Inmarsat to launch second Global Xpress satellite in early February
22nd Jan 2015 10:51
Inmarsat will launch its second Global Xpress (GX) satellite, providing high-speed mobile broadband, on 1 February using a Proton launch vehicle, only two days later than had been expected. The FTSE 250 group confirmed that this will be the second of three launches, with the final satellite launch t
Read moreInmarsat forges tie-up to provide broadband for air passengers
20th Nov 2014 11:42
British satellite operator Inmarsat has teamed up with France's Alcatel-Lucent to develop a new high-speed broadband network for aircraft passengers across the EU. The pair say the network will offer airlines the world's fastest in-flight broadband connections with speeds of up to 75 megabytes per s
Read moreInmarsat sells stake in SkyWave Mobile Communications to Orbcomm
7th Nov 2014 12:31
Inmarsat has confirmed that it has entered into binding agreements to sell its 19% stake in SkyWave Mobile Communications to Orbcomm. The mobile satellite communications services firm said the transaction is expected to have total proceeds at closing of $32.2m. Orbcomm has in turn entered into bind
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreInmarsat lifts third quarter profit as Global Xpress remains on target
6th Nov 2014 09:33
Mobile satellite communications company Inmarsat reported an increase in third-quarter pre-tax profit as operating costs declined. Pre-tax profit in the three months ended 30 September came to $104.1m, up from $23.5m a year earlier, as impairments in the previous year were not repeated and the compa
Read moreTuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreInmarsat payment missed by Lightsquared
1st Oct 2014 15:00
Satellite group Inmarsat has issued a notice of default to bankrupt US partner Lightsquared after a scheduled payment was not paid. A quarterly payment of $12.5m and a $5m related payment were due on 30 September but Inmarsat said the $17.5m (£10.8m) payment has not been received. The payment
Read moreThursday tips round-up: RBS, Inmarsat
25th Sep 2014 08:50
With Wednesday's initial public offering of its Citizens' Financial unit RBS has passed another milestone on the road to cleansing its balance sheet. Although the reception afforded by investors to the new shares was tepid, once complete the disposal of that American unit will see the lender's commo
Read moreInmarsat receives payment from Lightsquared
29th Aug 2014 15:17
Satellite communications services group Inmarsat has received a payment totalling $9.1m from Lightsquared, but said future payments from the firm continued to be "subject to significant uncertainty". The quarterly payment was due on 1 July following Lightsquared's earlier decision to restart that
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreInmarsat struggles against tough prior year and launch delays
5th Aug 2014 09:10
Adjusted revenues and profits fell during the first half at satellite group Inmarsat, which also confirmed the expansion of its Global Xpress (GX) high-speed broadband satellite service would be delayed due to recent rocket failures from its Russian launch partner. On the upside, the FTSE 250 group
Read moreMonday broker round-up UPDATE
14th Jul 2014 10:11
Abcam: Numis cuts target price from 510p to 490p and stays with its add rating. ARM Holdings: Credit Suisse reduces target price from 1200p to 1125p and maintains an outperform rating. AstraZeneca: Jefferies reduces target price from 4850p to 4790p maintaining a hold recommendation. BP: Credit Su
Read moreInmarsat presses first Global Xpress satellite into service
30th Jun 2014 15:07
Satellite group Inmarsat has launched its first Inmarsat-5 Global Xpress satellite into commercial service. The service has started with US government customers in the satellite's Indian Ocean region coverage area. The satellite was launched last December and has since undergone extensive testing
Read moreJefferies debates capex push-back and sees 80% Inmarsat upside
25th Jun 2014 14:57
After looking closer at Inmarsat's proposed plans for an in-flight broadband network, broker Jefferies is increasingly optimistic the satellite company could warrant a valuation of £13 per share, an upside of around 80%. Jefferies debated the idea that the extra investment would "push back" a long
Read moreTuesday broker round-up UPDATE
17th Jun 2014 09:45
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
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