Iomart's new acquisitions boost revenue but profits dip
4th Dec 2018 09:06
(Sharecast News) - Iomart failed to improve first-half profits despite an increase in first-half revenue thanks to a strong contribution from newly acquired businesses in its cloud services segment.
Read moreIomart to outstrip last year's performance as new business rises
1st Oct 2018 08:52
(Sharecast News) - Cloud computing firm Iomart on Monday projected that both its first-half revenues and profits will be "well ahead of the comparative period last year".
Read moreCMA to probe cloud storage, price comparison sites and local councils
30th Nov 2015 11:51
(ShareCast News) - Probes into the cloud storage industry, price comparison websites and local government authorities will all be launched by the UK competition watchdog in coming few months, with the support of Chancellor George Osborne. An investigation has already begun into cloud storage, the Co
Read moreIomart Group annual profit rises, more acquisitions lined up
9th Jun 2015 09:19
Cloud computing firm Iomart Group reported an increase in annual pre-tax profit and said it had started the current year strongly. In the year to 31 March, the London-listed group posted an 11.3% rise year-on-year in pre-tax profit to £10.8m, while revenue climbed 18.3% to £65.8m, despite being drag
Read moreIomart buys SystemsUp for £9m
8th Jun 2015 10:44
Cloud computing company Iomart has acquired SystemsUp for an initial cash consideration of £9m. SystemsUp, a London consultancy focused on the delivery of IT transformation using Public Cloud, generates a turnover in the 12 months to 31 March of £4m, while pre-tax profit came in at £1.5m and net ass
Read moreMonday broker round-up
8th Jun 2015 08:04
Shire: Deutsche Bank reiterates buy recommendation and 6,000p target. Bellway: Deutsche Bank stays at hold with a 2,326p target price, Citi reiterates buy. Halfords: Deustche Bank remains at hold and ups target to 480p from 460p. Churchill Mining: Northland initiates coverage at 'speculative buy'.
Read moreWednesday tips round-up: Asos, Iomart
10th Dec 2014 10:09
When something seems too good to be true, it probably is. Shares of on-line fashion retailer Asos are trading at a price-to-earnings ratio of 54.3 versus a rating of between 30-35 times profits for well-established and successful technology firms such as ARM Holdings. Furthermore, while the company
Read moreTuesday broker round-up
9th Dec 2014 09:23
Aberdeen: Cantor Fitzgerald initiates with a target price of 520p and a 'buy' recommendation. Aggreko: Jefferies reduces target price from 1810p to 1350p, downgrading to 'underperform'. Ashcourt Rowan: Cantor Fitzgerald initiates with a target price of 270p and a 'buy' recommendation. Ashmore: Can
Read moreIomart bullish on outlook after Cinven withdraws bid
16th Sep 2014 13:03
After private equity suitor Cinven withdrew its bid on Monday night, web hosting group Iomart issued a trading update that said interim revenue and profits will be "substantially" higher than last year. Iomart had rejected two previous bids from Cinven subsidiary Host Europe and talks over a third b
Read moreWednesday broker round-up UPDATE
20th Aug 2014 10:50
BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged. Investec increases target price from 2175p to 2205p and maintains a hold recommendation. Big Yellow Group: Liberum Capital ups target price from 565p to 591p and keeps its buy recommenda
Read moreWednesday broker round-up UPDATE
28th May 2014 09:57
Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE
Read moreIomart lifts dividend as profit soars
28th May 2014 08:03
- Full-year profit rises by more than a third - Hikes dividend payment by a quarter - Strong start to new financial year Cloud computing firm Iomart reported a sharp increase in annual profit, upped its dividend and said it is well positioned for further significant growth. The aim-listed Glasgow
Read moreNew business and acquisitions buoy Iomart
26th Mar 2014 15:30
New business and acquisitions helped cloud computing company Iomart to forecast better-than-expected annual profits. Iomart said its hosting operation had continued to win a "substantial" amount of business during the year. The division also benefited from contributions from Redstation, and Backup
Read moreWednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
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