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Softcat PLC Shares News & Articles

Knockout Softcat half means tech supplier will ‘significantly’ beat estimates

Analysts ripped up their Softcat (SCT) profit forecasts for the next three years after the company massively beat first-half operating profit expectations. ‘Earnings before interest and tax came in 20% ahead of expectations despite a positive update in January and forecasts having been upgraded then,’ said Numis analyst Tintin Stormont. EBIT is another way of saying operating profit, by and ...

FTSE finishes back in the green despite lockdown concerns, Next rises on better than expected festive sales

Despite the UK lurching back into an economically destructive lockdown, London’s FTSE 100 clawed back earlier losses to close 0.61% higher at 6,612.25 points on Tuesday. The blue chip benchmark’s resilience reflected hopes for a swift vaccine rollout as well as a boost to sentiment from chancellor Rishi Sunak’s £4.6 billion relief package for the UK retail and hospitality ...
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