ITE Chairman bows out after 10 years
23rd Mar 2012 11:15
Trade exhibitions group ITE will be under new management from tomorrow. The current Chairman Iain Paterson steps down Friday evening after 10 years with the company. During his time at the helm ITE shares have increased 576% in value, although the last 12 months have been difficult, with the stoc
Read moreThursday broker round-up - UPDATE
26th Jan 2012 09:34
Misys: Panmure Gordon cuts target from 335p to 295p, hold rating unchanged; Peel Hunt puts 250p target under review, hold rating kept; Merchant Securities initiates coverage with sell rating and 220p target. Mitchells & Butlers: Panmure Gordon keeps hold and 240p target; Peel Hunt retains hold rati
Read moreITE trading in line with expectations
26th Jan 2012 08:52
Exhibitions and conferences firm ITE Group has been trading in line with management expectations for the first three months of the financial year, with revenues of £31m, compared to £20.5m for the same period the previous year. The Kazakhstan Oil and Gas Exhibition & Conference achieved sales of 8
Read moreITE chief sells shares to cover tax
5th Dec 2011 16:12
Russel Taylor, chief executive of exhibitions and conferences firm ITE, has sold £232,228-worth of shares in the firm just days after the firm saw full revenues and profits jump as its sector defied the general economic gloom. Taylor, who joined the firm in 2003 and took up his current role in 2008
Read moreMonday broker round-up - UPDATE
5th Dec 2011 08:45
Kingfisher: Credit Suisse raises price target to 310p from 295p, outperform rating kept. Berkeley Group: Credit Suisse raises target to 1,225p from 1,079p, maintains neutral. Berkeley Group: UBS raises target to 1,530p from 1,480p. BG Group: UBS ups price target to 1,635p from 1,600p, stays at
Read moreWednesday tips round-up: Construction, ITE, IG Group ...
30th Nov 2011 07:34
Much has changed since the Independent's Investment Column looked at spread betting firm IG Group. For one thing, the economic outlook has turned darker, making IG's chunky prospective dividend yield of 5% (and higher on some estimates) look that much more attractive, the Indy reckons. The income, a
Read moreLondon midday: Modest gains ahead of Osborne speech
29th Nov 2011 12:01
With US stock futures pointing to a positive start on Wall Street, London's FTSE 100 index reversed its earlier losses to trade modestly in the blue by midday on Tuesday. All eyes have turned to the Chancellor of the Exchequer, ALL EYES ON GEORGE George Osborne is to make his Autumn statement at
Read moreITE beats expectations with record results
29th Nov 2011 09:10
Exhibitions and conferences firm ITE Group saw full revenues and profits jump as its sector defied the general economic gloom. Adjusted profit before tax in the year to the end of September rose to £51.4m, from £36.6m the year before. Revenue climbed to £155.5m from £113.5m last year, all of whic
Read moreLondon open: Miners and banks prove a drag
29th Nov 2011 08:36
Investors are generally holding their fire ahead of this afternoon's Autumn statement from the Chancellor of the Exchequer, George Osborne. The Footsie gives back a few of the gains made yesterday, largely as a result of the weakness of miners, while banks are also off the boil. PUTTING ON A SHOW
Read moreLondon pre-open: Modest gains ahead of Chancellor's speech
29th Nov 2011 07:10
London is set to open higher, but gains are modest as investors wait to see what the Chancellor of the Exchequer, George Osborne, has up his sleeve today; Osborne is due to present his Autumn statement to parliament this afternoon. City sources predict the FTSE 100 will open up 10 points from yest
Read moreTuesday preview: Autumn statement, ITE, Topps Tiles
28th Nov 2011 15:45
The Chancellor of the Exchequer, George Osborne, makes his Autumn statement on Tuesday and, as usual, he will have had no shortage of lobbyists offering him advice on how to kick-start the UK economy and, while he is at it, get the Tories re-elected. The Chancellor is expected to begin his speech a
Read moreITE increases presence in Ukraine
28th Nov 2011 08:11
Exhibitions and conferences firm ITE Group has added a number of exhibitions in the Ukraine to its portfolio with the acquisition of Autoexpo. Gross assets included in the transaction were $50k as at 24 November 2011. The portfolio of 10 exhibitions acquired generated revenues of $3m and pre-tax
Read moreUPDATE: Monday broker round-up
3rd Oct 2011 09:03
Antofagasta: Citi upgrades to hold, target cut from 1,230p to 1,010p. Man Group: Citi has kept its hold/high risk rating and 190p target. Lonmin: Citi maintains hold/medium risk recommendation and 1,237p target. Burberry: Nomura reiterates neutral rating and 1,356p target. Cookson: UBS upgrades
Read moreLondon open: Footsie drops below 5,000
3rd Oct 2011 08:29
The Footsie plummeted in early trading on Monday, dropping below the 5,000 level, as euro worries continue to dampen sentiment. Despite Greece's tough austerity measures, the debt-stricken country revealed on Sunday that it will miss its deficit target for 2011, as it unveiled plans for job cuts ac
Read moreITE Group confident of another strong year
3rd Oct 2011 07:10
Exhibitions and conferences firm ITE Group said trading in the fourth quarter remained strong and it is confident in its prospects for 2012 and beyond. Results for the fourth quarter have continued to reflect the trading patterns noted in our previous statements, ITE said. Moscow is trading well
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