FTSE 250 movers: Micro Focus lifts forecasts, shares jump
11th Nov 2009 14:01
Legacy software specialist Micro Focus is the best performing mid-cap stock by some way after saying its two recent acquisitions, Borland and Compuware, have performed much better than expected and the upping its forecasts for both interim sales and underlying profits. After a "strong close to th
Read moreUltra Electronics still confident on military spending
11th Nov 2009 07:44
Defence budgets in the US and UK remain sufficiently large to give Ultra Electronics headroom for further growth, the defence and aerospace group said as it reported that trading conditions remain in line with those outlined in its last update. Ultra said that, while it is unlikely to be completely
Read moreTuesday tips round-up: Fidessa, 888, Senior
4th Aug 2009 06:44
Trading systems software specialist Fidessa posted impressive half year numbers yesterday, saying that revenues, profits and earnings per share were all up, and while the second half of the year will not be quite as impressive, the future is bright. With strong recurring revenues and a move toward
Read moreUltra Electronics lifts sales and profit
3rd Aug 2009 07:49
Strong military spending helped defence and aerospace group Ultra Electronics post a sharp rise in revenues and profits. Sales in the six months to June 30 rose by 40% from the same period the previous year to £325.5m, lifting headline pre-tax profits to £40.2m from £30.4m. Ultra said it benefited
Read moreTechMARK movers: Morse rallies on approach
8th Jul 2009 16:36
IT services group Morse has confirmed it has received preliminary approaches at 25p per share, which the board believes significantly undervalues the company. "These preliminary approaches may or may not lead to an offer being made for the company. There can be no certainty that an offer will be ma
Read moreUltra Electronics buys Australia's Avalon
8th Jul 2009 10:10
Defence business Ultra Electronics has announced the acquisition of South Australia's Avalon Systems for A$16.5m in cash on a debt and cash fee basis. The acquisition will be financed using Ultra's existing banking facilities. Avalon specialises in the field of Electronic Warfare (EW), undertakin
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