Softcat sees operating profit weighted towards H2
23rd Nov 2016 07:55
(ShareCast News) - Softcat said on Wednesday that it has seen a good start in the first quarter but that it expects operating profit for the year to be weighted towards the second half. In a trading update for the quarter to the end of October, the company, which provides IT infrastructure products
Read moreSector movers: Software craters as NCC warns
20th Oct 2016 20:22
(ShareCast News) - A rebound in Laird following the crash lower in its shares during the previous session accounted for gains in the Technology Hardware space. Meanwhile, Segro was the instigator of strength in REITs. Segro published a trading update for the period from 1 July to 19 October on Thur
Read moreCustomer service focus leads to growth at Softcat
19th Oct 2016 07:55
(ShareCast News) - IT infrastructure products and services provider Softcat reported strong revenue and profit growth for the 12 months to 31 July, in its full-year results on Wednesday, with revenue improving 12.8% to £672.4m. The FTSE 250 firm saw gross profit rise 17.5% to £120.7m during the peri
Read moreTuesday broker round-up
13th Sep 2016 11:56
(ShareCast News) - GVC Holdings: Berenberg reiterates buy with a target price of 760p. Softcat: Citigroup reiterates buy, 410p target. GlaxoSmithKline: Jefferies downgrades to underperform with a 2300p target. Relx: UBS stays at buy with a 1600p target. GB Group: Citigroup starts coverage at buy
Read morePurplebricks boosted by Citigroup initiation at 'buy'
13th Sep 2016 09:26
(ShareCast News) - Purplebricks got a boost on Tuesday as Citigroup initiated coverage of the stock at 'buy' with a 200p price target. Citi said the company recently reported maiden full-year results, delivering around 450% revenue growth, albeit from a low base. The bank expects Purplebricks to de
Read moreDirectors dealings: NAIT boosts stake in EKF Diagnostics to 14.1%
10th Jun 2016 14:11
(ShareCast News) - Harwood Capital, acting as investment manager on behalf of North Atlantic Smaller Companies Investment Trust PLC, picked up another large batch of shares in EKF Diagnostics. Christoper Mills, who was named to the post of non-executive chairman at the global point-of-care medical d
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreBroker tips: M&S, Capita, Softcat
27th May 2016 11:04
(ShareCast News) - Societe Generale downgraded Marks & Spencer to 'hold' from 'buy' and cut the price target to 424p from 545p following the retailer's full-year results earlier in the week. The French bank said M&S was certainly worth holding for the total dividend yield. It said the company remain
Read moreBerenberg starts Softcat at 'buy'
27th May 2016 09:36
(ShareCast News) - Berenberg initiated coverage of Softcat, which provides IT infrastructure to corporate and public sector organisations, with a 'buy' rating and a 425p price target. The bank said the business has successfully quadrupled revenues in the past five years and delivered EBIT margins ma
Read moreSoftcat sees strong fully year after Q3 revenue growth
24th May 2016 07:11
(ShareCast News) - IT infrastructure group Softcat said third quarter revenue growth was slightly ahead of that seen in the first half, with gross profit and operating profit also growing faster than in the first six months. In addition the company also received a higher than anticipated incremental
Read moreSoftcat profit slips but full year expectations reaffirmed
17th Mar 2016 08:57
(ShareCast News) - IT infrastructure company Softcat, which listed on the London stock Exchange last year, posted a drop in full year operating profit despite an uptick in revenue. For the year to the end of January, it reported operating profit of £15.3m from £17.2m the previous year as the company
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