Posts in LSE:ITE

ITE Group appoints new chairman

ITE Group has appointed Richard Last as non-executive chairman, effective from 12 Feb.

The group said Last had over 30 years of public company board experience, particularly in the technology and communications sectors.

Broker Forecast - Peel Hunt issues a broker note on ITE Group PLC

Peel Hunt today downgrades its investment rating on ITE Group PLC (LON:ITE) to reduce (from hold) and left its price target at 160p.

ITE schedules AGM

ITE has confirmed that the Company intends to hold its Annual General Meeting on 25 January.

At 1:04pm: (LON:ITE) ITE Group PLC share price was -2.37p at 172.13p

Why I’d sell this turnaround stock to buy a ‘secret’ FTSE 100 growth stock

Shares in ITE Group (LSE:ITE) are down more than 40% from their peak in October 2013, after several years of crashing earnings per share.

There has been a slow share price recovery in the past two years, as the firm is engaged in a "3-Year Transformation & Growth (TAG) Programme" -- but looking at Tuesday's full-year results, I'm not feeling any great attraction right now.

Broker Forecast - Peel Hunt issues a broker note on ITE Group PLC

Peel Hunt today reaffirms its hold investment rating on ITE Group PLC (LON:ITE) and raised its price target to 160p (from 155p).

ITE sees first LFL revenue rise for four years

ITE Group's revenue rose to £152.6m in the year to the end of September, growth of 5% on a like-for-like basis.

The group said this was the first year of like-for-like revenue growth for four years and a pleasing result from the implementation of the first initiatives of its new strategy.

It said that as expected, headline profit before tax was lower at £31.6m (2016: £36.5m) after the planned investment in the new TAG programme.

Is Interserve plc’s 65% share price slump set to continue?

Support services and construction group Interserve (LSE:IRV) has been hammered by a run of bad news and profit warnings. Could now be the perfect time to buy the bombed-out shares or is the slump set to continue?

Uncertainties

News of a contract win today has sent Interserve's shares up a couple of pence to 118p, continuing a recovery from a low of 74p on 14 September. Nevertheless, they remain down by 65% for the year to date.

Broker Forecast - Numis issues a broker note on ITE Group PLC

Numis today reaffirms its buy investment rating on ITE Group PLC (LON:ITE) and raised its price target to 220p (from 210p).

Broker Forecast - Peel Hunt issues a broker note on ITE Group PLC

Peel Hunt today reaffirms its hold investment rating on ITE Group PLC (LON:ITE) and raised its price target to 155p (from 150p).

ITE revenues up in challenging conditions

ITE Group's performance in the fourth quarter was in line with management expectations.

The group said that following the strategy update, it had been focusing on core market leading events and this had seen strong revenue growth which had offset the cancellation of smaller, non-core, low yielding events.

It said revenues for FY 2017 were expected to be around £151m (2016: £134m).