Rio Tinto: Deutsche Bank downgrades to hold with a target price of 4,700p.
IT service management company Redcentric downgraded its expectations for 2019 on Friday, citing the loss of some public sector hosting business, recent sales softness and the upfront costs of the Yorkshire and Humber public sector network programme.
(WebFG News) - IT managed services provider Redcentric was confirmed on Thursday as the preferred supplier for the Health and Social Care Network and Public Services Network services in the Yorkshire and Humber region.
AIM-listed Redcentric, an IT managed services provider, said on Thursday that its trading results for the year to the end of March were in line with the board's expectations.
AIM-listed IT management services group Redcentric narrowed losses in its first half despite a slight downturn in revenue.
Managed IT services provider Redcentric announced the appointment of Chris Jagusz as its chief executive officer on Thursday - confirming he would start on 16 October - and updated the market on its trading for the six months to 30 September.
AIM-listed IT managed services provider Redcentric said on Friday that trading in the year to the end of March was in line with the board's expectations.
Redcentric provided a regulatory update to the market on Monday, advising that the Financial Conduct Authority had commenced an investigation following the historic overstatement of net assets and profits.
Redcentric, the IT managed services provider, has won a three-year contract with the NHS Digital's Health and Social Care Network, which it said was "one of its most significant public sector wins to date".
Redcentric, an IT managed services provider, has appointed Peter Brotherton as chief financial officer, company secretary and a director, effective from 28 November.
IT managed services provider Redcentric has parted company with its finance director and is calculating its banking covenants after its accounts were found to have been misstated.
AIM-listed IT managed services provider Redcentric announced the appointment of Mo Siddiqi as chief operating officer and expressed confidence that it will deliver results in line with its expectations for the year.
Full year revenue rose at Redcentric, an IT service provider, boosted by organic growth and two acquisitions.
UK IT services provider Redcentric has agreed to buy City Lifeline for £4.8m, the company announced on Friday.
IT managed services provider Redcentric posted a drop in first half pre-tax profit as it booked one-off acquisition and integration costs from its purchase of of Calyx Managed Services.
Oxford Instruments shares should be sold, said the Sunday Times' Inside the City column. The high-tech device maker spun out of Oxford University in 1959 needs to operate right on the bleeding edge of technology, and often depends on acquisitions to stay relevant - but not even that strategy is guaranteed to deliver reliable profits. The company has suffered two profit warnings in the last year, blamed on the sanctions on Russia and China's economic slowdown.
IT managed services provider Redcentric has won a major contract with the Health and Social Care Information Centre (HSCIC) worth over of £3.5m.
IT managed services provider Redcentric beat analysts' forecasts with its full-year results on Monday and said it was looking at further acquisitions following the takeover of Calyx in April.
Investors who piled into bank shares after the election results became known may have jumped the gun. True, the risk of a less disciplined approach to economic management by Labour has been eliminated. Continued economic recovery should loan losses continue to fall. Likewise, the risk of a costly experiment in turnin RBS into a regional bank has also been tossed out the window. The Tories's beloved challenger banks also stand to benefit now that Miliband's mansion tax plans are off the table and the sale (not public) of the state's sale of its Lloyds stake can resume.
Redcentric, the AIM-listed business technology group, said revenue and operating profits would match market expectations for the year ending 31 March.