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Share Price Information for Mc Mining (MCM)

London Stock Exchange
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Share Price: 7.50
Bid: 7.00
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 1.00 (14.286%)
Open: 7.50
High: 8.00
Low: 7.50
Prev. Close: 7.50
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London close: M&S leads FTSE 100 higher

Wed, 06th Apr 2011 16:47

London's leading share index finished with good gains Wednesday, with high street favourite Marks & Spencer the star of the show.Brokers have been queuing up today to praise the results from the bellwether of the UK retail sector after it delivered a forecast busting trading update. The company saw a sharp drop in like-for-like sales of clothes and other non-food items in the 13 weeks to 2 April, though the fall wasn't as severe as expected and overall sales growth was maintained. Peel Hunt upgraded the stock from "sell" to "hold", saying it sees limited downside at this juncture. Tom Gadsby, an analyst at Matrix Group. Was also impressed. "The headline figure is the general merchandise LFL sales number, with a decline of -3.9% something of a triumph given that the range was -4% to -8%, consensus was -6.2% and the house broker was on -7.0%," he enthused, adding that M&S suddenly looks very good value.Sam Hart, at Charles Stanley, is a fan of the store's more mature customer profile and bias towards higher socio-economic groups. Spending levels among these are likely to remain more resilient, Hart reckons, and with the shares yielding around 5% the broker's advice remains to accumulate the shares.M&S shares led the market higher, supported by sector peers such as fashion chain Next, department store Debenhams and supermarket Tesco.Figures from Italian restaurant chain Prezzo also suggested the consumer outlook is not that bad. Adjusted pre-tax profits in the 53 weeks to 2 January were up by 12% from the previous year to £14.4m on revenues that climbed by 15% to £104.8m. Prezzo also reported a strong start to 2011 and said it is confident for the year ahead.Financial software provider Misys was wanted after it reported a 7% rise in year on year revenue in the third quarter ended 28 February 2011, following strong demand for its products, and said it was poised to meet medium-term targets. Revenue during the third quarter rose to £85m while year to date the figure rose 2%. Order intake rose 34% to £49m and 13% year to date. Drugs firm Shire has filed a lawsuit against US rival Watson Pharmaceuticals, claiming an infringement of Shire's ADDERALL XR patents, and a breach of contract.Norwegian Airlines has ordered its first ever Rolls-Royce engines. Norwegian has selected Rolls-Royce's Trent 100 engines to power nine Boeing 787 Dreamliner aircraft. The airline has also signed a $450m Rolls-Royce TotalCare long-term engine services contract.White collar recruitment group Robert Walters pointed to strong growth in its Asia Pacific and European operations as it posted a 23% rise in year-on-year income for the first quarter and reported that its Japanese business, which was affected by the earthquake, is "now operational."Department store group Beale will more than double the number of stores under its ownership after acquiring 19 further sites from a co-operative society for a total consideration of £7.5m.Motivcom, the marketing services group, hailed another year of strong growth in 2010. Revenues rose by 12.8% to £15.48m. Headline profit before tax improved by 34% to £4.69m. Its cash generated from operations improved considerably, slightly more than doubling, to reach £7.72m.FTSE 100 - RisersMarks & Spencer Group (MKS) 360.60p +6.00%Lloyds Banking Group (LLOY) 61.96p +3.92%Next (NXT) 2,096.00p +3.20%Barclays (BARC) 294.80p +2.81%Kingfisher (KGF) 264.90p +2.67%Royal Bank of Scotland Group (RBS) 42.78p +2.66%TUI Travel (TT.) 234.40p +2.58%Kazakhmys (KAZ) 1,468.00p +2.44%Antofagasta (ANTO) 1,468.00p +2.16%Investec (INVP) 497.90p +2.15%FTSE 100 - FallersCairn Energy (CNE) 456.40p -2.83%Invensys (ISYS) 334.90p -2.65%Pearson (PSON) 1,116.00p -2.62%Centrica (CNA) 323.80p -1.79%Sage Group (SGE) 275.80p -1.46%Essar Energy (ESSR) 464.00p -1.07%Vedanta Resources (VED) 2,497.00p -0.83%Experian (EXPN) 775.50p -0.77%British American Tobacco (BATS) 2,532.00p -0.69%BAE Systems (BA.) 331.60p -0.69%FTSE 250 - RisersRenishaw (RSW) 1,596.00p +5.49%Centamin Egypt Ltd. (CEY) 146.10p +5.34%Pace (PIC) 159.30p +5.15%Exillon Energy (EXI) 458.50p +4.44%Petropavlovsk (POG) 981.00p +4.25%Lancashire Holdings (LRE) 646.50p +3.94%Mothercare (MTC) 405.20p +3.90%Dunelm Group (DNLM) 423.00p +3.68%Debenhams (DEB) 63.00p +3.53%Halfords Group (HFD) 368.60p +3.48%FTSE 250 - FallersBwin.party Digital Entertainment (BPTY) 166.40p -15.92%Taylor Wimpey (TW.) 38.40p -4.57%Betfair Group (BET) 992.00p -3.69%Barratt Developments (BDEV) 109.10p -2.85%Rotork (ROR) 1,746.00p -2.46%Logica (LOG) 127.90p -2.29%Gem Diamonds Ltd. (DI) (GEMD) 278.80p -2.18%Phoenix Group Holdings (DI) (PHNX) 661.00p -2.07%Bodycote (BOY) 333.00p -2.03%Ultra Electronics Holdings (ULE) 1,705.00p -1.84%
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27 Mar 2014 09:02

