Bytes Tech Share News (BYIT)

Bytes Technology reports continued strong trading

(Sharecast News) - Software, security and cloud services specialist Bytes Technology reported continued strong trading in an update on Wednesday, with demand resilient and win rates favourable in both the corporate and public sectors.

IN BRIEF: Bytes Technology sees strong four months on resilient demand

Bytes Technology Group PLC - Surrey, England-based computer software - Says it continues to trade "strongly", and sees "resilient" demand and "pleasing" win-rates across both the corporate and public sectors. In a statement ahead of the annual general meeting on Wednesday, the company says it has performed well, with percentage growth in gross profit and adjusted operating profit comfortably in double digits for the first four months that ended June 30. Percentage growth in gross invoiced income significantly exceeded the increase in gross profit as a result of a number of high volume, lower gross margin software wins in the period.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Bytes Technology CEO Neil Murphy sells 950,000 shares

Bytes Technology Group PLC - Surrey, England-based computer software - Chief Executive Neil Murphy sells 950,000 shares for 500 pence apiece worth GBP4.8 million on Thursday. Says the sale is for personal and family estate planning purposes. Murphy will retain 2.8 million shares, representing 1.18% of the issued share capital.

LONDON BROKER RATINGS: Morgan Stanley raises Deliveroo to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Bytes Technology Group reports solid full-year growth

(Sharecast News) - Software, security and cloud service specialist Bytes Technology Group reported strong growth in its preliminary results on Tuesday, with gross invoiced income up 10.1% at £1.44bn.

Bytes Technology pays special dividend again on positive 2023 results

(Alliance News) - Bytes Technology Group PLC on Tuesday declared a special dividend again after delivering another "very positive" performance for the full year, underscoring strong double-digit growth from all areas of the business.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Bytes Technology unit head joins board as David Maw exits

Bytes Technology Group PLC - Surrey, England-based computer software - Appoints Sam Mudd as an executive director, with effect from the conclusion of the next annual general meeting to be held in July. Mudd is currently the managing director of Phoenix Software Ltd, a wholly owned subsidiary of the group, and she will continue in this role following her appointment to the parent's board. Bytes also says David Maw will step down as a non-executive director at the AGM after 23 years with the group.

Bytes appoints Sam Mudd to executive director role

(Sharecast News) - Software, security, and cloud services provider Bytes Technology Group announced the appointment of Sam Mudd as an executive director on Wednesday, effective after its annual general meeting (AGM) to be held in July.

LONDON BROKER RATINGS: HSBC raises St James's Place to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

LONDON BRIEFING: JD Wetherspoon swings to profit; UK retail sales rise

(Alliance News) - Stocks in London were set to open lower on Friday, after a string of interest rate hikes from a number of major central banks.

Numis upgrades Bytes Technology, notes 'strong rebound' in 2H cash conversion

(Sharecast News) - Analysts at Numis upgraded their recommendation for shares of Bytes Technology from 'add' to 'buy' after the software reseller guided towards full-year operating earnings ahead of their expectations.

LONDON MARKET MIDDAY: Stocks lower, pound up as rate decisions loom

(Alliance News) - Stock prices in London were largely lower at midday on Wednesday, as in-coming interest rate decisions from the US Federal Reserve and the Bank of England weighed on investors' minds.

Bytes Technology shares rise on performance underpinned by demand

(Alliance News) - Bytes Technology Group PLC on Wednesday said that it was delighted with its performance in financial 2023, as it expects to see adjusted operating profit rise on the year prior.