Computacenter profits dip as UK struggles but remains upbeat
Elsewhere, the picture was brighter with good performances in France and Germany
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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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
Archive
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
Archive
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
Archive
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