@uk18 Jun 2011 14:02
Arbuthnot initiated coverage of @UK* (ATUK) with a "strong buy" recommendation and 25p target price. The broker notes that the electronic marketplace group has made substantial progress over the past year, securing significant endorsements and contracts for both its ecommerce marketplaces and Green Marketplace, and said it expects the business to be profitable in the next year. What's more, Arbuthnot added that with the market forecast to grow substantially in the next three to five years, it expects to see M&A activity. The shares advanced 2.125p to 12.125p.