Tuesday tips round-up: Wm Morrison, Morgan Sindall, RM...
10th Aug 2010 06:46
Wm Morrison, the supermarket chain, trades on a 2011 price to earnings ratio of 11.9, which makes it one of the cheapest European food retail stocks. Morrisons will face a constrained consumer over the next year, but its plans to become a "nationwide" grocer by further expanding in the south, prog
Read moreUK SMALLCAP ROUNDUP: Intec Telecom In Early Offer Talks
26th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps INTEC TELECOM SYSTEMS PLC (ITL.LN), a billing software company, Monday said it is in very early discussions that may or may not lead to an offer for the
Read moreUK SMALLCAP ROUNDUP: RM Sees Scale-Back Of Pending BSF Work
26th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps RM PLC (RM.LN) expects to find out soon if it has won six Building Schools for the Future, or BSF, projects, although the amount of work required may be
Read moreBroker tips: Reckitt, Pace, RM Group
26th Jul 2010 12:16
Second quarter results from household goods maker Reckitt Benckiser beat expectations but there remain 'underlying weaknesses that are niggling the market', Panmure Gordon avows. Europe was one of those niggling worries, with sales declining by 1% in the second quarter versus Panmure Gordon's expec
Read moreBroker snap: RM to focus more on US
26th Jul 2010 12:13
Social housing firm Connaught may have been the most high profile early casualty of the government's spending cuts but educational information technology provider RM Group is feeling the effects of them too. The company said in a trading update on Monday morning that full year results "will reflec
Read moreUPDATE: RM Sees Pending BSF Contracts Being Scaled Back
26th Jul 2010 12:07
(Adds finance director comment, detail.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--RM PLC (RM.LN) expects to find out soon if it has won six Building Schools for the Future, or BSF, projects, although the amount of work required may be scaled back significantly from w
Read moreUK SMALLCAP ROUNDUP: Connaught Plunges On Funding Warning
26th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CONNAUGHT PLC (CNT.LN), a support services firm, warned it will breach its banking covenants when its fiscal year ends Aug. 31 and its year-end net debt
Read moreINTERVIEW: RM Doesn't Yet Know How Many Jobs It Will Axe
26th Jul 2010 09:16
By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. provider of educational products and services RM PLC (RM.LN) Monday said it doesn't yet know how many of the 60 staff in its strategic projects bid team will lose their jobs as part of its restructuring, as it said it would s
Read moreRM Starts Staff Consultation Process As Job Cuts Loom
26th Jul 2010 08:24
LONDON (Dow Jones)--U.K. provider of educational products and services RM PLC (RM.LN) Monday said it has begun consulting staff at its strategic projects bid team following the U.K. government's decision to cut spending in schools, and that fiscal 2010 restructuring costs will depend on the outcome
Read moreRM hit by school building cutbacks
26th Jul 2010 07:46
Schools IT equipment supplier RM will take a £1.5m charge this year and restructure its project team as a result of the cuts to the BSF (Building Schools for the Future) programme proposed by the coalition government. This review has effectively stopped all future BSF procurement and, as a conseque
Read moreUK SMALLCAP ROUNDUP: Domino's Polish Franchise Eyes GBP6.5M IPO
21st Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps DP POLAND, a new firm that has secured the Polish franchise for major pizza delivery brand Domino's Pizza Inc. (DPZ), Wednesday said it plans to raise GB
Read moreRM Secures GBP29M Stoke Schools' BSF Contract
21st Jul 2010 09:57
LONDON (Dow Jones)--U.K. provider of educational products and services RM PLC (RM.LN) Wednesday said it has secured a GBP29 million Building Schools for the Future, or BSF, contract, just two weeks after it said GBP200 million of future revenue is under threat from cuts to schools spending by the U.
Read moreTechMARK movers: Widening spread boosts Ark
12th Jul 2010 15:26
A widening of the bid/offer spread appears to be the main reason behind a jump in the share price of Ark Therapeutics. Trading has been thin on the ground with two trades in the day so far. The first was for 5,000 shares at a buying price of 5.25p and later there was a trade in 830 shares at 5.09p
Read moreTechMARK movers: BT pay deal boosts shares
9th Jul 2010 15:14
BT Group is higher after it agreed a new pay deal with the Communications Workers Union. This removes the threat of a strike. CWU members will receive a 3% annual pay increase backdated to January 2010 and lasting until March 2013. Prospect, the second biggest union in BT, has previously a greed a
Read moreLondon close: Footsie ends on a high
6th Jul 2010 17:01
The FTSE 100 finished just three points shy of its high point for the day as miners, particularly copper miners, drove the market higher. Copper producers Antofagasta and Kazakhmys were the two best performers as the price of copper rose the most in a week on the back of declining stockpiles. Mini
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