FTSE 250 movers: Misys rises after 7% revenue growth
6th Apr 2011 13:24
Financial software provider Misys reported a 7% rise in year on year revenue in the third quarter ended 28 February 2011, following strong demand for its products, and said it was poised to meet medium-term targets, sending shares higher. Budget airline easyJet is flying higher after reporting that
Read moreCarillion bags new contracts worth up to €204m
6th Apr 2011 09:24
Contractor and support services specialist Carillion has won facilities management contracts from two of Britain's best known brands: the Nationwide Building Society and Virgin Media. Together, the contracts are worth up to €204m. The contract with Nationwide is for the provision of facilities man
Read moreWH Ireland bosses buy big
5th Apr 2011 16:19
Bosses at WH Ireland had the company they work for in their sights today as they splashed out thousands of pounds on shares in the stockbroker. Chief executive Paul Compton was the biggest spender, taking 670,448 shares at 50p a time. The purchase, which set him back £335,174, takes his holding to
Read moreWarm front contract extension for Eaga
31st Mar 2011 09:22
Energy efficiency firm Eaga has negotiated an extension of its contract with the Department of Energy and Climate Change to deliver the department's Warm Front Scheme across England. The scheme will now run to 31 March 2013 on commercial terms in line with previous expectations. Total funding allo
Read moreAxis-Shield finance chief buys
24th Mar 2011 17:01
Ronny Hermansen, the finance director of diagnostics firm Axis-Shield, has invested £31,000 in the company. Hermansen has acquired 10,000 shares at 313.5p each, which takes his stake to 113,498 shares. Axis announced a maiden dividend of 1p a share when it released its 2010 figures last week. Th
Read moreEaga wins £300m backing for solar panel project
17th Mar 2011 07:53
Green outsourcing company Eaga, in the process of being bought by support services giant Carillion for £306m, has got the £300m of funding needed for a UK residential solar panels project. The firm has signed equity and debt facility agreements made up of £75m in equity and debt financing of £225m
Read moreThursday tips round-up: Carillion, Admiral, Serco
3rd Mar 2011 06:30
Construction and engineering group Carillion's annual results came in above expectations, with underlying pre-tax profits up by 7% to £122m, operating margins boosted to 4.2% and plans to hike the full-year dividend by 6% to 39.4p. Davina Mendelsohn, at Deutsche Bank, rates Carillion one of the chea
Read moreFTSE 250 movers: BBA Aviation lower after placing
2nd Mar 2011 13:37
BBA Aviation is providing a drag after the aviation services provider proposed a placing of up to 9.99% to raise cash for acquisitions. Meanwhile, terrestrial broadcaster ITV is surging after promising an interim dividend after bumping up profits by almost 200% in 2010. Not too far behind is stude
Read moreCarillion wary on UK construction
2nd Mar 2011 08:08
Carillion has maintained a bullish stance on prospects in the Middle East despite the current wave of political unrest across the region. "We continue to believe we are well-positioned to make further progress in 2011 towards our objective of doubling our share of revenue from our Middle East busin
Read moreLondon close: Shares applaud Mubarak exit
11th Feb 2011 16:51
Shares rallied sharply in the afternoon following strong confidence figures from the US, but it was the announcement that Egyptian president Hosni Mubarak is stepping down that really stirred up excitement. One stock in particular reacted strongly to the announcement. Shares in gold miner Centamin
Read moreFTSE 250 movers: Ocado takes a hit after JL cashes in
11th Feb 2011 15:57
Ocado's share price fell dropped by 14% after 11% shareholder John Lewis cashed in now that the six month lock-up period following last July's float has ended. Also lower is pubs group Mitchells and Butlers after naming senior independent director Simon Burke as its new chairman, taking over from
Read moreLondon afternoon: L&G leads modest advance
11th Feb 2011 14:11
Leading shares are mixed but with a slightly firmer bias after rising over the lunchtime session. Insurer Legal & General (L&G) leads the advance on the back of a positive broker note from Nomura Securities. "We highlight our preference for L&G over Prudential (Reduce), given that we expect Pru to
Read moreLondon open: Oil groups lift Footsie
11th Feb 2011 09:00
Footsie has rallied from a weak start with resources stocks sparking into life and buyers encouraged by some bid activity among the mid-caps. Support services group Carillion is moving up nicely after agreeing to pay £306.5m for green support services business Eaga. In a deal recommended by Eaga b
Read moreCarillion spends over £300m on Eaga
11th Feb 2011 07:34
Contractor and support services specialist Carillion is paying £306.5m for green support services business Eaga. In a deal recommended by Eaga bosses, shareholders will get 118.79p a share in cash and receive the 1.21p interim dividend, taking the total to 120p. That's a 30% premium to last night
Read moreWednesday tips round-up: Amec, Carillion, Autonomy...
2nd Feb 2011 06:47
Exploration and production spending by oil companies is expected to increase significantly in 2011 - with analysts predicting investment could rise by as much as a fifth. This is an opportunity for Amec. Any M&A activity could be a catalyst for the shares to outperform. The shares are trading on a
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