RM downgraded after trading statement
10th Feb 2011 15:23
RM, which supplies IT services to the educational sector, has been downgraded by broker Daniel Stewart following its interim management statement. Daniel Stewart has cut its profit projection for the 12 months to September 2011 from £22.4m to £20.4m. Revenues are expected to fall from £382m to £35
Read moreRM secures Camden contract
22nd Dec 2010 11:32
Education IT services provider RM has closed a £6.1m contract to provide services for the London Borough of Camden's Building Schools for the Future (BSF) programme. The programme covers three schools and RM is providing services as part of the BAM consortium. RM originally announced that it was p
Read moreManagers back Goals Soccer
16th Dec 2010 17:13
Members of the management team at Goals Soccer Centres considered today's trading update an opportunity to buy - over £200,000 of shares in total. The five-a-side football pitch operator said trading has been resilient, though the recent snowfall means the company is unlikely to meet its 2010 profi
Read moreBetfair finance chief buys
15th Dec 2010 16:33
Betfair finance director Stephen Morana has bought £100,000 worth of shares in the betting exchange operator following yesterday's share price fall in the back of interim figures. Betfair floated in October at an offer price of 1,300p a share. It dipped below that price prior to the interims and a
Read moreTechMARK movers: Inflection Point for Asterand
30th Nov 2010 14:08
Human tissue supplier Asterand has been boosted by the late announcement that Inflection Point Investments took a 4.11% stake at the end of October. Inflection Point says that it invests in small or medium sized companies "positioned at the bottleneck of new structural Emerging Growth themes". The
Read moreNew FD buys M&S shares
23rd Nov 2010 16:43
New finance director Alan Stewart has bought his first shares in Marks & Spencer. Stewart, who took up his new role in October, has bought 10,000 shares at 375.44p each - a total cost of £37,544. Stewart has previously been finance director of WH Smith, aircraft leasing company AWAS and Thomas Co
Read moreLondon close: Lower finish as Irish relief fades
22nd Nov 2010 16:51
Footsie was nursing significant losses as trading closed after relief over the Irish bail-out gave way to concerns that the problems will now spread to other eurozone countries. Royal Bank of Scotland, which has strong exposure to Ireland on both sides of the border through its subsidiary Ulster B
Read moreLondon midday: Footsie gives up gains
22nd Nov 2010 12:06
Footsie has turned lower as the relief over the EU bail-out of Ireland fades. Miners got a boost on hopes the bail-out will stabilise the global economy but are now mixed. Xstrata is slightly higher but BHP Billiton and Rio Tinto are among the fallers. It's a slow start to the week on the compa
Read moreLondon open: Ireland gives market a lift
22nd Nov 2010 08:42
Markets opened strongly on hopes that Ireland's decision to accept a bail-out will mean some stability for the battered eurozone. Miners are leading the market higher with banks also in demand. Xstrata, Kazakhmys and Vedanta are the best of the metals-focused firms, while Lloyds and Barclays have p
Read moreRecord profit at RM
22nd Nov 2010 08:11
Education solutions provider RM reported record full year profit as growth continues in each of its three divisions. Pre-tax profit rose to £24m for the year to 30 September 2010 from £16.3m the year before. Revenue increased to £380.1m from £346.9m the year before. RM said its enters 2011 wel
Read moreTuesday tips round-up: Brit Insurance, BP, Hochschild Mining...
21st Sep 2010 06:39
Private equity looked to be closing in on Brit Insurance, the sponsor of the England cricket team, on Friday after US firm Apollo was joined by peer CVC Capital Partners in making an improved bid of up to £870m for the insurance group. The Lloyds of London insurer said it expected to recommend the
Read moreTechMARK movers: Positive RM
20th Sep 2010 16:09
IT services provider to the education sector RM says trading is in line with expectations and this has perked up the shares which have started to recover from their slide when the government cancelled some educational projects. All parts of the business should show growth and RM is still winning
Read moreRM trading in line
20th Sep 2010 09:02
Education specialist RM said trading has been in line with market expectations and it expects revenue growth in each of its three divisions during 2010. Chief executive Terry Sweeney commented, "During summer 2010, we will have commissioned more new schools, processed more examination scripts, and
Read moreTechMARK movers: RM's LEGO joint venture.
15th Sep 2010 12:26
Shares in educational IT services provider RM perked up today when it confirmed its joint venture with LEGO Education. The joint venture will be the exclusive distributor of LEGO products to the education sector in Europe. RM will own 49% of the business. This helps to offset recent disappointme
Read moreTechMARK movers: Ark soars as it cuts cash burn
9th Sep 2010 12:35
Shares in Ark Therapeutics have soared on the back of a restructuring that will halve the monthly cash outflow. The cancer treatments developer will focus on developing and licensing its gene technology platforms. A restructuring of the business and reduction of employees will enable Ark's cash to
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