BATM hit by Nokia Siemens sales decline
7th Mar 2011 11:10
Revenues and profits slumped at telecommunications equipment supplier BATM in the year to 31 December after it suffered a decline in sales to telecoms services giant Nokia Siemens Networks. Pre-tax profits slid to $1.03m from $18.45m the previous year on revenues that were down to $120.58m from $1
Read moreLondon close: Shares fall back amid global worries
10th Nov 2010 16:34
Footsie was posting substantial losses by trading's close as losses in the mining sector cancelled out any optimism engendered by company updates. As usual, it was global economic concerns that weighed on the mining sector. US stocks are under pressure amid worries over China's efforts to curb infl
Read moreLondon afternoon: BAE takes off
10th Nov 2010 15:10
Mining stocks are dragging London lower as copper and precious metal prices come off the boil. Kazakhmys, Lonmin and ENRC are the worst performers while precious metals miners Randgold and Fresnillo fare little better. BAE Systems is the best performing blue-chip after holding an investor day ye
Read moreSmall caps round-up: BATM, London Finance, Dominion Petroleum ...
10th Nov 2010 13:38
Shares in BATM Advanced Communications surged Wednesday after the group said second half revenues will be some 14% ahead of the first, at $63m, in line with the group's full year revenue guidance of $119m. The telecoms firm also expects operating profit (excluding amortisation) of around $6m for th
Read moreTechMARK movers: Better second half for BATM
10th Nov 2010 13:24
Telecoms and medical equipment supplier BATM says that its second half revenue and operating profit will be better than the first half figures. BATM expects second half revenues of around $63m, a 14% increase on the first half. The full year revenues are $119m. A first half operating profit of $1.
Read moreTechMARK movers: RM's LEGO joint venture.
15th Sep 2010 12:26
Shares in educational IT services provider RM perked up today when it confirmed its joint venture with LEGO Education. The joint venture will be the exclusive distributor of LEGO products to the education sector in Europe. RM will own 49% of the business. This helps to offset recent disappointme
Read moreWednesday tips round-up: TUI Travel, DSG International, Pendragon...
11th Aug 2010 06:44
While the short-term looks a little gloomy, tour operator TUI Travel is adamant it is well-placed for medium-term prosperity. Meanwhile, the collapse of Goldtrail Travel has cut capacity and highlighted the benefits of fully protected package holidays. The 10% fall in the shares ? down 22½p to 203
Read moreTechMARK movers: BATM results slump
10th Aug 2010 14:02
Increased medical technology sales at BATM Advanced Communications Ltd failed to offset the decline in telecommunications equipment revenues. Overall revenues fell by one-fifth to $55.3m in the six months to June 2010. Medical revenues are more than one-third of the total. A profit of $13.7m was t
Read moreTechMARK movers: New boss for Phytopharm
22nd Jun 2010 11:58
Drug developer Phytopharm shares have reacted favourably to yesterday's appointment of Tim Sharpington as chief executive. Sharpington has experience of drug development, in-licensing, M&A and fund raisings. BATM's chairman Peter Sheldon says that he will retire from the board at next year's AGM
Read moreRPS boss cashes in
18th May 2010 16:51
Chief executive Dr Alan Hearne has raised nearly £1m by selling shares in environmental consultancy RPS. Dr Hearne has sold 470,000 shares at an average price of 209.588p each. That leaves him with 15,130 RPS shares and £985,000 in cash. In March, Dr Hearne raised £222,434 from a share disposal
Read moreTechMARK movers: BATM slumps on poor telecom sales
18th May 2010 14:59
BATM's share price has been hammered following its trading statement and the telecoms equipment company has lost more than one-third of its value in one day. Revenues and profits in 2010 will be significantly below estimates after a poor first four months for the telecoms division. The medical d
Read moreBATM slides heavily
18th May 2010 12:40
Telecoms firm BATM slid heavily after it saw revenues in the first quarter fall and said it expects to break-even for the first six months. Total revenues in the first four months of 2010 were $36m against $38.9m last time. "The decrease is due to a significant decline of revenues during the perio
Read moreLondon midday: Decent morning for Footsie
18th May 2010 12:10
Footsie has made decent progress this morning helped by gains for utilities and the non-bank and insurance bits of the finance sector. Man Group is the best performer on reflection of yesterday's deal to buy GLG for $1.6bn. Inter-dealer broker ICAP is also in demand, while mezzanine finance lende
Read moreHalfords chairman takes more shares
22nd Feb 2010 14:56
Halfords chairman Dennis Millard has increased his holding in the company on the same day the bicycle and car part retailer announced the acquisition of Nationwide Autocentres, a chain of car servicing and repair garages. He bought 15,000 shares at 431p a time, paying £43,100 and lifting his shareh
Read moreBroker snap: Britvic M&A risk is overstated
14th Jan 2010 09:12
Britvic is upgraded to 'overweight' from 'neutral' at JP Morgan which lifts its target price by 10p to 450p as it doesn't think a meaningful M&A risk premium is warranted. The group has indicated that it is keen to acquire soft drinks businesses in Europe, which may involve some equity issue depend
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