Company
Computacenter PLC
LON:CCC
Computacenter is a leading European independent provider of IT infrastructure services. Computacenter advise companies on IT strategy, deploying and integrating appropriate technologies, and managing elements of their infrastructures on their behalf.
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Computacenter sees modest full-year profit growth after ‘substantial’ headwinds
Results for the current year have been impacted by the unwinding of the COVID-19 cost and utilisation benefits the company received in 2020 and 2021
Computacenter posts lower profit; UK sales dented by WFH
Server demand in the US is soaring but not enough to offset a weak UK
Computacenter seen in positive light ahead of interims
Buoyant outlook for British IT multinational following July acquisition
Computacenter buys US firm Business IT Source
To maximise growth opportunities, Computacenter has decided to retain the existing BITS management team to run the business as a separate operation
Computacenter hikes dividend as business demand for digitisation remains 'buoyant'
Underlying profit has doubled over the past three years
Computacenter sees FY21 profit above £250mln and starts current year with record order backlog
Total revenue surged by 27%, with revenue from the Services business growing at its highest rate in 20 years
Computacenter ups profit guidance as positive trading momentum continues
The FTSE 250 IT firm said its pre-tax profit for the year to December 31, 2020, is now predicted to be in excess of £195mln, up from a previous forecast of around £190mln made in an update on December 10
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FTSE 100 ends in the red as Wall Street struggles
Sentiment in New York has been hit by the prospect of tougher lockdowns being introduced to combat the spread of COVID-19, with reports emerging of new restrictions in China and Hong Kong as well as a possible UK border closure
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Quiet Friday to be punctuated by flash PMIs
The readings for January are expected to be lower across the board, particularly in the UK and particularly for services
Computacenter enters fourth quarter with strong order backlog
The tech firm said it is “highly pleased” with the performance across its geographies
Computacenter lifts dividend and makes US-focused acquisition after strong half year
Based on current business activity levels, the group said adjusted profit before tax for the year is “unlikely to be less than £180mln”
UK tech stocks pull back with US tech sell-off
Small cap tech stocks held up well in last week’s sell-off, with the selling focused on liquid larger caps.
Computacenter surges as it upgrades full-year forecasts
The IT firm said that a “successful trading performance” seen in the first half of its current year has continued and as a result "the likely turn out for the year as a whole will be materially above the board’s previous expectations"
Computacenter higher as home working boom lifts demand for IT equipment
The tech firm said demand from home workers had helped to offset its more "quiet" industrial clients
Hardware & electrical equipment
Computacenter initiated at buy and Softcat knocked to sell as Citi reevaluates technology resellers
The bank said the value added resellers were “an attractive way to gain exposure to IT spending trends”
Computacenter receives boost from upsurge in working from home during coronavirus pandemic
Business is picking up for the IT services provider with its ability to handle big orders the key to its success in clinching many contract wins
Computacenter pleased with trading - all things considered
"Mustn't grumble," was the message from the IT services provider as it said trading had not been as badly affected by the spread of the coronavirus as it had feared
Computacenter upgraded by UBS over defensive qualities in face of coronavirus
Recent trading showed strong product sales especially laptops as client companies seek to put business continuity plans into action
Computacenter sees laptop demand surge as firms prepare for coronavirus
“We do however have some concerns that in the medium-term, customers may postpone significant IT infrastructure projects while the current uncertainty remains”
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Computacenter upgraded to ‘buy’ as Berenberg says firm could outperform their numbers
The bank is assuming the firm will deliver “double-digit organic revenue growth” in its US business, as well as deploying around £150mln in cash through either a share buyback or an acquisition within the next 12 months
Computacenter hails “best ever” year
Revenues for the IT firm had risen by 16% in the year, while profitability had increased by the largest absolute amount ever
Computacenter downgraded by UBS as profits growth expected to slow
The Swiss bank reduced its recommendation to ‘sell’ from ‘neutral’ and upped the price target to 1,625p from 1,485p
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Power Metal surges as it raises £700,000
A look at the day's major movers, including Rockfire Resources, Woodford Patient, RWS Holdings, McColl's, SDX Energy, Asiamet Resources, Oxford Biodynamics, Ted Baker, Ashtead, Computacenter, Zinc Media, SDX Resources and Erris Resources
Computacenter says digitalisation compensating for challenging economic conditions
The FTSE 250-listed computer services provider said in a trading update that its outlook remains in line with expectations
Computacenter profits dip as UK struggles but remains upbeat
Elsewhere, the picture was brighter with good performances in France and Germany
FTSE 100 closes lower as Wall Street plunges following Trump tweets on China trade
At the close, the UK blue chip index was 33.20 points lower at 7,094.98, the day’s low, having reversed from a session peak of 7,188.59
Builders and building materials
Friday preview: Computacenter interims may provide more detail on outlook
Insulation specialist Kingspan is also expected to report growth in its own first-half numbers
Computacenter upped to ‘buy’ from ‘neutral’ by UBS as valuation looks attractive on FusionStorm cross-selling ramp-up
“We are also optimistic on the sustainability of growth in supply chain as the FusionStorm acquisition brings new relationships with high-growth cloud providers, " the Swiss bank's analysts said
Computacenter on course to meet full year guidance after first quarter beats expectations
Computacenter said: "Slightly more challenging economic conditions throughout our major markets do not seem to be deterring our customers from investing in technology"
