Iomart Share News (IOM)

New business and acquisitions buoy Iomart

New business and acquisitions helped cloud computing company Iomart to forecast better-than-expected annual profits. Iomart said its hosting operation had continued to win a "substantial" amount of business during the year. The division also benefited from contributions from Redstation, and Backup

Iomart Full Year Adjusted Results To Be Slightly Ahead Of Expectations

LONDON (Alliance News) - Iomart Group PLC said Wednesday that it expects to see adjusted earnings before interest, tax, depreciation and amortisation and adjusted pretax profit slightly ahead of consensus expectations for the year ending March 31. Iomart said it expected to post adjusted E

Wednesday broker round-up UPDATE

Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene

Daily Internet Shares Up 34% As It Streamlines, Appoints New Non-Exec

LONDON (Alliance News) - Shares in Daily Internet PLC jumped 34% Wednesday morning after it said it had mostly completed the streamlining of its operations and rationalising of costs following its acquisition of Netplan Internet Solutions Ltd last October. The web hosting and cloud infrastr

Tuesday broker round-up UPDATE

Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p

Tech entrepreneur MacSween sells 3.6m Iomart shares

Angus MacSween, the technology entrepreneur who is also both the founder and Chief Executive of Iomart, the UK's largest cloud-computing company, is set to pocket 10m pounds after selling around 3.6m shares. The transaction, which was made on the same day the firm completed one of its largest acqu

DIRECTOR DEALINGS: Iomart Executives Sell Shares

Iomart completes bank-funded acquisition, directors sell shares

Directors in cloud computing company Iomart have sold a large chunk of shares on the same day the firm completed one of its largest acquisitions. Glasgow-headquartered Iomart has acquired Leeds-based cloud data backup and disaster recovery services provider Backup Technology (BTL) for £17.5m cash

BROKER RATING CHANGES: Barclays, Nomura Cut Unilever Price Target

Tuesday broker round-up UPDATE

African Minerals: Credit Suisse reduces target price from 350p to 280p and downgrades to neutral. British Land: Societe Generale cuts target price from 670p to 620p and downgrades to hold. Derwent London: Societe Generale reduces target price from 2610p to 2470p downgrading to hold. Faroe Petrole

Iomart Says Trading Strong As It Buys Data Backup Company

Friday broker round-up UPDATE

Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p

Iomart acquires server company Redstation

Glasgow-based cloud computing company Iomart has bought privately-owned Hampshire server company Redstation for up to 8.1m pounds. It said it had paid an initial £6.6m comprising of £5.1m in cash, which will be funded out of its existing banking facilities, and £1.5m in new shares. It may pay a fur

Wednesday broker round-up UPDATE

AEC Education: WH Ireland lowers target price from 16p to 11p retaining a buy recommendation. Bodycote: JP Morgan downgrades to underweight with a target price of 495p. BTG: Deutsche Bank ups target price from 440p to 475p retaining a buy recommendation. De La Rue: Investec raises target price fr