Tribal gets mobile app extension from US Army
25th May 2012 10:44
The education software provider Tribal Group has won an extension to its contract with the US Army to develop smartphone applications for aid workers. The applications will form part of the so-called Mobile Learning Environment (MoLE) project and will be used during international humanitarian emerg
Read moreTribal Group slashes divi
22nd Mar 2012 07:19
Education support services firm Tribal Group slashed its dividend payment by 60 per cent as it posted a 39.3 per cent increase in adjusted pre-tax profit. The group, which completed its restructuring following the disposal of non-core activities and a cost reduction programme, said adjusted pre-tax
Read moreLondon close: French downgrade rumours sink Footsie
13th Jan 2012 16:34
Markets turned south in afternoon trade on rumours of imminent action by ratings agency Standard & Poor's (S&P) to downgrade the ratings of several Eurozone countries. A senior Eurozone government official has been cited as saying that both France and Austria could have their ratings downgraded by
Read moreLondon midday: Gains trimmed as US futures fall
13th Jan 2012 12:03
The Footsie's earlier gains were pared by lunchtime as US stock futures slipped ahead of key earnings report from JP Morgan Chase & Co and the University of Michigan Consumer Sentiment Index. Italy issued €4.75bn in medium-term debt, the top of its €3-4.75bn target range. The borrowing costs of Ju
Read moreFriday broker round-up - UPDATE
13th Jan 2012 11:19
Vodafone: Nomura upgrades to buy. Bunzl: UBS cuts to neutral from buy. RSA Insurance: Citi cuts to neutral from buy. BT Group: Nomura upgrades to buy from reduce. RBS: Seymour Price upgrades to buy from reduce. BG Group: JP Morgan raises price target to 1,900p from 1,455p. Tesco: Credit Suiss
Read moreLondon open: Banks lead the rise but Invensys plummets
13th Jan 2012 08:30
Banks were leading the way on Friday with Royal Bank of Scotland (RBS) topping the charts, lifting the Footsie above the 5,700 level. Hopes that the sovereign debt crisis in Europe is easing lifted the mood on the markets, with investors looking ahead to a key Italian debt auction later today. Just
Read moreTribal raises profits guidance - UPDATE
13th Jan 2012 08:02
Education software firm Tribal Group surged on Friday after the group unveiled a strong performance in the final quarter of the year, saying adjusted pre-tax profit for 2011 will be 'significantly' ahead of the board's previous expectations. International demand for the firm's technology products
Read moreTuesday 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 moreGlencore boss spends £10m
16th Sep 2011 15:58
Glencore's chief executive Ivan Glasenberg has opened his wallet, splashing out nearly £10m on shares in the commodity trading house. He took 2.25m shares at an average price of 435p a share and has already made a handsome profit of about £100,000. The company added that Glasenberg plans to buy m
Read moreTribal posts losses
16th Aug 2011 09:36
Education software firm, Tribal Group, has announced pre-tax losses of £0.7m after it was hit by exceptional costs of £3.5m in the six months to the end of June. The firm's interim dividend plummeted 78% to 0.4p but it said trading was in line with management's expectations for the full year. Reve
Read moreLondon close: Flat finish despite banks' advance
11th Apr 2011 16:54
The top share index was seeking direction all day Monday even as banks advanced following the publication of changes proposed for the sector by the Independent Commission on Banking (ICB). While Lloyds Banking had a grumble about the ICB's recommendation that it should have to sell more than 600 br
Read moreLondon afternoon: Burberry eases after third quake
11th Apr 2011 14:15
The Independent Commission on Banking (ICB) has issued its interim report on changes proposed for the sector, and while Lloyds Banking has had a grumble about the ICB's recommendation that it should have to sell more than 600 branches, the market's reaction is that the report looks favourable for th
Read moreCapita buys Tribal divisions
11th Apr 2011 10:43
Outsourcing giant Capita has conditionally agreed to acquire public sector service provider Tribal's health and government divisions for £15.8m. Capita says the acquisition, which must be approved by Tribal's shareholders, will add new capabilities to its health and consulting businesses. "The gov
Read moreImproved trading at Tribal Group
20th Jan 2011 09:06
Trading improved at outsourcing firm Tribal Group in the final quarter of the year and adjusted pre-tax profit for the year ended 31 December 2010 will be in line with the board expectations. Tribal, which saw its shares go into freefall following the announcement of government spending cuts and th
Read moreLondon close: More gains for Footsie after well-received results
2nd Nov 2010 16:36
A strong performance on Wall Street ahead of the US Federal Reserve's decision on whether to increase monetary stimulus measures - not to mention the mid-term election - helped sustain good gains in London. Sentiment here was buoyed by well-received results from some big names. Beleaguered oil gia
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