Cloud computing services provider Iomart declared its first dividend as revenue and profit growth in the first half of its financial year thanks to a mix of organic and acquisitive expansion.
Cloud computing company Iomart Group issued its trading statement for the six months 30 September on Friday, ahead of the announcement of its half yearly results.
AIM-listed cloud computing company Iomart said on Tuesday that it is no longer in talks regarding the potential acquisition of German managed hosting company, PlusServer.
Cloud services provider, Iomart Group hiked its final dividend payment touting its strong cash generation and management's confidence in the outlook.
Cloud computing firm Iomart Group reported an increase in annual pre-tax profit and said it had started the current year strongly.
Cloud computing company Iomart has acquired SystemsUp for an initial cash consideration of £9m.
Shire: Deutsche Bank reiterates buy recommendation and 6,000p target.
When something seems too good to be true, it probably is. Shares of on-line fashion retailer Asos are trading at a price-to-earnings ratio of 54.3 versus a rating of between 30-35 times profits for well-established and successful technology firms such as ARM Holdings. Furthermore, while the company has maintained its growth target for sales next year at between 15% to 20%, that masks what should be an easy fourth quarter due to the fire at its depot at Barnsley this year. Then there is the no small matter of its accounting treatment for the insurance pay-out it received for the above incident. Simply put, it puzzled several analysts. On top of that, one should carefully ponder the implications of the slowdown seen in the firm's international sales. The shares are best avoided, writes The Times's Tempus.
Aberdeen: Cantor Fitzgerald initiates with a target price of 520p and a 'buy' recommendation.
After private equity suitor Cinven withdrew its bid on Monday night, web hosting group Iomart issued a trading update that said interim revenue and profits will be "substantially" higher than last year.
BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged.
Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation.
Cloud computing firm Iomart reported a sharp increase in annual profit, upped its dividend and said it is well positioned for further significant growth.
New business and acquisitions helped cloud computing company Iomart to forecast better-than-expected annual profits.
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating.
Arrow Global: Numis starts with a target price of 270p and an add rating.
A round-up of the biggest director deals today so far.
Directors in cloud computing company Iomart have sold a large chunk of shares on the same day the firm completed one of its largest acquisitions.
African Minerals: Credit Suisse reduces target price from 350p to 280p and downgrades to neutral.
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged.