Iomart confident of further growth
19th Mar 2012 07:49
Web-hosting and data storage company Iomart said it has achieved a very strong set of results across both its operating segments, ahead of market forecasts, and is confident of further growth in the next financial year and beyond. The cloud computing firm expects to show an adjusted EBITDA of not
Read moreIomart doubles profit
29th Nov 2011 08:45
Cloud computing and managed hosting services firm Iomart said half year pre-tax profit more than doubled and said trading in the second half has started well as its pipeline of opportunities continues to strengthen. Pre-tax profit rose to £2.4m for the six months ended 30 September 2011 from £1.2m
Read moreThursday broker round-up - UPDATE
24th Nov 2011 09:48
Weir: Peel Hunt upgrades from hold to buy, target cut from 2,100p to 2,000p. Weir: Investec maintains buy rating and 2,250p target. Compass: Panmure Gordon raises target from 643p to 658p, buy rating unchanged. Smith & Nephew: Panmure Gordon cuts target from 750p to 640p, buy rating kept. Dixons
Read moreIomart performance to beat expectations
29th Sep 2011 13:58
Iomart, the cloud computing and managed hosting company, put in a strong performance in the six months to the end of September. Revenues and profits were significantly ahead of the comparative period last year and consequently the firm is confident that the financial performance of the group for t
Read moreCroda boss Flower's stake grows
28th Jul 2011 17:36
Croda's chief executive Martin Flower spent more than £56,000 on shares in the speciality chemicals company - only to see the value of the shares fall on the back of its interim results. He took 3,000 shares at 1,892.2p a time and now has nearly 26,000. Shares in the company, which supplies chemica
Read moreLondon close: Footsie recovers after steep fall
3rd Jun 2011 16:40
After a steep decline after lunch - on the back of a poor start on Wall Street - the Footsie recovered to finish above water, albeit only by around 0.1%. US economic data fuelled a brief sell-off just before 2pm after some much weaker than expected jobs data. Just 54,000 new jobs were added in the
Read moreSector movers: Demand for cloud boosts computing stocks
3rd Jun 2011 16:28
The software and computer services sector is the top performing sector on Friday, helped by blue chip data search firm Autonomy. Autonomy's shares were boosted after it completed the $380m acquisition of assets from Iron Mountain. The purchase is seen to boost the group's cloud computing capability
Read moreThursday tips round-up: Galliford Try, Wolseley, Iomart
2nd Jun 2011 06:48
The good times keep on rolling at Galliford Try, the housebuilder and construction company. The 103-year-old firm yesterday boasted that it had been selected as a partner on three affordable housing contracts worth a total of £584m in London, the South-east and eastern regions of England. The fact t
Read moreIomart looks to cloud as revenues soar
1st Jun 2011 11:02
Iomart, the cloud computing and managed hosting services company, said it is consolidating its position in a growing market as it posted a sharp rise in profits and revenues. The company posted a pre-tax profit of £2.8m in the year to 31 March, up from £400,000 the previous year, on revenues that g
Read moreSmall caps round-up: Northacre, Lipoxen, Acal ...
29th Nov 2010 14:36
Property developer Northacre said the residential property sector is still suffering from a shortage in bank finance which is limiting the pipeline of new development opportunities. The company narrowed its loss before taxation in the six months ended 31 August to £1.26m from £1.98m at the interim
Read moreBroker tips: Trinity Mirror, Iomart, Nighthawk Energy
29th Nov 2010 13:20
The share price of newspaper group Trinity Mirror is down by a half over the last year and a third over the last month, prompting broker Panmure Gordon to suggest that the timing might be right for the group to embark on a share buy-back programme. The broker thinks that buying back the shares wou
Read moreBroker snap: Momentum is with Iomart
29th Nov 2010 13:17
Managed hosting and cloud computing specialist Iomart Group delivered a strong set of interim results, though whether the figures were good enough to justify the stock's premium valuation is something that is currently under consideration at finnCap. Ahead of the analysts meeting with the company f
Read moreIomart buys rival
1st Nov 2010 12:59
Managed hosting and cloud computing specialist iomart Group has snapped up rival Titan Internet for €4.2m. Titan delivers managed hosted solutions and currently manages over 1,000 servers. As at 31 August 2009, the net assets of Titan were £0.77m. The company had annual revenues of £3.43m, earnings
Read moreBroker tips: ASOS, Dignity, iomart
1st Nov 2010 12:25
Despite current trading levels remaining positive and potential seen for strong growth, KPC Peel Hunt is downgrading ASOS to a sell as it believes the current shares to be overvalued. "In terms of trading and forecast momentum, we believe the business is well placed to outperform over the Christmas
Read moreBroker snap: Positive outlook on iomart purchase
1st Nov 2010 10:42
Broker finnCap sees potential in iomart's latest acquisition and retains its 'buy' recommendation. The data management, email and IT security services provider acquired Essex-based Titan Internet for a net consideration of £3.7m. The broker describes Titan as "a smaller version of iomart's own ma
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