Wednesday preview: Admiral, Costain, Sportech, Lookers
6th Mar 2012 17:46
Car insurance group Admiral is due to report its full-year figures on Wednesday, with the market keen to see whether the unusually high frequency and expected cost of new large personal injury claims seen in the third quarter continued into the fourth quarter. Credit Suisse recently upgraded its r
Read moreITE chief sells shares to cover tax
5th Dec 2011 16:12
Russel Taylor, chief executive of exhibitions and conferences firm ITE, has sold £232,228-worth of shares in the firm just days after the firm saw full revenues and profits jump as its sector defied the general economic gloom. Taylor, who joined the firm in 2003 and took up his current role in 2008
Read moreThursday preview: Glencore, Diageo, Playtech
24th Aug 2011 15:51
The flotation of Switzerland-based commodities trading house Glencore International back in May has been one of the more high profile new issues of the year, but since it went public the company has not covered itself in glory. Having floated at 530p, the shares can now be bought for around 390p, a
Read moreStrong cash flow and reduced debt boosts Sportech
21st Jul 2011 13:13
Sportech's shares advanced 2% higher after the pools and tote gaming operator said it had generated strong cash flow and reduced debt during the six months ended 30 June. During the period, Sportech said its net bank debt has been reduced by a further 10% or £7m to approximately £65.2m and added th
Read moreSportech says trading in line with expectations
12th May 2011 12:56
Sportech said it was trading in line with expectations but faced significant opposition to its directors' remuneration report at its annual general meeting on Thursday. The company, which operates and supplies football and horse racing pools betting in over 30 countries, announced it had been award
Read moreTuesday tips round-up: Sportech, Premier Foods, All Leisure...
25th Jan 2011 06:46
Yesterday's trading statement from pools company Sportech showed a company in decent health, with earnings set to be in line, while (highish) debt has slowly been coming down. A bid for the Tote could light a fire under the operation, although there's a crowded field of bidders so don't hold your br
Read moreSmall caps round-up: All Leisure, Wasabi Energy, Nexus...
24th Jan 2011 11:27
Cruise operator All Leisure lost £2.1m in the year ended 31 October compared with a profit of £2.7m in 2009 because of one-off charges linked to the valuation of derivative used for hedging purposes. Turnover rose 12% to £82.6m thanks to a full-year contribution from Hebridean Princess and a first
Read moreSportech focuses on cash
18th Nov 2010 17:07
Betting and gaming firm Sportech says trading is in line with expectations and it is focusing on cash generation. The acquisition of Scientific Games Racing has been completed and the business renamed Sportech Racing. The Football Pools has been launched on Ladbrokes.com and an agreement has bee
Read moreSportech Making Progress With Regulatory Authorities In North America
30th Jun 2010 14:18
LONDON (Dow Jones)--Sportech PLC (SPO.LN), said today that it continues to make good progress with the regulatory authorities in North America, and has reached an advanced stage in obtaining regulatory clearance in the Netherlands. MAIN FACTS: -Sportech is confident that the transaction will
Read moreSportech Plc Update Re Proposed Acquisition Of Sgr
30th Jun 2010 14:08
TIDMSPO RNS Number : 5408O Sportech PLC 30 June 2010 ? Sportech Plc ("The Group") Update on the Proposed Acquisition of Scientific Games Racing ("SGR") Further to the announcement on 13 May 2010, in which it was stated that completion of the acquisition of SGR r
Read moreSmall caps round-up: Sportech, Liontrust, DQ...
25th Mar 2010 12:11
Losses rose at football pools group Sportech last year after heavy asset write-downs and gross win falling 10% to £64.6m. Pre-tax losses in 2009 were £17m after £25m of one-offs. Underlying operating profits fell to £19.5m from £22.6m. "That the decline in profitability is due, primarily, to our co
Read moreSportech to buy SGR for up to $83m
27th Jan 2010 08:31
Football pools company Sportech has agreed to buy SGR, a provider of pari-mutuel wagering services and systems, for up to $83m. The consideration will comprise an initial consideration of $65m payable at completion, deferred consideration of $10m payable on 30 September 2013 and further deferred co
Read moreSmall caps round-up: AbbeyCrest, Asterand, Sportech ...
15th Jan 2010 11:15
Jewellery designer and manufacturer Abbeycrest said trading has been strong since August, despite the depreciation of the Hong Kong and Thai currencies and the high gold price. Shares in Asterand fell back after the human tissue sampler said the delay of a £700,000 order would affect 2009 results.
Read moreDaily Mirror to run Sportech's Pools and Spot the Ball
6th Jan 2010 08:04
Sportech, the football pools company, has done a deal to reintroduce the Pools and Spot the Ball to the Daily Mirror. The company said it has secured a distribution deal with Trinity Mirror Group newspapers to get The Football Pools (trading as The New Football Pools) into its regional and national
Read moreSportech agrees revised £91m banking facility
4th Jan 2010 08:04
Football pools firm Sportech said it has agreed a revised £91m banking facility with its lender Lloyds Banking Group to fund growth plans. "The revised facilities give the group the flexibility it requires to develop organically as well as providing it with the ability to take advantage of other a
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