Browse Shares Archive

Chinese platform sees Playtech cash in

Online gaming software specialist Playtech (PTEC:AIM) will launch its first Asian P2P (player-to-player) games in the coming days. Three products will be rolled out during 2008 including 13-card poker and Do-Di-Zhu, the latter introduced from April with licence partner AsianLogic... READ MORE >>

US market proves a tough sell for Tesco

Success in Central Europe and Asia may have been seemingly easy to come by for retail behemoth Tesco (TSCO) but things are looking less rosy on the other side of the pond according to analyst examinations of its US business Fresh and Easy. Mike Dennis of Piper Jaffray, whose research is... READ MORE >>

Brazilian expansion for Datatec

A second investment in Brazil in four months is Datatec’s (DTC:AIM) latest step in the international communications and technology group’s strategy to expand its geographic reach. Datatec’s Logicalis arm, which is a value-added reseller focused on the networking equipment and server... READ MORE >>

US lows keep Wolseley weak

The shares in plumbing and building supplies group Wolseley (WOS) continue to hit new lows as US trading weakens further. The stock fell 27.5p to 504.5p on Monday morning (17 March) after first-half results showed a 72% drop in pre-tax profit to £233 million from losses at its US arm,... READ MORE >>

Accident Exchange faces claim conundrum

First there was a profit warning, this was followed by a legal dispute over old claims and then funding became the problem at Accident Exchange (ACE). All these issues behind it, it seemed management had only to concentrate on improving cash flow. But just as the working capital situation... READ MORE >>

Demerger makes Cadbury tasty

Confectionery giant Cadbury Schweppes (CBRY) has confounded the sceptics and succeeded in funding the demerger of the US beverages business. This will be the subject of an EGM on 11 April, and will become effective at the beginning of May. Analysts are becoming more optimistic that without... READ MORE >>

Bad debts signal grim prospects for Cattles

Sub-prime lender Cattles (CTT) is the most exposed of the specialist financials to an expected rise in bad debts, say analysts at independent broker Numis. The collapse of US investment bank Bear Stearns has been accompanied by a new spike in the London inter-bank offer rate (LIBOR), the... READ MORE >>

Buoyancy in battered Serica?

Gas-focused explorer Serica Energy (SQZ:AIM) has taken a battering on the market ever since coming up with two dusters in Indonesia at the turn of the year. The first two wells to be drilled on the Biliton Block in the Java Sea, of which Serica has 45% and is operator, were... READ MORE >>

Southern Cross buys and grows

Care home operator Southern Cross Healthcare (SCHE) has boosted the number of homes and beds it operates to 727 and 37,080 respectively, following a spate of... READ MORE >>