UPDATE: Tuesday broker round-up
20th Sep 2011 13:38
BAE Systems: Societe Generale upgrades to buy, raises target to 330p from 280p. Kesa Electricals: Espirito Santo downgrades to sell, cuts target from 110p to 75p. Wilmington Group: Peel Hunt upgrades to buy. Moneysupermarket.com: Brewin Dolphin upgrades to buy. Barratt Developments: Citigroup up
Read moreFriday tips round-up: Pendragon, Centaur, ABF
15th Jul 2011 06:33
The rights issue from Pendragon, our biggest car dealer, does the job of shoring-up the finances and putting the business in a better shape to go ahead. It is also enormous, nine new shares for eight and at 10p, is a 54% discount to the last closing share price. Nick Bubb at Arden Partners is looki
Read moreBroker snap: Wilmington offers little excitement
20th May 2011 12:54
After a bleaker-than-expected interim management statement from Wilmington, Peel Hunt has revised its target price down by a fifth, from 155p to 125p. The causes of concern at the publishing and training company are UK legal CPD (Continuing Professional Development) which is proving much weaker tha
Read moreAcquisitions pay off for Wilmington
24th Feb 2011 16:45
The government's comprehensive spending review (CSR) continues to hang over publishing and training outfit Wilmington, but the company is quietly confident about its prospects as trading conditions improved in the second half of 2010. Revenue in the six months to 31 December climbed 7.4% to £39.67m
Read moreCluff finance boss invests £10,000
22nd Dec 2010 16:55
Cluff Gold's finance director has bought shares. Pete Gardner took up the post in October 2009 but this is the first time he has bought shares. He acquired 10,000 shares at 104.65p each, for a total outlay just short of £10,500. Gardner used to work in corporate finance for accountants PKF.
Read moreWilmington's caution hits shares
10th Nov 2010 13:27
Publishing and training company Wilmington has been going great guns for a couple of months, but slipped up today after warning of a potentially more challenging second half. The company says trading was in line with expectations in the first quarter to 30 September and since, with both revenue and
Read moreLondon close: Footsie turns lower as US nerves kick in
21st Sep 2010 16:33
Footsie fell into the red in late trading as nervousness kicked in on Wall Street ahead of the Federal Reserve's statement on the outlook for the US economy this evening. The Fed will also make its rate decision. In company news here, Cairn Energy was a strong performer after an update of drillin
Read moreLondon afternoon: Footsie cruises higher
21st Sep 2010 14:27
The blue-chip index edged a little higher over the lunch time session but traders are reluctant to go too far out on a limb prior to the Federal Reserve's rate decision, due to be announced this evening. Dual-listed cruise operator Carnival said third quarter revenues rose to $4.4bn from $4.1bn th
Read moreWilmington starts recovery
21st Sep 2010 12:29
Publishing and training company Wilmington managed to report flat profits even though revenues fell in the year to June 2010 and it says there are signs that key markets are recovering. Revenues slid from £86.3m to £78.4m but underlying pre-tax profit was only slightly lower at £13.1m. Nearly all
Read moreWilmington Group Sees FY In Line With Board Views
15th Jul 2010 07:17
LONDON (Dow Jones)--Wilmington Group PLC (WIL.LN), a provider of information and training for professional businesses, said Thursday that performance for the year to June 30 is expected to be in line with the Board's expectations. MAIN FACTS: -The Group's Publishing and Information business,
Read moreSmall caps: Cove Energy, Synairgen, Wilmington...
17th May 2010 13:02
PR specialist Freshwater cut the dividend as profits fell to £32,000 from £106,000 in the six months to end February. Revenues fell to £3.66m from £4.51m. "While the economic environment remains challenging, Freshwater is seeing greater stability and growth potential in most of its markets. Alongsi
Read moreTrading still depressed at Wilmington
11th Nov 2009 08:33
Professional information and training group Wilmington expects first half results to be below levels the same time a year before as trading conditions remained depressed. The group said trading conditions remains particularly tough in the legal sector but it has seen encouraging levels of revenue
Read moreWilmington pre-tax profit plunges
17th Sep 2009 08:03
Professional information and training group Wilmington said annual pre-tax profit tumbled as the economic downturn hurt trading, particularly at its legal training businesses. Pre-tax profit fell to £2.85m in the year ended 30 June compared to £11.86m last year. Revenue for the year fell to £86.3m
Read moreSmall caps round-up: MBL, Netplay, Playtech...
9th Jul 2009 08:17
Big profits and a maiden dividend have sent entertainment products distributor MBL charging higher Thursday. The supplier of CDs, DVDS and games reported a 42% hike in pre-tax profit for the year ended 31 March 2009 to £8.1m on revenue up 77.5% to £143.6m. Its major competitor, Entertainment UK, t
Read moreWilmington FY to be hurt by weak Q3
14th May 2009 08:44
Shares in Press Gazette publisher Wilmington fell nearly 15% after it warned that trading from 1 January 2009 to 31 March 2009 had been below company expectations and will impact the full year's performance "Conditions have continued to be difficult," the group said in Thursday's statement. In th
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