Tech entrepreneur MacSween sells 3.6m Iomart shares
1st Oct 2013 16:19
Angus MacSween, the technology entrepreneur who is also both the founder and Chief Executive of Iomart, the UK's largest cloud-computing company, is set to pocket 10m pounds after selling around 3.6m shares. The transaction, which was made on the same day the firm completed one of its largest acqu
Read moreIomart completes bank-funded acquisition, directors sell shares
1st Oct 2013 11:26
Directors in cloud computing company Iomart have sold a large chunk of shares on the same day the firm completed one of its largest acquisitions. Glasgow-headquartered Iomart has acquired Leeds-based cloud data backup and disaster recovery services provider Backup Technology (BTL) for £17.5m cash
Read moreTuesday broker round-up UPDATE
1st Oct 2013 09:35
African Minerals: Credit Suisse reduces target price from 350p to 280p and downgrades to neutral. British Land: Societe Generale cuts target price from 670p to 620p and downgrades to hold. Derwent London: Societe Generale reduces target price from 2610p to 2470p downgrading to hold. Faroe Petrole
Read moreFriday broker round-up UPDATE
6th Sep 2013 08:01
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p
Read moreIomart acquires server company Redstation
5th Sep 2013 09:10
Glasgow-based cloud computing company Iomart has bought privately-owned Hampshire server company Redstation for up to 8.1m pounds. It said it had paid an initial £6.6m comprising of £5.1m in cash, which will be funded out of its existing banking facilities, and £1.5m in new shares. It may pay a fur
Read moreWednesday broker round-up UPDATE
29th May 2013 08:59
AEC Education: WH Ireland lowers target price from 16p to 11p retaining a buy recommendation. Bodycote: JP Morgan downgrades to underweight with a target price of 495p. BTG: Deutsche Bank ups target price from 440p to 475p retaining a buy recommendation. De La Rue: Investec raises target price fr
Read moreiomart inflated by cloud acquisitions - UPDATE
29th May 2013 08:45
Cloud computing provider iomart lifted its dividend by more than half as three acquisitions boosted sales and profits. The highly cash generative company increased revenues 29% to £43.1m in preliminary results for the year to March 31st, with earnings before interest, tax, depreciation, amortisati
Read moreIomart expects to beat full year forecasts
26th Mar 2013 07:37
Cloud computing firm Iomart said it expects to report full year EBITDA and profit ahead of market forecasts and remains confident of further growth as a growing number of companies sign up for their online services. The aim traded Glasgow-based group said it expects to show an adjusted EBITDA of no
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreUnited Utilities director doubles stake
22nd Jan 2013 16:06
An Independent Non-executive Director of United Utilities Group doubled her stake in the group with the purchase of 5,000 shares in the company on Tuesday. Sara Weller handed bought the shares at 719.80p each for a total of £35,990. She also purchased a further 531 shares on behalf of a Mr M T Well
Read moreGeronimo Inns MD offloads shares in parent group Young's & Co
18th Dec 2012 17:00
Rupert Clevely, the Managing Director of Young's & Co Brewery's Geronimo Inns division, sold nearly half a million pounds-worth of shares in the pubs group on Tuesday. Clevely, who co-founded Geronimo Inns, sold 62,688 shares in Young's & Co at 701.3573p a pop, earning himself a total of £439,667.
Read moreMonday broker round-up UPDATE
26th Nov 2012 07:18
Aberdeen Asset Management: Peel Hunt downgrades to hold, target price rises to 365p from 350p. Associated British Food: Investec raises target price from 1300p to 1400p, hold recommendation maintained. Barclays: JP Morgan raises target price from 250p to 320p and upgrades to overweight. Beazley:
Read moreIomart to beat full year expectations
27th Sep 2012 12:17
Iomart, the Glasgow-based cloud computing and managed hosting services group, has reported a strong half year performance and is now confident that its full year results will be ahead of current consensus market expectations. This was as a results of both revenue and profits in the six months ende
Read moreForum director exercises options over one million shares
29th May 2012 16:06
Walter Brown, a Non-Executive Director of UK based gas & oil Forum Energy, has exercised one million shares in the company at 31p each. The £310,000 transaction took place on March 25th, the same day the company unveiled the findings of a report which shows an improvement in the previously known r
Read moreIomart doubles profit
29th May 2012 07:04
Iomart the Glasgow-based cloud computing and managed hosting services group, doubled full year pre-tax profit and lifted revenue by a third. The Aim listed company, which has made three acquisitions in the past year, said pre-tax profit rose to £5.8m for the year ended 31 March 2012 from £2.8m the
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