Thursday broker round-up
22nd Nov 2018 13:37
(Sharecast News) - Royal Mail: RBC Capital Markets upgrades to sector perform with a target price of 500p.
Read moreRedcentric dives as CEO quits amid revenue stagnation
22nd Nov 2018 08:40
(Sharecast News) - Redcentric plummeted on Thursday after its chief executive resigned as "disappointing" results showed a fall in half-year revenue despite initiatives to boost growth.
Read moreRedcentric cuts through net debt in first half of trading
4th Oct 2018 08:56
(Sharecast News) - British IT services provider Redcentric told investors on Thursday that trading had been in line with expectations throughout the first half of its trading year.
Read moreRedcentric wins NHS Digital's peering exchange contract
30th Jan 2017 08:00
(ShareCast News) - Redcentric, the IT managed services provider, has won a three-year contract with the NHS Digital's Health and Social Care Network, which it said was "one of its most significant public sector wins to date". The contract, which carries the option to extend for a further three ye
Read moreRedcentric appoints Peter Brotherton CFO
23rd Nov 2016 09:03
(ShareCast News) - Redcentric, an IT managed services provider, has appointed Peter Brotherton as chief financial officer, company secretary and a director, effective from 28 November. Brotherton, who has over 25 years experience in finance, was previously CFO of Gametech and at PKR Group, an energy
Read moreRedcentric parts company with CFO after accounts misstated
7th Nov 2016 09:41
(ShareCast News) - IT managed services provider Redcentric has parted company with its finance director and is calculating its banking covenants after its accounts were found to have been misstated. The company said it would probably have to reduce current net assets by £10m and write down some hist
Read moreRedcentric appoints new COO, says on track to meet FY expectations
29th Sep 2016 11:34
(ShareCast News) - AIM-listed IT managed services provider Redcentric announced the appointment of Mo Siddiqi as chief operating officer and expressed confidence that it will deliver results in line with its expectations for the year. Siddiqi joins the group from IT infrastructure services provider
Read moreRedcentric's full year revenues rise by 16%
16th Jun 2016 10:01
(ShareCast News) - Full year revenue rose at Redcentric, an IT service provider, boosted by organic growth and two acquisitions. Revenue increased 16% to £109.5m in the year to 31 March 2016, representing 8% organic growth. Recurring revenue grew 17% to £90.2m including 11% organic growth. Recurr
Read moreRedcentric agrees to buy City Lifeline
29th Jan 2016 15:48
(ShareCast News) - UK IT services provider Redcentric has agreed to buy City Lifeline for £4.8m, the company announced on Friday. Redcentric said it will pay for the London operator of data-centres in cash upon completion, subject to adjustment for cash, debt and normal working capital. In the year
Read moreRedcentric interim profit drops on acquisition costs
9th Nov 2015 12:32
(ShareCast News) - IT managed services provider Redcentric posted a drop in first half pre-tax profit as it booked one-off acquisition and integration costs from its purchase of of Calyx Managed Services. For the six months to the end of September, pre-tax profit came in at £1.39m from £3.85m in the
Read moreSunday share tips: Oxford Instruments, FTSE 100 miners, Redcentric
18th Oct 2015 14:21
(ShareCast News) - Oxford Instruments shares should be sold, said the Sunday Times' Inside the City column. The high-tech device maker spun out of Oxford University in 1959 needs to operate right on the bleeding edge of technology, and often depends on acquisitions to stay relevant - but not even th
Read moreRedcentric wins £3.5m contract with HSCIC
29th Jun 2015 07:27
IT managed services provider Redcentric has won a major contract with the Health and Social Care Information Centre (HSCIC) worth over of £3.5m. Under the two-year deal, AIM-listed Redcentric will provide Database as a Service (DBaaS) devised to support a national infrastructure programme. The serv
Read moreRedcentric eyeing M&A opportunities as annual profits beat forecasts
15th Jun 2015 08:05
IT managed services provider Redcentric beat analysts' forecasts with its full-year results on Monday and said it was looking at further acquisitions following the takeover of Calyx in April. The AIM group reported revenues of £94.3m for the year to 31 March, up 62% on the year before, representing
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 moreLondon pre-open: Gains expected ahead of busy week
16th Mar 2015 07:53
UK stocks were expected to rise on Monday morning following a poor showing by the FTSE 100 last week. City sources predict the Footsie will open 28 points higher than Friday's close of 6,740.58. A strengthening US dollar, concerns about Greece and slowdown worries in China dampened stocks last week
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