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Planet Payment Inc is on course to generate cash from operations in the second half of 2009. The fourth quarter tends to be strongest for the multicurrency payments processor because it encompasses the Christmas period. Third quarter revenues rose 16% to $11.75m and the pre-tax loss was reduced by m
Read moreLogistics software supplier and developer Kewill Systems rose on the back of the news of a purchase of 310,000 shares by Standard Life. Standard bought the shares on 22 October - the same day that Kewill announced a contract with Dutch-based logistics services provider C Steinweg Handelsveem. Sta
Read moreShares in Alphameric fell after confirmation that Edana Trading Ltd had sold 6m shares on 19 October, leaving it with 5.25m shares. This cut Edana's stake in the betting technology services company from 5% to 2.32%. Alphameric is currently in bid talks but they are still at an early stage. Alphame
Read moreBookmaker services group and early stage bid target Alphameric says trading since June 2009 has been broadly in line with management's expectations. TurfTV joint venture Amrac has continued to perform in line with management's expectations and now has in excess of 10,000 licenced bookmaking offices
Read moreOptimism over the state of the US economy, fuelled by yesterday's statement from the Federal Reserve helped Footsie post good gains. Miners were in demand. Kazakhmys led the mining sector higher, with Xstrata, Lonmin, ENRC, Rio Tinto, Vedanta, and Antofagasta also going well. Anglo American is
Read moreOptimism over the state of the US economy, fuelled by yesterday's statement from the Federal Reserve that the US economy may have seen the worse of the recession, took a knock from the release of US retail sales figures which unexpectedly showed a fall in July. The news took the shine off some of th
Read moreBetting software group Alphameric has received a bid approach, sending its shares to their highest in a year-and-a-half. "The board of directors of Alphameric notes the recent movement in its share price and announces it has received a very early stage expression of interest from a third party whi
Read moreThe Footsie has been trading sideways since around 10:00am after a bright start that was inspired by yesterday's statement from the Federal Reserve that the US economy may have seen the worse of the recession. The news has spurred demand for commodities stocks on expectations that a recovery in the
Read moreBetting software group Alphameric has received a bid approach, sending its shares to their highest in a year-and-a-half. "The board of directors of Alphameric notes the recent movement in its share price and announces it has received a very early stage expression of interest from a third party whic
Read moreIndecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
Read moreLondon's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar
Read moreLED technology specialist Dialight gained on news that two major North American metering companies have ordered more than 100,000 combined units of its PowerPulse 200-amp disconnect/reconnect load switch with sales totalling almost $3m. This order is in support of the United States Advanced Meter
Read moreThe Footsie is trading sideways, holding on to gains after a bright start. Inflation data was much as expected, with the inflation rate falling below the Bank of England's 2% target for the first time since September 2007 last month. The Office for National Statistics (ONS) revealed a drop in consu
Read moreBookmaker technology group Alphameric posted a first half pre-tax profit helped by bumper demand for its TurfTV joint venture and better results from Alphameric Solutions. For the six months ended 31 May 2009 profit on ordinary activities before tax was £4.1m compared with a pre-tax loss of £3m the
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