Pinnacle Technology buys adept4
27th May 2016 10:37
(ShareCast News) - Pinnacle Technology has bought cloud based IT services provider adept4 for £5.5m. The AIM-listed company said the acquisition was funded through the issue of £5m of unsecured loan note to its business growth fund. An initial consideration of £4.5m will be paid in cash and a defer
Read morePinnacle Technology completes placing and open offer
10th Feb 2016 14:46
(ShareCast News) - Shareholders in Pinnacle Technology were proving their loyalty to the firm on Wednesday, with the company revealing its previously-announced open offer had been significantly oversubscribed. On 22 January, the AIM-traded provider of converged technology solutions announced it had
Read morePinnacle Technology's shares plunge as full year earnings loss widens
22nd Jan 2016 15:43
(ShareCast News) - Shares in Pinnacle Technology Group plunged on Friday after the company widened its full year earnings loss as revenues fell. In the year to 30 September 2015, earnings before interest, tax, depreciation and amortisation came to a loss of £572,000, compared to the prior year's £51
Read morePinnacle Technology agrees cloud deal with Baxters
4th Sep 2015 10:39
(ShareCast News) - Pinnacle Technology announced a cloud agreement with Baxters Food Group which will enable the company to unify its international IT Security operation. Pinnacle, which provides converged technology solutions, said it will assist in consolidating Baxters' global operations, integra
Read morePinnacle Technology reports narrower loss; appoints Simon Duckworth as non-exec director
29th Jun 2015 08:19
Pinnacle Technology posted a narrower loss in the first half, after raising £1.4m with share placements. In the six months to 31 March, the group's pre-tax loss more than halved to £0.56m, from £1.19m a year earlier. Sector-wise, IT services saw the most improvement, almost doubling to £0.63m from
Read moreSunday share tips: UK banks, MXC Capital
10th May 2015 16:02
Investors who piled into bank shares after the election results became known may have jumped the gun. True, the risk of a less disciplined approach to economic management by Labour has been eliminated. Continued economic recovery should loan losses continue to fall. Likewise, the risk of a costly ex
Read morePinnacle Technology jumps as it enters into a partnership with O2
24th Mar 2015 09:04
Pinnacle Technology has entered into a partnership with O2, part of Spanish telecoms company Telefonica. The AIM-listed telecommunications group said it will join an "exclusive" category of O2's direct partner network and receive "commercially advantageous" terms. It will provide enhanced IT securi
Read morePinnacle Technologies names Nicholas Scallan as new CEO
18th Feb 2014 14:16
AIM-listed provider of tech solutions, Pinnacle Technology, announced the appointment of a new Chief Executive Officer (CEO) with effect from March 3rd. The current CEO Alan Bonner indicated he would step down towards late 2013. Nicholas Scallan, a former Direct of Customer Solutions at technology
Read morePinnacle rebuffs Coms approach
5th Sep 2013 12:31
Pinnacle Technology has knocked back what it described as an "opportunistic" indicative offer from rival AIM-listed firm Coms. It comes two days after London-based Coms confirmed it was considering making a bid for Pinnacle in the region of 21p a share, which would value the Scottish telecoms group
Read moreSector movers: M&A continues to boost telecoms in wake of Vodafone-Verizon deal
4th Sep 2013 14:19
Telecom equities were the best performers of the day on Wednesday as M&A speculation continues to boost stocks in the wake of one of the biggest corporate deals in history between Vodafone and Verizon. The UK mobile-phone giant announced on Monday that it had reached an agreement with its US partne
Read moreComs eyes takeover of Pinnacle Technology
3rd Sep 2013 14:58
Shares in AIM-listed business services firm Pinnacle Technology rose sharply on Tuesday after Coms said it was thinking about a possible offer for the company. Coms, which is focused on hosted business phone systems, said it is "considering a possible corporate transaction with Pinnacle that could
Read morePinnacle's fifth year of growth dampened by falling revenue in telecoms unit
20th Feb 2013 09:51
Shares in AIM-listed cloud technology provider Pinnacle fell sharply on Wednesday after the company posted preliminary results for the full year ending September 30th 2012 and proposed a share consolidation. While the business as a whole posted a fifth consecutive year of growth with gross profits
Read moreContract wins round-up: Summit, Pinnacle, Eckoh
11th Sep 2012 09:49
UK drug discovery company Summit has signed a technology licensing agreement with US pharmaceuticals colossus, Bristol-Myers Squibb. The US firm will use use Summit's proprietary Seglin technology to identify and develop drug candidates for up to ten targets across multiple therapeutic areas. Summi
Read moreSmall caps round-up: Pinnacle, Armour, Sweett...
23rd Jul 2012 11:52
Pinnacle Technology Group, a provider of cloud based technology solutions, has entered into an exclusivity agreement with EE Soft, a security software company based in North Carolina in the US, under which EES has granted Pinnacle exclusivity to market and distribute its anti-theft computer security
Read moreThorntons Chairman buys 400,000 shares
22nd Feb 2012 15:39
John von Spreckelsen, Chairman of chocolate retailer Thorntons, has bought up 400,000 shares in the firm, one week after it reported that its pre-tax profit more than halved after heavy discounting. Spreckelsen, who last year announced his intention to quit the firm before the end of September, bu
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