London open: Thomas Cook leads the slide
12th Jul 2011 08:26
London's leading share index is down by nearly 100 points but it is FTSE 250-listed travel group Thomas Cook that is the main talking point after a profit warning. Thomas Cook's shares are down by more than a fifth after it said its third quarter results will miss expectations as the turmoil in the
Read moreLondon pre-open: Decline set to continue
12th Jul 2011 07:37
With the Dow Jones suffering a triple digit fall in the US last night, traders' screens are expected to be mostly red when the market opens. City sources said the top-share index is expected to open almost 50 points down from last night's close of 5,929. Thomas Cook's third quarter results will mis
Read moreComputacenter on track for FY
12th Jul 2011 07:21
IT infrastructure services and solutions provider Computacenter expects profitability in the first half to be comfortably ahead of the same period last year and is on track to deliver full year results in line with company forecasts. The first half of the financial year ending 31 December 2011 saw
Read moreTuesday preview: Computacenter, inflation, trade figures
11th Jul 2011 17:53
Information technology infrastructure services provider Computacenter made a steady start to the year, it said back in April, and this is likely to have continued in the second quarter, Panmure Gordon reckons. "We anticipate that group Q1 [first quarter] revenue increased by c2% on a reported basis
Read moreAMEC non-exec doubles stake
2nd Jun 2011 14:29
Colin Day, a non-executive director at AMEC, has doubled his holding in the FTSE 100-listed engineering and project management company. He bought 10,000 shares at 1,140p a time, paying a total of £114,000 and taking his holding to 20,000. Day, who joined the board of Amec last year, is the chief
Read moreUK a drag on Computacenter's growth
20th Apr 2011 08:43
Information technology infrastructure services provider Computacenter has seen revenue growth in Germany and France offset weaker demand in the UK in 2011. Describing performance so far in 2011 as "satisfactory" the group said group revenue for the first quarter was up 2% on a year earlier, with se
Read moreChairman increases interest in Computacenter
22nd Mar 2011 16:58
A person connected to IT services provider Computacenter chairman Greg Lock has invested £210,000 in the company. Rosemary Lock has acquired 50,000 shares at 420p each. That takes Greg Lock's beneficial holding to 400,000 shares. Lock is also chairman of Kofax and he is a former chairman of Surf
Read moreF&C chairman continues buying
18th Mar 2011 16:54
F&C Asset Management chairman Edward Bramson's interests have been consistently buying shares in the past week, while F&C chief executive Alain Grisay has made a significant disposal. Bramson was appointed chairman of F&C last month after a shareholder coup but his investment vehicle SIGA LP had
Read moreFriday tips round-up: Standard Life, Cineworld, Clarkson...
11th Mar 2011 06:56
Standard Life suffered a rough session as its shares fell more than 7% after it issued full-year results. Stripping out various one-offs, yesterday's figures came in roughly in line with expectations, with operating profit rising to £425m from £399m a year earlier. Sales of long-term savings were h
Read moreComputacenter expects further growth in 2011
10th Mar 2011 18:23
IT services provider Computacenter reported 2010 figures in line with expectations and management expects further improvement this year. Ongoing revenues grew 11% to £2.68bn, while underlying pre-tax profit was 22% ahead at £66.1m. The total dividend rose from 11p a share to 13.2p a share. Net ca
Read moreDatatec ups guidance
10th Mar 2011 16:33
Information technology supplies and services company Datatec has upgraded profit guidance for the full year and said that revenue will be towards the top end of the expected range. The board expects revenues of around $4.3bn and profit after tax of some $61m in the year to 28 February 2011. That
Read moreLondon close: Late rally not enough
15th Feb 2011 16:44
Weakness in the US sent shares into the red and a slight rally in late trading failed to lift the FTSE 100 into positive territory. US retail sales were up 0.3% in January, according to the Commerce Department, though they'd risen 0.5% the month before and were expected to do the same this time. Ex
Read moreFTSE 250 movers: Micro Focus shares fall 28%
15th Feb 2011 16:09
Shares in Micro Focus took a major tumble, losing almost a third, after the business software specialist reported third quarter revenues that came in well short of expectations. The group will take a restructuring hit of between $14m and $18m in the final quarter of this year after the "disappointi
Read moreLondon afternoon: US retail sales setback
15th Feb 2011 14:30
Footsie moved into the red over the lunch time session after the release of disappointing US retail sales figures. US retail sales were up 0.3% in January, according to the Commerce Department, though they'd risen 0.5% the month before and were expected to do the same this time. Excluding autos,
Read moreComputacenter makes French purchase
15th Feb 2011 11:18
Computacenter has bought Paris-based IT reseller Top Info SAS for £17.6m (€21m). There is cash in the balance sheet and Computacenter will pay around £12.6m (€15m) to acquire that. A further £800,000 (€1m) could become payable depending on Top's performance in 2011. The business made a profit of €
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