Tuesday broker round-up - UPDATE
6th Dec 2011 09:27
Wolseley: Charles Stanley gives accumulate recommendation. Wolseley: Panmure Gordon keeps sell rating and 1,500p target. Meggitt: Credit Suisse downgrades to underperform from outperform; cuts target to 330p from 410p. Shire: Goldman Sachs reiterates buy. SABMiller: Nomura maintains buy recomme
Read moreTuesday tips round-up: Low & Bonar, Nanoco, BP
18th Oct 2011 06:30
Low & Bonar makes specialist meshes and other coverings for use in civil engineering projects such as coastal defences, and also the artificial grass used in sports grounds. As such, it cannot expect to be immune to macro-economic trends. But, for now, overall demand is "robust" and the group is con
Read moreInnovation on track
19th Aug 2011 07:07
Software firm Innovation said it continued to trade positively and is confident of meeting company expectations for the current financial year despite prevailing economic conditions. The group, which supplies software solutions to the insurance, fleet, automotive and property industries, said tradi
Read moreLondon midday: Mining rally keeps FTSE 100 higher
11th Aug 2011 12:12
Stocks came firmly off their earlier highs, with worries over the French banking system continuing to cause jitters, but a strong performance from the mining sector helps to keep the FTSE 100 in the blue. Miners are rallying strongly, led higher by Kazakh copper miner Kazakhmys, but French banking
Read moreInnovation bags RBS Insurance contract
11th Aug 2011 07:59
Software firm Innovation today confirmed that it has signed a major contract with RBS Insurance. The group, which provides software and outsourcing solutions to insurers, said the contract, which starts with immediate effect until 31 December 2014, will see it handle all of RBSI's newly notified su
Read moreSunday tips round-up: Electrocomponents, Innovation, G4S
29th May 2011 16:34
"Electrocomponents, the electrical component distributor, has a clear strategy of expanding its product range, selling more of its products online and increasing its international footprint. (...) The company's international business now accounts for 70pc of sales - and it is showing sales growth of
Read moreThursday tips round-up: Hogg Robinson, BTG, Aveva
26th May 2011 06:42
Business travel is one of the first to be hit by any economic downturn, as less business means less travel. Hogg Robinson took immediate action when the crunch came, cutting its cost base by 20%. A final dividend of 1p makes a total up by a quarter to 1½p, well covered, giving a historic yield of ab
Read moreInnovation Group back in profit
25th May 2011 12:37
Business process outsourcing firm, Innovation Group, bounced back into the black in the six months to 31 March, with pre-tax profits of £4.26m In the same period last year the company racked up £1.03m in losses and a £1.7m loss for the full year to the end of September. The board said it was conf
Read moreInnovation Group wins Tesco car sale gig
4th Apr 2011 07:06
Innovation Group, which provides business process outsourcing and software to insurance, car and property industries has been selected by Tesco to assist with the supermarket giant's new online car sales service. Tesco Cars was launched today by Tesco. Innovation will provide outsourced maintenance
Read moreShaftesbury boss invests £100,000
4th Mar 2011 17:03
Shaftesbury chief executive Jonathan Lane has invested a further £100,000 in the property investor. Lane has bought 22,222 shares at 450p each. That takes his stake to 966,233 shares, which is worth £4.3m at the latest purchase price. Lane raised just over £99,000 from the sale of option shares la
Read moreInnovation pleased with start to the year
15th Feb 2011 13:51
The Innovation Group, the specialist global provider of software and outsourcing solutions to insurers and the associated fleet, automotive and property sectors, said the conversion rate of earnings into cash in the new financial year is currently ahead of management's expectation. Trading since th
Read moreSmall caps round-up: Forte Energy, Futura Medical, Hightex...
23rd Dec 2010 11:37
Forte Energy has completed a 7,000m drilling program at its A238 uranium anomaly in the north of its leases in Mauritania and a 1,500m diamond drilling program should be completed next month. "These initial results are from the first pass shallow drilling along strike, and confirm the presence of
Read moreMulberry boss raises £5.5m from disposal
10th Dec 2010 16:22
Godfrey Davis, the chairman and chief executive of Mulberry, has raised £5.5m from the sale of shares. Davis sold 650,000 shares at 850p each. Shares in fashion products designer Mulberry have risen by more than 500% in the past 12 months. This week, broker finnCap has substantially increased it
Read moreTechMARK movers: Innovation recovers
9th Dec 2010 13:08
Shares in The Innovation Group are recovering following Tuesday's results. The software and services supplier to the insurance sector has almost completed its restructuring. Loss before tax narrowed to £1.7m for the year ended 30 September 2010 from a loss of £19.8m previously. Revenues during t
Read moreInnovation slims down losses
7th Dec 2010 08:15
Software firm Innovation said full year losses narrowed on lower administrative costs as it issued a confident outlook for sales growth in 2011 and beyond. The group, which provides software solutions to the insurance, car and property industries, has undergone a year of restructuring which is now
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