Sage Chairman makes most of lower share price after CEO retirement news
9th May 2014 16:14
Sage Chairman Donald Brydon has purchased 15,000 shares in the company following the surprise announcement of the retirement of its Chief Executive Officer (CEO) by March next year. The FTSE-100 software firm saw its shares spiral following the news, despite it also reporting a 5% increase in half
Read moreTravelcards help Rotala to boost annual profits
25th Apr 2014 14:59
Oyster-style travelcards have helped bus operator Rotala to drive ahead annual profits. Rotala, which runs commercial bus networks in the West Midlands and north west England, said revenue from a multi-operator network card introduced by Birmingham transport authority Centro was helping it gain mar
Read moreBus company Rotala does fuel price deal
8th Oct 2013 08:04
Bus company Rotala, which runs buses in north-west England and the Midlands, has cashed in falling oil prices and the strong pound to limit its fuel costs. Rotala has fixed the price of fuel on about 95% of its expected fuel needs in 2014 and 30 per cent in 2015. It has achieved a price a little b
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreSierra Rutile Chairman tops up stake
25th Jan 2013 16:31
Jan Castro, the non-Executive Chairman of Sierra Rutile, an AIM-listed producer of titanium feedstock industrial minerals, bought 113,750 ordinary shares just two weeks after the group posted a 39 per cent increase in total rutile production for the year. The shares, which were of no par value, we
Read moreRotala acquires First Group's Worcestershire bus operations
24th Jan 2013 11:16
Rotala has acquired certain of First Group's bus operations in Worcestershire for a cash consideration of 1.5m pounds, according to a trading update posted on Thursday. The company will acquire two freehold depots, one in Kidderminster and the other in Redditch, 36 vehicles, and various items of pl
Read moreThursday broker round-up
23rd Aug 2012 09:29
Aegis: Nomura maintains buy rating and 240p target. British Land: Jefferies downgrades to hold. Cobham: Citigroup downgrades to neutral, target cut from 265p to 230p. Diageo: Jefferies maintains buy rating and 1,915p target; Investec maintains buy rating and 1,900p target. Evraz: HSBC upgrades t
Read moreSmall cap round-up: ClearStream, Optare, Brainspark
7th Mar 2011 12:36
Medical devices manufacturer ClearStream Technologies has signed a number of new distribution agreements in Scandinavia, the Middle East and the Asia Pacific region. The new markets served include Norway, Denmark, Sweden, Egypt, Iran, Indonesia and The Philippines. "We continue to target and develo
Read moreWednesday newspaper round-up: Mervyn King, Heating oil, O2...
26th Jan 2011 06:41
Households face the most dramatic squeeze in living standards since the 1920s, the Governor of the Bank of England warned, as he reacted to the shock disclosure that the economy was shrinking again. The UK's "uncomfortably high inflation" is of more concern to the Monetary Policy Committee (MPC) th
Read moreSmall caps round-up: Avon Rubber, International Ferro Metals, Mobile Streams...
25th Jan 2011 12:16
Engineering group Avon Rubber said the first quarter of 2011 is showing a better financial performance than last year and the company remains on track to deliver growth and improved results for the financial year. Avon notes that all of its US government-related businesses have experienced some de
Read moreRotala welcomes bus competition investigation
24th Feb 2010 16:24
Transport group Rotala welcomes the investigation of the bus industry by the Competition Commission and said it plans to participate fully in its deliberations. It said the investigation provides operators with an opportunity to air their views and experiences in a forum which is independent of th
Read moreRotala sees FY in line
7th Dec 2009 07:48
Transport group Rotala said it expects full year results to be in line with market forecasts and expects to pay a dividend for the year ending 30 November. The acquisitive bus operator, which has started new bus operations in Bath, Birmingham and Worcester, added that it expects the excellent cust
Read moreRotala to raise £2.15m
21st Oct 2009 08:12
Acquisitive transport group Rotala is planning to raise around £2.15m to fund the continued organic growth and strategic development of the group. Rotala said will raise the cash through a placing of 5.77m new shares at 40p each. The price represents a discount of 15.79% to the closing mid-market
Read moreSmall caps round-up: Borders & Southern, AT Communications, Scapa ...
28th May 2009 09:02
Falklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of
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