Sunday newspaper round-up: Smiths Group, Virgin Galactic, Sainsbury
11th Jul 2021 18:09
(Sharecast News) - One of Britain's biggest engineering firms is on the cusp of a major break-up after receiving a £2billion takeover approach for its medical division from a US private equity predator. City sources said FTSE 100-listed engineering giant Smiths Group has been holding talks with Boston-based TA Associates. Bankers from Goldman Sachs are said to be working on the deal. - Financial Mail on Sunday
Read moreTelit finally reaches agreement on cash offer from DBay Advisors
25th May 2021 10:05
(Sharecast News) - After months of wrangling, Telit Communications confirmed on Tuesday that it had agreed to a recommended cash offer from DBay Advisors.
Read moreAdjusted earnings improve as Telit focuses on cash generation
24th Mar 2021 09:55
(Sharecast News) - Internet-of-things (IoT) technology company Telit reported a 10.2% fall in group revenues in its preliminary results on Wednesday, to $343.6m (£250.54m).
Read moreTelit Communications terminates talks with u-blox
7th Jan 2021 10:47
(Sharecast News) - Telit Communications has terminated talks with Swiss semiconductors company u-blox about a possible offer for the Internet Of Things communications group.
Read moreTelit rejects £259m cash approach from Dbay
7th Dec 2020 09:34
(Sharecast News) - Telit rejected a £259m takeover approach from Dbay Advisors but said it was still in talks with the private equity firm and u-blox about a possible deal.
Read moreTelit considers u-blox takeover approach
20th Nov 2020 07:32
(Sharecast News) - Telit Communications said it had received an all-share bid approach from Swiss rival u-blox valuing and was considering the proposal.
Read moreTelit Communications YTD earnings in line with expectations despite drop in revenues
10th Nov 2020 11:11
(Sharecast News) - Internet of Things enabler Telit Communications said on Tuesday that year-to-date revenues had fallen as a result of the Covid-19 pandemic weighing on customer spending and growth.
Read moreTelit Communications rejects Lantronix offer but still in talks
3rd Nov 2020 10:46
(Sharecast News) - Telit Communications said on Tuesday that it had received a preliminary takeover approach from asset manager DBAY Advisors and a preliminary approach from California-based Lantronix.
Read moreTelit Communications taps Eyal Shefer for CFO
7th Sep 2020 09:17
(Sharecast News) - Internet of Things enabler Telit Communications has appointed Eyal Shefer to the role of chief financial officer, effective immediately.
Read moreTelit Communications H1 profits grow despite Covid-19
9th Jul 2020 10:08
(Sharecast News) - Internet of Things enabler Telit Communications expects first-half profits to have grown in the six months ended 30 June despite "some slowing" in customer demand as a result of the Covid-19 pandemic.
Read moreTelit says FCA probe over, no action will be taken
9th Jun 2020 09:07
(Sharecast News) - Telit Communications said on Tuesday that the Financial Conduct authority has completed its investigation into the enabler of the Internet of Things and has decided not to take any action.
Read moreTelit swings to profit in decent 2019
17th Mar 2020 13:19
(Sharecast News) - Internet-of-things (IoT)-focussed technology company Telit Communications reported an 8.3% rise in group revenues, excluding automotive business revenues, to $382.8m in its full-year results on Tuesday.
Read moreTelit Communications' growing revenues push EBITDA past expectations
12th Nov 2019 09:34
(Sharecast News) - Internet of Things enabler Telit Communications saw year-to-date underlying earnings come in slightly ahead of expectations as revenues continued to grow during the first nine months of the year.
Read moreTelit Communications lauds successful testing of 5G tech
25th Oct 2019 13:08
(Sharecast News) - Telit Communications on Friday said it has conducted a successful series of tests on its new industrial-grade FN980m 5G data card in South Korea.
Read moreTelit Communications shakes up boardroom
22nd May 2019 09:43
(Sharecast News) - Internet-of-Things enabler Telit Communications executive chairman Paolo Dal Pino switched to the role of chief executive on Wednesday.
Read more