Order book strengthens Sanderson outlook
28th Nov 2011 08:43
Software and IT services firm Sanderson said while it remains cautious in its outlook, the strong order book and improved competitive market position provide gives it confidence for the year ahead. Pre-tax profit increased to £749,000 for the year ended 30 September 2011 from £506,000 the year befo
Read moreSanderson feeling upbeat
3rd Nov 2011 09:10
Software and IT business Sanderson said it expected its full year results, due in late November, to be in line with market expectations. In an upbeat trading update the company said that while it was cautious about the uncertain outlook in the general economy, it had achieved better banking terms,
Read moreSanderson refinances
2nd Aug 2011 16:02
Sanderson, the software and IT services supplier, has replaced RBS with HSBC as its banker to refinance its term debt and working capital facilities. HSBC has advanced a four year term facility of £7.4m together with a £1m working capital facility. The new facility is expected to generate signif
Read moreBetfair boss spends £1m
15th Jul 2011 17:27
Betfair's chairman and co-founder Edward Wray has opened his account at the online gambling group in a big way, splashing out £1m on shares. He took 152,578 at 655.4p a pop. The purchase comes amid a spell of weakness for Betfair's stock price after the mixed full-year results it reported at the en
Read moreCapita boss takes more shares
6th Dec 2010 15:16
Paul Pindar, chairman of the provider of outsourced services to the government, Capita, has spent nearly £1m on shares in the group. He bought 150,000 shares at 640p a time and now has about 1.7m shares or 0.3% of the company, which operates the Criminal Records Bureau and collects the TV licence a
Read moreSanderson jumps as debts fall
5th Nov 2010 14:36
Shares in Sanderson, which provides software used by retailers and manufacturers, jumped after it reported continued strong trading, with good cash generation and falling debts. Net debt was just below £8m at the end of September, down from £9.96m at the end of the previous financial year. 'Notwit
Read moreSanderson recovers
17th May 2010 15:26
Enterprise software provider Sanderson says that its new business wins are rising which helped it report stronger figures for the six months to March 2010. There was a rise in interim revenues from £13m to £13.3m but gross margins fell because of keen pricing in order to win new contracts. However
Read moreSmall caps round-up: Corero, Ila, African Aura Mining
21st Apr 2010 13:14
Software company Corero, which focuses on the banking, securities and education markets, rallied after announcing it has signed an agreement with African Alliance, an investment banking group operating in Africa, for its Blue Curve product suite. Ila's shareholders also cheered a new contract win.
Read moreSmall caps round-up: Flying Brands, Sanderson, First Derivatives...
11th Mar 2010 12:17
Flowers and gifts retailer Flying Brands posted a profit before tax of £2.67m in 2009 compared to a loss of £11.91m. Like-for-like revenue in the Garden division rose 6% to £15.9m, with underlying operating profit up to £1.81m (2008: £1.31m). In the Gifts division, there was a little changed loss o
Read moreSanderson chairman buys nearly 25% of company
1st Feb 2010 16:26
Christopher Winn, the executive chairman of enterprise software provider Sanderson Group, has bought nearly all of private equity firm Alchemy's stake in the company. Alchemy was involved in the original management buy out of Sanderson in December 1999, which was split into three companies includ
Read moreSmall caps round-up: Assetco, IS Pharma, Safeland
7th Dec 2009 12:05
Fire service equipment outsourcer Assetco's profits fell to £5.4m in the six months to September from £6.5m, though its underlying half year performance was significantly ahead of the comparable period. The core Integrated Support Services business delivered a 25% increase in profit to £3.9m as a r
Read moreLondon close: Miners fire Footsie higher
2nd Nov 2009 16:23
Miners dominated London's top ten risers, offsetting weakness among financials, while promising US manufacturing data encouraged buyers over here. Randgold Resources was top of the pile as the price of gold topped $1,060 an ounce. It's also keen to bring the renamed Kibali mine into production as s
Read moreLondon afternoon: Market consolidates gains
2nd Nov 2009 15:11
Footsie has spent the afternoon session consolidating the morning's gains., with miners continuing to be the star performers while financials stumble. Sharply higher metal prices and news that Randgold Resources is keen to bring the renamed Kibali mine into production as soon as possible helped min
Read moreLondon midday: Black morning for banks
2nd Nov 2009 12:10
Though it has not been a good morning to hold financial stocks, the FTSE 100 index still had a positive session, thanks largely to strong demand for mining stocks. Sharply higher metal prices and news that Randgold Resources is keen to bring the renamed Kibali mine into production as soon as possi
Read moreLondon open: Early gains for Footsie
2nd Nov 2009 08:57
London's blue chips have opened higher driven by resource stocks though it is banking shares that are the main focus. Royal Bank of Scotland is close to an agreement with the government over its proposed participation in the toxic asset protection scheme (APS) and also confirmed weekend reports it
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