Computacenter rises as revenues top £4bn in 2018
For the year ended 31 December 2018, the IT supplier reported a 14.7% jump in revenue to £4.35bn, while its adjusted pre-tax profit rose 11.3% to £118.2mln
FTSE 100 edges higher ahead of big Brexit vote
"It’s over. The deal and perhaps May’s premiership. The DUP & the ERG & Cox have seen to that. What’s extraordinary is that no-one knows what happens next," tweeted the BBC's Nick Robinson
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If Theresa's May's plan is voted down again, the Brexit can might be kicked further down the road
Tuesday will also bring the latest UK GDP growth data, a day ahead of the Chancellor's Spring Statement, as well as results from Domino's Pizza, G4S, and Cairn Energy
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Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
Computacenter names Peter Ryan as its non-executive chairman to succeed Greg Lock who is retiring
The FTSE 250-listed group said Ryan, who joined its board in February 2018 as an independent non-executive director, has been appointed following a thorough selection process
Computacenter jumps as IT firm says "materially outperformed" its expectations for 2018
The FTSE 250-listed group said, excluding revenues from acquisitions made during the year, overall full-year group revenue grew by 8% and was up by 7% in constant currency
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FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
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Blue-chip heavy into hump day as Burberry and Antofagasta report
Updates will be coming thick and fast from both the FTSE 100 and FTSE 250 on Wednesday
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Computacenter third-quarter group revenue falls 3%, holds to 2018 outlook
"Our expectation for the fourth quarter is for improved growth before acquisitions but not to the levels seen in the first half of the year," Computacenter said in an update
Computacenter shares gain as UBS upgrades stock after FusionStorm acquisition
UBS raised its rating on the stock to ‘neutral’ from ‘sell’ and raised its target price to 1,285p from 1,255p
Hardware & electrical equipment
Computacenter still experiencing buoyant market conditions
Much of the good stuff in the interims was revealed in last month's trading update. Year-on-year comparatives get harder in the second half of 2018
FTSE 100 dragged higher by Antofagasta and the miners; US stocks off to a hot start
“If the strong growth in income and jobs continues, further gradual increases in the target range for the federal funds rate will likely be appropriate,” Fed chair Jerome Powell said in prepared remarks
Investments and investor services
Kingspan expected to show positive sales growth
Its set to be a predictably quiet day, for scheduled news at the very least.
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World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
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Mindless Momentum strategy working a treat for blue-chips
It is time to check in on how the three "momentum" virtual portfolios are doing and spruce them up a bit, starting with the portfolio featuring companies with a market cap of more than £1bn
Hardware & electrical equipment
Computacenter raises guidance as supply chain business continues to excel
Following a strong start to the year, the IT firm has seen continued momentum in the second quarter within the supply chain business across all geographies - especially in Germany
Computacenter downgraded by Barclays on valuation grounds following strong share performance
Analysts said the FTSE 250 computer services company had seen good share price growth following a strong first quarter but were cautious on flat growth in its services arm
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Markets
Hardware & electrical equipment
Computacenter's valuation now looking "frothy", according to UBS
UBS has been crunching the numbers and based on historical measures, the IT infrastructure specialist is overpriced
Malvern International shares jump as it expects to turn a profit in 2018
A look at some of the biggest risers and fallers in London on Friday
Computacenter supply chain drives “better than expected” performance in the first quarter
The FTSE 250-IT infrastructure provider said revenue in constant currency for the first quarter increased 21%, while its supply chain revenue grew 31%
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RBS first quarter results to be overshadowed by impending US mortgage mis-selling fine
Litigation and conduct costs have held back RBS from resuming dividend payments and returning to private ownership
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Lloyds, Barclays, RBS, GSK and Shire kick off earnings season for banks and pharmas
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
Computacenter shares drop as it reveals financial results
“The growth rates we recorded in 2017 meant we achieved record group revenues, adjusted profit before tax and adjusted diluted EPS, and set ourselves a high bar to outperform in 2018."
FTSE 100 closes firmly lower as traders get jumpy about US politics
FTSE 100 finished almost 76 points lower at 7,138, while the FTSE 250 lost over 254 points at 19,863.
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Philip Hammond's first-ever UK Spring Statement to show austerity still very much alive
The day ahead includes the first-ever UK Spring Statement from Chancellor Philip Hammond, plus full-year results from Antogasta, Cairn Energy, and Fevertree Drinks
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Chancellor's Spring Statement unlikely to include big spending plans, says think-tank
The week ahead includes the UK's budget statement and earnings from Morrisons, Prudential, Cairn Energy, Cineworld, Savills, Wetherspoons, Balfour Beatty and Fevertree
Computacenter upgrades 2017 expectations again but warns of one-off costs for 2018
Although it raises revenue expectations for the year just gone the IT infrastructure specialist said profitability this year would be constrained by planned one-off investments in the business
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Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
Computacenter shares soar as it lifts full year guidance after strong first half performance
Computacenter has seen a rebound in the performance of its UK division
FTSE 100 finishes in debit as Fed chair Janet Yellen stays mum on policy direction
The FTSE dipped 6 points to 7,401 points after Janet Yellen left monetary policy out of her Jackson Hole speech