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Telecoms firm BATM slid heavily after it saw revenues in the first quarter fall and said it expects to break-even for the first six months. Total revenues in the first four months of 2010 were $36m against $38.9m last time. "The decrease is due to a significant decline of revenues during the perio
Read moreFootsie has made decent progress this morning helped by gains for utilities and the non-bank and insurance bits of the finance sector. Man Group is the best performer on reflection of yesterday's deal to buy GLG for $1.6bn. Inter-dealer broker ICAP is also in demand, while mezzanine finance lende
Read moreHalfords chairman Dennis Millard has increased his holding in the company on the same day the bicycle and car part retailer announced the acquisition of Nationwide Autocentres, a chain of car servicing and repair garages. He bought 15,000 shares at 431p a time, paying £43,100 and lifting his shareh
Read moreBritvic is upgraded to 'overweight' from 'neutral' at JP Morgan which lifts its target price by 10p to 450p as it doesn't think a meaningful M&A risk premium is warranted. The group has indicated that it is keen to acquire soft drinks businesses in Europe, which may involve some equity issue depend
Read moreTelecoms systems and equipment designer BATM Advanced Communications was boosted by the news of a new contract worth $5m in total in 2010 and 2011. There could be additional orders after that BATM will be the sole supplier of its secure, high speed access military communications platform to "a pro
Read moreMorgan Stanley sees Admiral hitting a sweet spot and raised its price target for the car insurer by 6% to 1,344p. The broker reiterates its 'overweight' stance on Admiral, citing the group's improving underwriting margins, its growth as policyholders shop around more and improved profit commission
Read moreLegal & General's new chief financial officer Dr Nigel Wilson has bought £670,000 worth of shares less than seven weeks after joining the board of the insurer. Dr Wilson tookup his appointment on 1 September 2009. He did not own any shares at the time. Dr Wilson bought 760,948 shares at 88p each o
Read moreDavid Tyler, a non-executive director of Experian, has sold £525,100 worth of shares in the credit checker. Tyler, who is also the chairman of IT contracting company Logica, sold 100,000 shares at a price of 525.14p each. He is the second non-executive director to sell a large chunk of his holdin
Read moreProperty company Quintain Estates has soared over 1400% from record lows in March, but bosses think the shares have further to go. Tonianne Dwyer, who joined Quintain in 2003 to head the fund management business, has spent £50,000 on 40,000 shares at 125p each. That takes 45-year-old Dwyer's stake
Read moreTelecoms network BATM Advanced is the biggest riser after shrugging off the downturn to post a 34.3% rise in interim profits as turnover hit a record. Pre-tax profits for the period totalled $13.7m, compared with $10.2m over the same period the previous year, as revenue climbed to $69m from $65.8m.
Read moreDevro more than doubled first half pre-tax profit to £11m from £5m a year ago and the sausage skin maker expects the improving performance to continue through the second half. Profit before exceptional items for the six months ended 30 June 2009 rose 17% to £9.2m on sales up 27% to £105m. The inter
Read morePrivately owned global wound care company AOTI is to use Ark Therapeutics' Kerraboot product as part of its Topical Wound Oxygen Therapy (TWO2) for the treatment of chronic wounds. Kerraboot is a boot-like dressing device used in the management of foot and leg ulcers. Ark has granted AOTI exclus
Read moreTelecoms network company BATM Advanced Communications is confident of hitting its targets for this year despite difficult market conditions. The chairman, Peter Sheldon, said last year’s comparative figures for the first half are tough, thanks largely to the boost in business received from the Olym
Read moreBack in the last century Mothercare was an ailing brand, lumbering along as part of Storehouse, the group which also included British Home Stores. Since returning to the stock market as an independent entity the babycare products retailer has transformed itself into a high flyer, with the shares tra
Read moreCharles-Henri Dumon, recruitment group Michael Page's managing director for Continental Europe and The Americas, has sold £6700,000 worth of shares for personal tax and social security liabilities. The liabilities arose on earlier disposals and the vesting of his allocation under the group share pl
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