London close: Stocks rise as US consumer confidence remains stable
26th Mar 2024 17:06
(Sharecast News) - London markets closed in positive territory on Tuesday, buoyed by a stable US consumer confidence report and anticipation for upcoming inflation data.
Read moreSoftcat hits operating profit record even as revenue slips
26th Mar 2024 09:36
(Sharecast News) - IT infrastructure specialist Softcat reported an 8.8% fall in first-half revenue on Tuesday, to £467.2m, but still achieved double-digit growth in gross profit, rising 11% to £196.5m.
Read moreTuesday preview: US durable goods orders, Softcat in the spotlight
25th Mar 2024 14:17
(Sharecast News) - Investors' focus on Tuesday will be on a raft of economic reports due out in the States.
Read moreJP Morgan sees no upside at Softcat despite share-price weakness
3rd Jan 2024 08:31
(Sharecast News) - JP Morgan has reiterated its 'underweight' rating on Softcat following investor feedback on its recent downgrade, saying that the stock is still too expensive given the deteriorating outlook for the IT infrastructure and services provider.
Read moreLondon close: Stocks slip after mountain of broker notes
28th Nov 2023 15:30
(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.
Read moreSoftcat flags first-quarter growth in line with expectations
28th Nov 2023 07:18
(Sharecast News) - IT infrastructure technology and services provider Softcat said in a trading update on Tuesday that it achieved substantial year-on-year growth in first-quarter gross profit, registering double-digit figures.
Read moreLondon close: Stocks slip ahead of FOMC minutes, Autumn Statement
21st Nov 2023 15:19
(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.
Read moreJP Morgan downgrades Softcat on slow earnings growth
21st Nov 2023 08:07
(Sharecast News) - JP Morgan has downgraded its rating on Softcat from 'neutral' to 'underweight', saying that the IT infrastructure and services provider's slow earnings growth doesn't justify the stock's premium valuation.
Read moreSoftcat reports year of robust organic growth
24th Oct 2023 07:54
(Sharecast News) - Technology infrastructure product and service provider Softcat described a year of robust profitability and cash generation in its preliminary results on Tuesday, although its shares were sliding after revenue fell almost 9% and failed to meet market forecasts.
Read moreCiti upgrades Softcat, downgrades Computacenter
13th Jul 2023 08:24
(Sharecast News) - Citi upgraded Softcat and downgraded Computacenter on Thursday as it refreshed its view on the European value-added resellers, "keeping in consideration a return to more normal growth for the space post pandemic induced spurt in demand".
Read moreBroker tips: Softcat, Computacenter, Hunting, Schroders
13th Jul 2023 08:09
(Sharecast News) - Citi upgraded Softcat and downgraded Computacenter on Thursday as it refreshed its view on the European value-added resellers, "keeping in consideration a return to more normal growth for the space post pandemic induced spurt in demand".
Read moreSoftcat sees FY earnings in line
30th May 2023 07:15
(Sharecast News) - IT infrastructure technology and services provider Softcat said it expected full-year trading to be in line with expectations after performing well in the three months to April 30.
Read moreSoftcat sees FY outturn 'slightly ahead' after H1 outperformance
28th Mar 2023 08:11
(Sharecast News) - Softcat shares surged on Tuesday after the IT infrastructure products provider said it expects the outturn for the full year to be "slightly ahead" of previous estimates following outperformance in the first half.
Read moreSoftcat slumps on UBS downgrade to 'sell'
10th Jan 2023 10:57
(Sharecast News) - IT infrastructure and services provider Softcat was under the cosh on Tuesday after UBS downgraded the shares to 'sell' from 'neutral' and cut the price target to 1,070p from 1,220p.
Read moreSoftcat poaches Asos CFO Kathryn Mecklenburgh
2nd Dec 2022 07:21
(Sharecast News) - IT infrastructure provider Softcat said on Friday that it has appointed Dr Kathryn Mecklenburgh - the current interim chief financial officer of online fashion retailer Asos - as its new CFO.
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