London afternoon: Footsie dips below 5700
8th Apr 2010 14:21
Footsie has slipped back below 5700 with banks joining miners in the doghouse this afternoon. Miners are out of favour as metal prices show signs of fatigue. Vedanta Resources provided a spot of cheer to the sector, saying it saw a significant uplift in annual production at all its businesses in fi
Read moreIntercede operating profit to miss expectations
8th Apr 2010 10:30
Security systems software developer Intercede said pre-exceptional operating profit will be ahead of last year but lower than market forecasts. This is due to 'slightly' lower than expected sales and continued investment for the growth of the business, the group added. Revenues for the year ended
Read moreIntercede settles patent dispute
25th Mar 2010 14:10
Investors checked out Intercede today after the security systems software developer said it has settled patent infringement disputes "on mutually acceptable terms". ActivIdentity, an American firm whose software helps confirm a person's identity when interacting digitally, filed a lawsuit against I
Read moreChairman's wife buys Redrow shares
2nd Mar 2010 16:33
Redrow chairman Steve Morgan's wife has bought 100,000 shares in the housebuilder taking their combined stake to 29.95%. Fiona Morgan paid 131.5p a share for the 100,000 shares. The total cost was £131,500. Morgan founded Redrow in 1974 and floated the company 20 years later. He also owns Wolver
Read moreSmall caps round-up: Synchronica, Works Media, Intercede...
1st Feb 2010 08:07
Synchronica says it is awaiting final documentation for a major order delivered at the end of December. On the assumption that this documentation is received, revenue for 2009 will be broadly in line with market expectations at around £4.5m. Works Media said it has completed a review of the busines
Read moreSmall caps round-up: MobilityOne, Delta, Playtech...
8th Dec 2009 08:52
Shares in MobilityOne jumped after the electronic payments group said it had raised £365,000 through a placing 'for general capital purposes.' Shares in Baltic Oil Terminals, which has port operations for the shipment of oil in the Russian territory of Kaliningrad, jumped after it said had agreed t
Read moreSmall caps round-up: Renewable Energy Holdings, Harvey Nash, Cyan ...
12th Oct 2009 09:41
Renewable Energy Holdings has completed the sale of its CETO wave power technology to ASX-listed Carnegie Corporation. REH received a 33% stake in Carnegie in return for the CETO technology. This stake is valued at just over £30m. That is nearly 60% more than the valuation for the whole of REH. Re
Read moreThursday tips round-up: Charter, PZ Cussons, Shell
11th Jun 2009 06:00
It may be the case that investors do well in the long term from holding Charter shares, but with even chief executive Mike Foster admitting there is no end to the current woe in sight, there is more to be made by holding other stocks at the moment. Sell, says the Independent. PZ Cussons has little
Read moreIntercede jumps into profits
10th Jun 2009 09:12
Security systems software developer Intercede turned into profits for the year with revenues doubling, as the firm benefited from the rapid growth in the identity and credential management market. Profit before tax came in at £1.4m against a loss of £200,000 last year on revenue that doubled from
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