Thursday broker round-up UPDATE

Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom

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26 Sep 2013 16:21

Motivcom aims for ISA appeal with steady growth and dividend

Motivcom is a cash-generative business with a good dividend yield and a strong management team - it has fans among professional and private investors alike. With AIM shares finally allowed into ISAs since August, this looks a suitable piece for a broad portfolio. The group is split into two core ar

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26 Sep 2012 16:52

Motivcom signals confidence with divi hike

Employee retention and company events specialist Motivcom signalled confidence for the full year with a big hike in its interim dividend, despite a decline in revenues and profits. Timing differences in major contracts and other phasing issues meant that revenue in the first half of 2012 retreated

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28 Mar 2012 12:31

Motivcom tops reduced expectations

Things look to be back on a sound footing at Motivcom, the business services group which went through the pain of a profit warning back in September. Finance director Sue Hocken told Sharecast at the time of its profits warning that it had set its full year guidance at a cautious level and that the

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27 Sep 2011 18:18

Motivcom undone by events

Employee benefits and corporate events management firm Motivcom saw its shares lose almost one-sixth of their value after it issued a profit warning along with its interim figures, but the company is confident that revised market expectations for the full-year are achievable. House broker Numis Sec

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19 Sep 2011 13:52

Motivcom grows events division with £5.25m acquisition

Zibrant, a subsidiary in the Events and Communications division of business services group Motivcom, has bought marketing solutions company Goldserve for £5.25m in cash. "Goldserve operates more than 2,000 global lead and enquiry websites, generating in excess of 10,000 new event enquiries per year

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6 Apr 2011 14:56

London afternoon: M&S marches higher

Brokers have been queuing up today to praise the results from Marks & Spencer after the bellwether of the UK retail sector delivered a forecast busting trading update. The high street stalwart saw a sharp drop in like-for-like sales of clothes and other non-food items in the 13 weeks to 2 April, t

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6 Apr 2011 12:19

Cash rolls in at Motivcom

Motivcom, the marketing services group, hailed another year of strong growth in 2010. For the year in question its revenues rose by 12.8% to £15.48m. Headline profit before tax improved by 34% to £4.69m. Its cash generated from operations improved considerably, slightly more than doubling, to reach

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18 Jan 2011 12:38

Small caps round-up: ATH Resources, Hellenic Carriers, Oakley Capital...

One of Britain's biggest coal producers ATH Resources traded in line with expectations during the first quarter, although geological issues at its Glenmuckloch site continue to cause concern. The firm is also worried about the recent dramatic increase in the price of gas oil which, if it continues

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29 Sep 2010 15:12

Motivcom significantly ahead

Marketing services group Motivcom expects full year results to be significantly ahead of the expectations it held at the start of the year, after a strong first half. Although revenue in the six months to 30 June dipped slightly to £47.3m from £49.0m the year before, profit before tax jumped to £2

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31 Mar 2010 13:16

Small caps round-up: Aurum, Berkeley Minerals, CSS Stellar ...

Aurum Mining has reached commercial agreement with Kentor Gold for the acquisition of its remaining 10% interest in the Andash asset for a consideration of US$2.2m, to be paid in three instalments by 30 July 2010. Berkeley Minerals posted a loss of £232,000 for the six months ended December, compar

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