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Share Price: 35.00

Bid: 34.00

Ask: 36.00

Change: 0.00 (0.00%)

Spread: 2.00 (5.882%)

Open: 35.00

High: 35.00

Low: 35.00

Prev. Close: 35.00

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IN BRIEF: SysGroup acquires IT service provider for GBP1 million

Wed, 27th Apr 2022 16:42

SysGroup PLC - Liverpool-based IT services, cyber security and cloud hosting provider - Wholly acquires Bristol-based IT service provider Independent Network Solutions Ltd for GBP1.0 million. The newly acquired company trades as Orchard Computers and generated revenue of GBP2.1 million in 2021 alongside pretax profit of GBP300,000. The acquisition is funded from the company's existing cash balance. SysGroup says Orchard will enhance its presence in the South West of England and complement its operations in South Wales. SysGroup expects it to be immediately earnings enhancing.

Current stock price: 28.50 pence

12-month change: down 42%

By Heather Rydings; heatherrydings@alliancenews.com

More News

27 Jan 2010 12:02

London midday: Miners pull blue chips lower

Footsie is trying to rally after an early sell-off on fears that China is planning fiscal measures to cool growth. Mining stocks once again feature prominently among the laggards, with Xstrata, Fresnillo and Anglo American the worst hit. Mining giant Vedanta Resources is also lower despite seeing

27 Jan 2010 07:56

System C Healthcare profit bounces 49%

Shares in System C Healthcare rose over 2% after it reported a 49% increase in first half pre-tax profit and said it expects full year profit to be in line with market forecasts. The group, which provides information solutions and services to the UK health and social care sectors, said pre-tax prof

11 Jun 2009 16:33

London close: Banks boost Footsie late

London rallied strongly late on, helped by gains for banks, which outweighed profit taking among the big mining stocks and weakness among oil users as the price of crude rose again. Speculation is growing about the timing of the government's withdrawal from ownership of large stakes in Royal Bank

11 Jun 2009 14:47

London afternoon: Banks in demand

London is having a languid day, with Footsie lacking direction. Banks are strong but their gains are counterbalanced by losses on mining stocks. Banks are in focus as speculation grows about the timing of the government's withdrawal from ownership of large stakes in Royal Bank of Scotland (RBS), L

11 Jun 2009 11:54

London midday: Leading shares remain mixed

Leading shares continue to tread water, with little sign of strong influence from Wall Street, which is expected to open moderately firmer. Home Retail Group is slightly off the pace after this morning's trading statement. The retailer said both Argos and Homebase enjoyed better than expected sales

11 Jun 2009 08:20

London open: Shares drop slightly

London's blue chips are slightly lower in early dealings with commodity stocks among the main fallers following yesterday's stellar gains. Mining giants Lonmin, Rio Tinto, Eurasian Natural Resources and Xstrata are all down. Home Retail Group said both Argos and Homebase enjoyed better than expect

11 Jun 2009 07:47

London pre-open: Slight advance expected

Footsie is expected to edge up in early dealings, building on gains yesterday. Home Retail Group said both Argos and Homebase enjoyed better than expected sales in the quarter and grew market share. Total sales at Argos grew by 0.9% in the 13 weeks ended 30 May to £937m, while like-for-like sales d

11 Jun 2009 07:22

System C profits at top end

System C, an information solutions and services provider to the healthcare sector, expects profit for the financial year ending 31 May 2009 to be at or around the top end of market expectations. The group said pre tax profits is expected to be over 20% higher than for the year to 31st May 2008. Th

14 May 2009 11:07

Small caps round-up: Clean Air Power, Forbidden Tech, ProStrakan...

Deals to supply supermarket Sainsbury's and dairy group Robert Wiseman helped the fuel technology group Clean Air Power post a rise in revenues and reduce losses over 2008. Pre-tax losses fell to £2.4m from £3m as turnover climbed to £6.5m from £4.7m. Internet video platform developer Forbidden Te

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IN BRIEF: SysGroup acquires IT service provider for GBP1 million

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