US cold snap and currency turbulence hits Sportech
21st Aug 2014 14:39
Bad US weather and currency movements have taken the shine off first-half results at pools and tote betting group Sportech. Sportech said underlying pre-tax earnings in the six months to 30 June came in 0.8% lower at £12.1m on a 1.7% rise in revenue to £52.6m. Profits in the group's racing and dig
Read moreSportech to provide new online gaming platform to Resorts Casino hotel
20th Jun 2014 07:41
Gaming company Sportech announced its joint venture with NYX Gaming Group SNG Interactive has entered into an agreement to provide an online gaming platform to Atlantic city-based Resorts Casino hotel. The game, which is expected to be ready for launch in 2015, will allow players to play a range of
Read moreSportech acquires Data Tote
27th Sep 2013 14:58
Gambling company Sportech has acquired Data Tote, which provides on-track and online greyhound and horse racing betting services in Europe, for 3.1m pounds. Following completion of the acquisition, Sportech will exclusively provide betting services to 41 of the 43 greyhound tracks in the UK and Ire
Read moreThursday broker round-up UPDATE
22nd Aug 2013 07:25
Aggreko: RBC Capital reduces target price from 1850p to 1680p, while its neutral rating remains unchanged. Aviva: JP Morgan raises target price from 393p to 436p and retains an overweight rating. BHP Billiton: Canaccord Genuity takes target price from 1950p to 2050p maintaining a hold recommendati
Read moreInterContinental Hotels director sells 70,000 shares
22nd Apr 2013 16:30
InterContinental Hotels' President of the Americas has sold 70,000 shares on Monday, reducing his stake to 388,330 shares. The shares were sold for 1,858.95p each for a total of £1.3m. The transaction comes just a few weeks after the company agreed to sell the leasehold interest at its London P
Read moreTribunal rules in favour of Sportech
8th Mar 2013 10:12
Shares in Sportech rose by a fifth on Friday after a tribunal found in its favour on a VAT-related dispute relating to its 'Spot the Ball' game for the period 1979-1996. The decision by the First-tier Tribunal's Tax Chamber means that the group is set to receive more than £40m in overpaid tax in ad
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreFriday broker round-up UPDATE
1st Mar 2013 07:17
Ashtead Group: Citigroup increases target price from 487p to 590p and keeps a buy recommendation. Atkins: JP Morgan raises target price from 893p 920p, reiterating an overweight rating. Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cant
Read moreThursday broker round-up
8th Nov 2012 09:01
AB Foods: Credit Suisse ups tagged from 1,300p to 1,450p, outperform rating kept. Aviva: Panmure Gordon keeps buy rating and 425p target. Balfour Beatty: Panmure Gordon keeps buy rating and 310p target. BTG: Jefferies keeps hold rating and 360p target; Panmure Gordon keeps hold rating and 400p t
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreSportech awaits decision of tax claim tribunal
11th Oct 2012 13:03
Sportech, which supplies pools and tote betting services, is awaiting the outcome of the tribunal that was heard in relation to its VAT claim over its Spot the Ball game. The claim is for a repayment of VAT in excess of £40m (which could exceed £80m with simple interest applied). The company expec
Read moreContracts round-up: Wincanton, Plexus, Sportech ...
8th Oct 2012 09:33
Logistics firm Wincanton has been awarded a multi-million pound five-year contract by supermarket group Morrisons to operate its first ever dedicated UK convenience distribution centre in London. The contract is for combined warehouse and transport operations, supported by Wincanton's system platfor
Read moreMonday broker round-up - UPDATE
8th Oct 2012 08:03
AMEC: Investec keeps buy rating and 1,300p target. Aquarius Platinum: Panmure Gordon keeps buy rating and 163p target. BAE Systems: Societe Generale upgrades to hold, target lifted from 300p to 350p. British American Tobacco: Nomua raises target from 3,500p to 3,506p, buy rating kept. BSkyB: Nom
Read moreSportech eyes growing profits in US
23rd Aug 2012 09:34
Sportech, which supplies pools and tote betting services, has hailed continuing growth in North America but higher costs have hit the bottom line in the first half. Revenue for the six months to the end of June was £57.7m, against £57.4m in the same period of 2011 while adjusted pre-tax profits wer
Read moreSmall caps round-up: Sportech, Silverdell, Oxford BioMedica
11th May 2012 12:35
Brooks Pierce, the Executive Director of Sportech, has resigned with immediate effect to 'pursue other business interests'. No replacement has yet been appointed, but the company was keen to announce that it had appointed an executive search business to 'seek suitable candidates to further augment S
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