Tclarke Share News (CTO)

Tungsten Corp non-exec almost doubles stake

Michael Spencer, a significant investor in Tungsten Corporation, almost doubled his stake in the cloud-based invoicing business this week. Spencer, who is also the founder of ICAP, paid 253p a share, spending £1.9m in total. His stake in the company now stands at 1.83m shares. The transaction

T Clarke Raises Payment Delay Concerns

STOCKS NEWS EUROPE-UK small caps close 0.8 percent higher

The FTSE Small Cap index closes 0.8 percent higher, outstripping the midcaps, up 0.2 percent, and the blue chips, up 0.5 percent. Xenetic Biosciences lurches 13.2 percent higher after the bio-pharmaceutical company says it has successfully completed Phase I, the initial safety trial for Mye

STOCKS NEWS EUROPE-UK small caps rise 0.2 percent

The FTSE Small Cap index advances 0.2 percent, while the midcaps climb 0.1 percent, and the blue chips are 0.4 percent higher. T Clarke firms 7.1 percent after the building services group issues an in-line trading update, with Panmure Gordon lifting its rating on the stock to "buy". P

Friday broker round-up UPDATE

Afren: Westhouse Securities initiates with a target price of 160p and a buy recommendation. Ashmore Group: Credit Suisse raises target price from 375p to 440p upgrading from underperform to neutral. Barratt Developments: Citigroup increases target price from 245p to 315p leaving its neutral rating

TClarke unveils annual profit decline in tough construction market

UK building services contractor TClarke reported a 75 per cent drop in annual pre-tax profits on Tuesday, reflecting market challenges and property disposal. Profit before tax for the year ended December 31st, 2012, came to £1.2m, down from £4.9m the previous year which benefited from a £2.2m prop

TClarke reports increased cash flows for 2012

TClarke's trading continued in line with expectations last year, with a rise in net cash flows, the building services company said Friday. Ahead of the preliminary results for the year ended December 31st, the group reported net cash of £5.4m, compared to £0.6m the year before. The company advance

Small caps round-up: YouGov, Sareum and InterQuest...

Environmental Recycling Technologies, which owns the rights to the Powder Impression Moulding (PIM) process which is capable of converting mixed waste plastics into commercially viable products, has confirmed that its US parent application, entitled 'Process for Forming Plastic, Apparatuses for Form

Tuesday broker round-up

AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr

T. Clarke jumps on order book news

T. Clarke, the building services company, says its forward order book has improved and now stands at £190m with over 50% of this year's requirement secured. It says it has won several high profile contracts including the famous "walkie-talkie" at 20, Fenchurch Street in the City. The total area amo

Friday preview: Cash the key for T. Clarke

T.Clarke, the building services group, said in mid-November it was on track to meet market expectations for the full year and in Panmure Gordon's opinion it had better deliver, or face the wrath of the market. "After some disappointing updates, the company needs to start delivering again. While ma

Clarke on track to meet targets

T.Clarke, the building services group, has performed well during the period from 1 July to 10 November, while results for the full year are set to be in line with market expectations. The firm's order book has remained strong and stands at around £187m, £7m higher than in November 2010. In a sta

UPDATE: Wednesday broker round-up

Inmarsat: Citi downgrades to hold from buy. Inmarsat: Morgan Stanley downgrades to underweight from neutral. Imperial Tobbacco: Investec retains buy. Carnival: Credit Suisse confirms neutral rating and 2,357p target. Drax: Credit Suisse cuts target from 400p to 350p, underperform rating maintain

Tough times for T. Clarke

Building services group T. Clarke took a battering on Friday morning as interim profits came in well below expectations and the company slashed its interim dividend. Underlying profit before tax in the first half of 2011 slumped to £2.2m from £3.8m the year before, well below the £2.93m predicted b

Friday preview: Marshalls, T. Clarke, UK GDP, Bernanke

Paving slab firm Marshalls' share price fell down a crack in August, and is only 10p or so above its 52-week low. Its markets remain challenging, what with its partial dependence on the public sector, and Panmure Gordon thinks it will be a long, hard slog before the company gets back full on its fee