Thu, 01st Oct 2020 10:47
Cloud computing company Iomart has acquired SystemsUp for an initial cash consideration of £9m. SystemsUp, a London consultancy focused on the delivery of IT transformation using Public Cloud, generates a turnover in the 12 months to 31 March of £4m, while pre-tax profit came in at £1.5m and net ass
Read moreShire: Deutsche Bank reiterates buy recommendation and 6,000p target. Bellway: Deutsche Bank stays at hold with a 2,326p target price, Citi reiterates buy. Halfords: Deustche Bank remains at hold and ups target to 480p from 460p. Churchill Mining: Northland initiates coverage at 'speculative buy'.
Read moreWhen something seems too good to be true, it probably is. Shares of on-line fashion retailer Asos are trading at a price-to-earnings ratio of 54.3 versus a rating of between 30-35 times profits for well-established and successful technology firms such as ARM Holdings. Furthermore, while the company
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