Telecoms stocks were among the worst performers in London on Friday with BT Group and newly-merged Dixons Carphone trading in the red. BT was 1.5% lower on reports that the company will have to wait until next month before a court will give its verdict on its long-running battle with BSkyB over who
Read moreHigh street giant Marks & Spencer has, against a backdrop of low expectations, "offered some hope" with its first-quarter update, according to Hargreaves Lansdown Stockbrokers. Analyst Keith Bowman said: "An increased focus on profit margin generates potential longer term optimism, with General Mer
Read more- Airlines, retail stocks provide a drag - UK industrial production unexpectedly declines - Alcoa, Fed minutes in focus for US investors - M&S closely watched after Q1 update techMARK 2,816.76 -0.95% FTSE 100 6,790.61 -0.48% FTSE 250 15,731.61 -1.01% Heavy falls in the airline and retail sectors o
Read moreA profit warning from Monitise hasn't deterred Canaccord Genuity from its positive stance on the stock, with the broker highlighting the long-term potential of the mobile payments business. The company surprised the market on Tuesday after saying that sales in the year ended June 30th are estimated
Read more- Investors continue to take profits after recent rally - Fed, Alcoa Q2 report in focus - M&S impresses with clothing improvement - Miners rise, airlines fall techMARK 2,827.25 -0.58% FTSE 100 6,811.08 -0.18% FTSE 250 15,792.64 -0.63% UK stocks declined for a second day on Tuesday as a lack of pos
Read moreShares in mobile payments group Monitise plummeted on Tuesday after the company issued a profit warning, admitting that annual revenue growth has not been as strong as hoped. Full-year sales in the year ended June 30th are estimated to be £95-97m, representing growth of 31-33% over the year. This
Read more(Adds details, analyst comments, share movement) July 8 (Reuters) - Monitise Plc lowered its full-year revenue growth forecast for the second time this year as the mobile-banking technology company's faster-than-anticipated shift to a subscription-based model hurt near-term revenue. S
Read moreJuly 8 (Reuters) - Monitise lowered its full-year revenue growth estimate as the mobile banking technology company shifted to its new subscription-based model faster than anticipated. The company now expects full-year revenue to be between 95 million pounds and 97 million pounds, or a growt
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