B2B information, insight and events group Centaur Media maintained its dividend on Wednesday after narrowing losses in its most recent trading year thanks to declining exceptional costs and rising revenues.
Investors in business-to-business information, insight and events group Centaur Media were gathering for the company's annual general meeting on Tuesday, with the board issuing a statement confirming it traded in line with management expectations in the first three months of the new financial year.
Centaur Media, a multi-platform business information, insight and events group, has announced that it has agreed to acquire Oystercatchers for up to £3.35m in cash and shares.
Centaur Media launched a £1m share buy-back programme which was to be executed on the open market.
Centaur Media said it has appointed Swag Mukerji as chief financial officer.
Centaur Media gave investors an upbeat update on the first four months of the year, as revenues grew 5% and the B2B publishing and events group made a significant improvement in cash collection.
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating.
Aa: Liberum Capital initiates with a target price of 417p and a buy recommendation.
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold.
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged.
AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation.
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral.
Publishing, events and business information firm Centaur Media beat forecasts with its results for the six months ended December 31st and said it is confident about its future as it undergoes a 're-organisation'.
A round-up of the biggest director deals today so far.
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p.
Abcam: Numis downgrades to add with a target price of 570p.
African Minerals: Investec reduces target price from 393p to 246p, while its buy recommendation remains unchanged.