London midday: BT heads field after broker tip
14th Apr 2010 12:02
Having been largely responsible for the Footsie's fall yesterday miners are driving the blue-chip index higher today, enabling the index to move close to the 5800 level despite the presence of the usual Wednesday batch of ex-dividend stocks. Forecasting topping results from computer chip maker Inte
Read moreUS contract extension for Innovation
14th Apr 2010 08:05
Property and insurance software firm Innovation has had its software contract with one of the world's largest vehicle management groups extended by three years. The contract extension will start from January 2011 and will see Innovation continue to provide accident management services to the custom
Read moreTechMARK movers: Gartmore increases TIG stake
13th Jan 2010 15:09
Shares in insurance process software and services supplier The Innovation Group have slipped back after a strong performance over the past month. The TIG share price has increased by more than one-fifth in one month even after the latest decline. Buying by institutional investor Gartmore has helped
Read moreTwo thirds take up Innovation open offer
21st Dec 2009 07:52
Just over two thirds of the shares available under The Innovation Group's open offer have been taken up by the company's shareholders. The property and insurance software firm made 84m of the 210m shares recently issued at 10p each available to shareholders on the basis of 2 new shares for every 1
Read moreLondon close: Rate rise fears fuel late slide
4th Dec 2009 17:17
Euphoria over the better than expected US jobless figures proved short-lived as week-end profit taking took hold and miners headed underground. Metal prices weakened in the afternoon session, taking mining stocks with them, as some pundits suggested that with the better than expected jobless figure
Read moreInnovation wants £21m to compete with rivals
4th Dec 2009 08:24
Property and insurance software firm Innovation Group has reported a 12% rise in full-year adjusted profit and announced plans to raise £21m from a placing an open offer at 10p a share. The company, which said in November its net cash position was a lot better than the market had calculated, will p
Read moreTechMARK movers: Profit dip hits BTG share price
5th Nov 2009 14:58
Shares in pharmaceuticals developer BTG fell even though it reported a sharp rise in revenues from £30.2m to £47.9m in the six months to September 2009, although the comparative figures do not include last year's acquisition Protherics. Pre-tax profits fell from £3.4m to £2.4m and this seems to have
Read moreTechMARK movers: Innovation up on contract win
16th Oct 2009 14:24
Innovation gained on news that it has signed a three year contract totalling £3.6m with one of the UK's largest friendly societies and mutual financial services providers. The contract covers a range of IT services including hosting that will be provided out of Innovation's UK data centres. The con
Read moreTuesday tips round-up: JP Morgan India, GlaxoSmithKline, YouGov
13th Oct 2009 06:41
Some economists have suggested that India's growth may outstrip that in China over the next few years, as major exporting countries are still hampered by the slowdown in global trade. JP Morgan India Investment Trust's latest net asset value per share, on a fully-diluted basis, is 387.17p a share a
Read moreLondon close: Best finish in 12½ months
12th Oct 2009 16:48
UK share prices finished at their best levels in over a year Monday and, despite a few sellers appearing late on, the FTSE 100 ended the session above 5,200. Insurers Old Mutual, Standard Life and Legal & General were in demand all day. Rising stock markets are always good news for their investment
Read moreLondon afternoon: Banks' balance sheet issues resurface
12th Oct 2009 14:23
The Footsie crashed through the 5200 barrier this morning to rise to a one-year high and although prices came off the top over the lunch-time session, the vast majority of blue-chips are still in the blue. The upward trend in global equity markets is good news for the insurers and their investment
Read moreCash position ahead at Innovation
12th Oct 2009 07:51
Property and insurance software firm Innovation Group said its net cash position is a lot better than the market has calculated. While adjusted profit before tax in the year to 30 September 2009 are likely to be in line with market expectations net cash, at more than £10m, will be ‘substantially ah
Read moreTechMARK movers: Innovation jumps on bid
6th Oct 2009 12:51
Innovation leapt to its highest since September last year after the property and insurance software group admitted it received a 16p-a-share bid in August. The company said the unsolicited approach from US outsourcing firm, EXL Service Holdings Inc, regarding a possible cash offer contained pre-con
Read moreTechMARK movers: Innovation up on contract win
17th Sep 2009 12:26
Property and insurance software group Innovation rallied on news that it has won a contract with a large UK retail bank for both a policy processing software licence and conversion services. The total value of the contract is estimated to be a minimum of £3.7m. The group said the software licence e
Read moreInnovation rallies on contract win
17th Sep 2009 12:23
Property and insurance software group Innovation rallied on news that it has won a contract with a large UK retail bank for both a policy processing software licence and conversion services. The total value of the contract is estimated to be a minimum of £3.7m. The group said the software licence e
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