Cairn Energy drags oil and gas sector lower
3rd Aug 2011 15:02
A large share price decline at Cairn Energy meant that the oil and gas producing sector was at the bottom of the pile on Wednesday. Falling oil prices didn't help much as Brent Crude futures were nearly 2% lower at $114.16 at 16:22. Oil exploration group Cairn Energy said that despite the inital pr
Read moreAvanti: the sky's the limit
3rd Aug 2011 13:03
Satellite broadband firm, Avanti, has extended its contract with Hughes Network Systems. Avanti said that Hughes had fully allocated its initial purchase £7.5m of capacity on its HYLAS 1 satellite to existing clients. Hughes had agreed to buy further capacity in order to support new business, par
Read moreMedusa bosses buy on weakness
23rd Jun 2011 16:05
Directors at Philippines-focused gold producer Medusa Mining have upped their stakes amid a weak spell for the company's shares. Managing director Peter Hepburn-Brown took 15,00 shares at A$6.85 (449p) a time, paying a total of just over £67,000. He previously had no shares in the company. Non-ex
Read moreStandard Life boss's wife buys
17th Jun 2011 14:32
Caroline Nish, the wife of Standard Life's chief executive David Nish, has taken more shares in the insurer, spending £100,000. She took 49,335 shares at 201.4p a pop and now has 620,744. In a trading update in April, David Nish said Standard Life had a good start to 2011. "Strong sales across ou
Read moreLondon close: S&P scares off investors
18th Apr 2011 17:02
Having started the day with hopes of rising back above 6,000, the top share index hurtled in the opposite direction to fall below 5,900 after debt ratings firm Standard & Poor's (S&P) put the cat among the pigeons by downgrading the outlook for US sovereign debt. Though S&P affirmed the USA´s 'AAA'
Read moreAvanti Comms wins $7.6m refund
18th Apr 2011 14:48
Satellite operator Avanti Communications was flying high on Monday after a New York court upheld its claim for a $7.57m refund from Space Exploration Technologies Corporation. Avanti was awarded the full amount of the refund it claimed, namely $7,566,013, plus interest. In a trading update the com
Read moreWH Ireland bosses buy big
5th Apr 2011 16:19
Bosses at WH Ireland had the company they work for in their sights today as they splashed out thousands of pounds on shares in the stockbroker. Chief executive Paul Compton was the biggest spender, taking 670,448 shares at 50p a time. The purchase, which set him back £335,174, takes his holding to
Read moreIncoming United Utilities boss splashes out
16th Mar 2011 16:28
United Utilities' incoming chief executive has spent £400,000 on shares in the water supplier. Steven Mogford, who will take the reins at United Utilities on 31 March, took 70,814 shares at 564.9p a time, his first purchase of shares in the company. Mogford's appointment was announced in November
Read moreNorth America boss offloads Pearson shares
2nd Mar 2011 17:47
Will Ethridge, chief executive of Financial Times publisher Pearson's North American education division, has sold a big chunk of shares in the company. He disposed of 33,000 American Depositary Receipts (ADRs) for $16.83 (£1,033p) a time or a total of nearly £350,000. News of the share sale comes
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