PINN.L Share News (PINN)

UPDATE: Coms Walks Away After Pinnacle Technology Rejects Bid

Pinnacle rebuffs Coms approach

Pinnacle Technology has knocked back what it described as an "opportunistic" indicative offer from rival AIM-listed firm Coms. It comes two days after London-based Coms confirmed it was considering making a bid for Pinnacle in the region of 21p a share, which would value the Scottish telecoms group

Pinnacle Technology Rebuffs Coms PLC Takeover Bid

Sector movers: M&A continues to boost telecoms in wake of Vodafone-Verizon deal

Telecom equities were the best performers of the day on Wednesday as M&A speculation continues to boost stocks in the wake of one of the biggest corporate deals in history between Vodafone and Verizon. The UK mobile-phone giant announced on Monday that it had reached an agreement with its US partne

Coms eyes takeover of Pinnacle Technology

Shares in AIM-listed business services firm Pinnacle Technology rose sharply on Tuesday after Coms said it was thinking about a possible offer for the company. Coms, which is focused on hosted business phone systems, said it is "considering a possible corporate transaction with Pinnacle that could

Coms Considering Pinnacle Technology Takeover Offer

Pinnacle's fifth year of growth dampened by falling revenue in telecoms unit

Shares in AIM-listed cloud technology provider Pinnacle fell sharply on Wednesday after the company posted preliminary results for the full year ending September 30th 2012 and proposed a share consolidation. While the business as a whole posted a fifth consecutive year of growth with gross profits

Contract wins round-up: Summit, Pinnacle, Eckoh

UK drug discovery company Summit has signed a technology licensing agreement with US pharmaceuticals colossus, Bristol-Myers Squibb. The US firm will use use Summit's proprietary Seglin technology to identify and develop drug candidates for up to ten targets across multiple therapeutic areas. Summi

Small caps round-up: Pinnacle, Armour, Sweett...

Pinnacle Technology Group, a provider of cloud based technology solutions, has entered into an exclusivity agreement with EE Soft, a security software company based in North Carolina in the US, under which EES has granted Pinnacle exclusivity to market and distribute its anti-theft computer security

Thorntons Chairman buys 400,000 shares

John von Spreckelsen, Chairman of chocolate retailer Thorntons, has bought up 400,000 shares in the firm, one week after it reported that its pre-tax profit more than halved after heavy discounting. Spreckelsen, who last year announced his intention to quit the firm before the end of September, bu

Pinnacle drops on margin falls

Pinnacle Telecom, the Scottish company which has won the contract to supply the BBC with data services during the London Olympics, saw profit takers move in after revealing falling revenues from mobile services and a drop in gross margin. The company provides five separate streams of services relat

Small caps round-up:Sweett, Creon, Quindell, Colliers, Pinnacle ...

Sweett Group, an international property and construction consultancy, has entered into a pre-paid option agreement for the conditional disposal by its subsidiary company Cyril Sweett Investments of its 19% interest in the equity of E4i Holdings and loan notes in its subsidiary company, E4i Schools L

Pinnacle makes maiden operating profit

Penny stock Pinnacle Telecom made its maiden operating profit last year, earning £0.08m in the year to 30 September 2010, after posting an operating loss of £0.58m the year before. Turnover rose 107% to £2.09m from £0.99m a year earlier, while the loss before tax narrowed to £0.27m from £0.90m. Cas

London close: US gives Footsie a lift

Sentiment improved after the US open following a sluggish start, helping Footsie close with modest gains. A bigger than expected rise in US house sales reassured investors over the state of the world economy. Banks Lloyds, Royal Bank of Scotland and Barclays were all strongly ahead after they sail

London afternoon: Pick-up at Penguin boosts Pearson

Leading shares remain mixed ahead of the deluge of big company announcements later in the week that includes oil giants BP, Shell and BG. Tullow Oil may be smaller than the aforementioned triumvirate but its shares are outperforming all of them and the rest of the Footsie constituents today after i