London close: Flat finish for FTSE 100
20th Jul 2010 16:42
There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge
Read moreLondon afternoon: Cautious note from De La Rue
20th Jul 2010 14:25
Footsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi
Read moreLondon midday: Public sector specialists hit
20th Jul 2010 12:10
Sovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling. Cable & Wireless Worldwide is the bi
Read moreITE sees improving trading environment
20th Jul 2010 07:42
Exhibitions group ITE is trading in line with expectations and said it has noted indications of an improving trading environment in some of its principal markets. The benefits of these better trading conditions will mostly be seen in next year's events, it added. Revenues in the three month period
Read moreITE Group Sees FY Trading In Line With Company Views
20th Jul 2010 07:31
LONDON (Dow Jones)--ITE Group PLC (ITE.LN), an organizer of international trade exhibitions and conferences, said Tuesday it is trading in line with management's expectations for the year. MAIN FACTS: -The trends noted in the first half of the financial year have continued through the third
Read moreTuesday tips round-up: Mitie, ITE, Kier
18th May 2010 06:44
Net debt of £87m gives outsourcer Mitie plenty of scope to pursue more acquisitions ? a topic on which it is making bullish noises. It is also taking its first tentative steps into continental Europe. At 238¼p, up 8¼p, or 12 times current-year earnings, Mitie has the longer-term potential to secur
Read moreLondon close: Flat finish for FTSE 100
17th May 2010 16:51
A late slide on the back of weakness in the US resulted in a flat finish for FTSE 100, which had been buoyant for most of the day following a recovery after Friday's slide. Life insurer Prudential's announcement of a rights issue barely moved the stock. Much of the news from the Pru was leaked befo
Read moreLondon afternoon: Shares stay strong
17th May 2010 15:19
A sluggish start on Wall Street has failed to dent sentiment in London, where stocks are higher following Friday's slide. Life insurer Prudential's announcement of a rights issue has barely moved the stock. Much of the news from the Pru was leaked beforehand, but an 11-for 2 rights issue still repr
Read moreITE first half revenue, profit drops
17th May 2010 14:56
Exhibitions group ITE reported a drop in both profit and revenue in what it called a 'challenging' first half. Pre-tax profit dropped to £5.6m in the six month ended 31 March compared with £11.1m last time, on revenues of £39.2m from £43.2m previously. Chief executive Russell Taylor said: "The exh
Read moreFTSE 250 movers: Mitie climbs after mighty profit rise
17th May 2010 14:21
Services group Mitie is going well after it revealed a 17% rise in annual pre-tax profit, increased its dividend and said it is confident on delivering sustainable profitable growth. Private equity group SVG Capital falls after saying it has seen the value of its quoted investment portfolio grow by
Read moreBroker tips: Persimmon, Informa, Blacks Leisure
2nd Mar 2010 13:06
The wheels have come off the Persimmon revival bandwagon this year with the stock coming down from its January peak of around 500p to dip below 400p at one point but they are back on the rise after Tuesday's results, with good cause, in Panmure Gordon's view. The broker has upgraded its price targe
Read moreBroker snap: Stormer from Informa
2nd Mar 2010 11:22
Full year results from business publisher Informa were well ahead of expectations, according to Panmure Gordon, raising the prospect of earnings upgrades for 2010. 'There should be scope to upgrade FY 10 EPS [earnings per share for fiscal 2010] pending further contact with the company. The EPS base
Read moreITE Group weathers downturn
1st Dec 2009 09:09
Exhibitions group ITE saluted the 'must-do' nature of its events as it posted higher revenues and profits in the year to September 30. ITE, which organises exhibitions for industry sectors such as construction, oil and gas, mining and healthcare, saw pre-tax profits climb to £41.5m from £34.4m as r
Read moreAlpha chairman raises stake
30th Sep 2009 16:57
Colin Barrow, the chairman of Alpha Strategic, which acquires shares in hedge fund management businesses, increased his stake in the group to nearly 14%. Barrow purchased 65,000 ordinary shares at a price of 106p per share. He has increased his stake to 625,000 shares, which represents 13.83% of th
Read moreITE Group to beat expectations
30th Sep 2009 08:01
Exhibition organiser ITE Group said it expects profits for the year to September 30 to be ahead of current expectations as cost-cutting and favourable exchange rates help it cope with sharply reduced sales volumes. The firm, which organises exhibitions about subjects such as the oil and gas industr
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