Cohort half year profits double
15th Dec 2011 12:59
Shares in defence technology supplier Cohort rose more than 6% after the firm reported a doubling of profits for the six months ended 31 October. Continuing its recovery, the group's revenue rose 14% from £32.7m to £37.4m, boosting pre-tax profits which soared from £0.7m to £1.8m. Earnings per sh
Read moreThursday broker round-up - UPDATE
15th Dec 2011 08:48
Hays: Barclays initiates at outperform. Morgan Crucible: Goldman Sachs upgrades to buy from neutral. Hargreaves Lansdown: Citi cuts to neutral from buy. Cairn Energy: Investec keeps hold, target cut from 333p to 291p. Betfair: UBS raises target from 620p to 625p, sell rating unchanged. Logica:
Read moreTuesday tips round-up: Wolfson, Cohort, British Land
28th Jun 2011 06:28
Chip group Wolfson Microelectronics said, ahead of the interim figures on July 25, that second-quarter revenues would be at the bottom end of forecasts of $37m (£23m) to $39m and that revenues would grow during 2011 by 10% to 20%, against earlier market forecasts of about 30%. Various unnamed custom
Read moreLondon midday: Stocks edge higher despite Ocado slump
27th Jun 2011 12:14
Stocks are clinging onto gains overall on a quiet start to the week, but Ocado, the grocery deliverer, has slumped following negative broker coverage after its half year results. Ocado said the only limit on its growth is capacity as it moved into profit in the half year to 15 May and announced a
Read moreCohort profits rise, wins UK defence contract
27th Jun 2011 09:54
A rise in profits and a contract win helped Cohort narrow what its chief executive sees as the unjustified gap between the share price and the real value of the defence technology group. Pre-tax profits excluding exceptional items in the year to 30 April climbed to £4.9m from £4m the previous year
Read moreCohort wins £5.8m contract
30th Mar 2011 14:19
Defence technology supplier Cohort has won a £5.8m training services contract for the Ministry of Defence's Permanent Joint Headquarters (PJHQ) at Northwood. The contract is for an initial two year period, which starts at the beginning of April. There is an option for a third year. If the contract
Read moreCohort hurt as surveillance group underperforms
16th Dec 2010 13:42
Defence and engineering consultant Cohort's shares fell sharply after it said pre-tax profits for the full year will miss previous expectations. The company pointed to a poor performance at SEA, its surveillance systems and software company. "SEA's performance has been poor and action is being tak
Read moreSmall caps round-up: Norseman Gold, Cohort, Kea...
27th Oct 2010 12:29
Australian miner Norseman Gold suffered a drop in production during the first quarter to 12,229 ounces from 14,469 ounces in the three months to June following a fatality at the OK Decline in August. The accident caused a three week shutdown at the mine and meant output was well below target but i
Read moreSmall caps round-up: Agriterra, Cohort, GB...
18th Oct 2010 11:34
Agriterra, focussed on the agricultural sector in central and southern Africa, is making "fantastic" progress, announcing record buying and sales of maize in Mozambique. Sales soared 174% in May, they were up 208% in June, 149% in July and have more than doubled in August and September. Milling ope
Read moreCohort:SEA Wins EUR3.5M Contract
15th Jul 2010 12:40
LONDON (Dow Jones)--Cohort PLC (CHRT.LN), a independent technology group, said Thursday that its subsidiary SEA has been selected by Surrey Satellite Technology Ltd. (SSTL) to provide an Instrument Control Unit for the European Space Agency's EarthCARE mission, a contract valued at EUR3.5 million.
Read moreCohort Names Bill Bird New SCS Managing Director
28th Jun 2010 09:00
LONDON (Dow Jones)--Cohort PLC (CHRT.LN), an independent technology group, Monday announces that it has appointed Bill Bird as the new Managing Director of Systems Consultants Services Ltd, its defense technical advisory business, with effect from Sep. 6. MAIN FACTS: -Bird joins the group fr
Read moreCohort FY10 Pretax Profit Down 41%, Final Dividend Up 17%
28th Jun 2010 08:46
LONDON (Dow Jones)--Cohort PLC (CHRT.LN), an independent technology group, reported Monday a 41% decline in pretax profit for fiscal 2010, but increased its final dividend payment by 17%. MAIN FACTS: -Revenue for the year ended April 30 GBP78.1 million (2009: GBP76.7 million). -Pretax pr
Read moreLondon close: Footsie finishes in the red
13th Apr 2010 16:16
Footsie finished slightly in the red but recovered from earlier lows as the benchmark index slumped in the afternoon following a poor start on Wall Street. US aluminum producer Alcoa fell after revenue came in short of expectations, which weighed on the mining sector in the UK. Kazakhmys, Fresnill
Read moreLondon afternoon: Losses pared
13th Apr 2010 14:25
Footsie perked up over the lunch time session despite expectations of a weak start on Wall Street. Retail sales data has given a boost to retailers such as Kingfisher, Marks & Spencer, Next and Tesco. UK retail sales in March rose at their fastest rate in almost four years thanks to the earlier t
Read moreLondon midday: Equities drift lower
13th Apr 2010 12:07
Mining stocks remain a drag on the Footsie but retailers see some support following the release of upbeat retail sales data. UK retail sales in March rose at their fastest rate in almost four years thanks to the earlier timing of Easter this year, new figures from the British Retail Consortium show
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