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It's nearly two years since the Electrocomponents share price has been this low, says the Investment Column in the Independent. The aptly named distributor of electrical components has been under the cosh because of worries about the world economy. Taken as a whole, the first half numbers look fine
Read moreAntofagasta: Citi upgrades to hold, target cut from 1,230p to 1,010p. Man Group: Citi has kept its hold/high risk rating and 190p target. Lonmin: Citi maintains hold/medium risk recommendation and 1,237p target. Burberry: Nomura reiterates neutral rating and 1,356p target. Cookson: UBS upgrades
Read moreSatellite broadband operator Avanti Communications said pre-tax losses widened after it invested in its first satellite launch. Loss before tax grew to £12.7m in the year ended 30 June 2011 from a loss of £1.95m the year before. Revenue dropped to £5.46m from £5.8m before. Avanti, which launched i
Read moreThe FTSE 100 has risen higher in early trading, led by the banks, as the blue chip index extended gains on the back of the an announcement by the European Central Bank (ECB) made yesterday. US and Asian markets performed well on Thursday and overnight, respectively, on news that the ECB - along wit
Read moreSatellite operator Avanti Communications has been awarded a place on the Kent County Council Rural Broadband framework. The "Connecting Kent" project is designed to provide modern digital infrastructure for Kent's businesses and residents, and will access funds of at least £1.5m to set up pilot pro
Read moreFor the first set of figures as a company with a main listing, the interims from Cape were a touch underwhelming, according to the Tempus column at the Times. They were greeted with a 6¾p fall in the share price to 480p. Revenues were pretty well flat at £335 million and profits before tax fell by 1
Read moreSatellite operator Avanti Communications has won a contract with Spain-based Novasoft. The contract provides Avanti with an estimated 1m potential customers who it believes would benefit from a faster satellite broadband product. Novasoft's subsidiary, Novasoft WiFi Extremadura, is an ICT service
Read moreA large share price decline at Cairn Energy meant that the oil and gas producing sector was at the bottom of the pile on Wednesday. Falling oil prices didn't help much as Brent Crude futures were nearly 2% lower at $114.16 at 16:22. Oil exploration group Cairn Energy said that despite the inital pr
Read moreSatellite broadband firm, Avanti, has extended its contract with Hughes Network Systems. Avanti said that Hughes had fully allocated its initial purchase £7.5m of capacity on its HYLAS 1 satellite to existing clients. Hughes had agreed to buy further capacity in order to support new business, par
Read moreDirectors at Philippines-focused gold producer Medusa Mining have upped their stakes amid a weak spell for the company's shares. Managing director Peter Hepburn-Brown took 15,00 shares at A$6.85 (449p) a time, paying a total of just over £67,000. He previously had no shares in the company. Non-ex
Read moreCaroline Nish, the wife of Standard Life's chief executive David Nish, has taken more shares in the insurer, spending £100,000. She took 49,335 shares at 201.4p a pop and now has 620,744. In a trading update in April, David Nish said Standard Life had a good start to 2011. "Strong sales across ou
Read moreHaving started the day with hopes of rising back above 6,000, the top share index hurtled in the opposite direction to fall below 5,900 after debt ratings firm Standard & Poor's (S&P) put the cat among the pigeons by downgrading the outlook for US sovereign debt. Though S&P affirmed the USA´s 'AAA'
Read moreSatellite operator Avanti Communications was flying high on Monday after a New York court upheld its claim for a $7.57m refund from Space Exploration Technologies Corporation. Avanti was awarded the full amount of the refund it claimed, namely $7,566,013, plus interest. In a trading update the com
Read moreBosses 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 moreUnited Utilities' incoming chief executive has spent £400,000 on shares in the water supplier. Steven Mogford, who will take the reins at United Utilities on 31 March, took 70,814 shares at 564.9p a time, his first purchase of shares in the company. Mogford's appointment was announced in November
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