Hardware & electrical equipment
Softcat financials reveal strong growth as simple strategy is “well-executed”
The FTSE 250-listed firm said revenue rose by 24.4% from the previous year to £991.8mln, while gross profit amounted to £211.1mln, up 20.5%
Company
Softcat PLC
LON:SCT
Softcat PLC, located in Marlow, the United Kingdom, is a provider of software licensing, hardware, security and related IT services.
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FTSE 100 index closes higher midweek as traders push pause on Brexit and trade fears
Britain's blue-chip index finished up 49.77 points at 7,262.26 on Wednesday
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Softcat to purr on Wednesday after four profit upgrades
The mid-cap software firm is hoping to achieve its tenth consecutive year of profit growth
Hardware & electrical equipment
Softcat purrs as it lifts annual profit guidance for fourth time this year
Softcat has enjoyed a strong final quarter, which is typically when it makes most of its money
Bunzl names Galliford Try's chairman Peter Ventress as chairman designate
"With many years of relevant commercial and board experience, I am confident that he will successfully lead Bunzl," said Philip Rogerson, who is due to vacate the chair of Bunzl in April 2020.
Hardware & electrical equipment
Softcat purrs over strong trading performance
IT reseller has now upgraded expectations three times during its fiscal year
Investments and investor services
FTSE 100 closes in the red as trade tensions and Brexit confusion rumble on
The UK index of leading shares closed down nearly 38 points at 7,310
Hardware & electrical equipment
Softcat surges as strong first half leads to upgraded full year forecasts
The FTSE 250 IT group said its full year was now expected to be “marginally ahead” of previous expectations after profits jumped by around £10mln in the first six months
Investments and investor services
Maestrano pulls out of its tailspin after show of support from the chairman
A look at the day's major movers, including Tern, Mears, Elecosoft, Polypipe, Softcat and NAHL
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FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
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Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
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Greggs shares are on a roll thanks to Piers Morgan and vegans
A look at some of the day's major stock market movers on Wednesday.
Hardware & electrical equipment
IT specialist Softcat “materially ahead” of expectations after stellar December
The bullish outlook is a complete contrast to its predictions in October when Softcat cautioned that “exceptional market conditions” would make it difficult to keep up the pace of growth
Hardware & electrical equipment
Softcat reports year-on-year growth across the board in first quarter
The FTSE 250 IT infrastructure firm said demand had remained strong across all segments during the period, with growth in revenues, gross profit, and operating profit
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Mid-week brings déjà vu with post-update Findel results and second reading of US GDP
Findel's October update will have most likely covered any surprises in its interims, while the US's third-quarter GDP could move from the previous reading of 3.5%
Hardware & electrical equipment
Softcat strikes a cautious note on growth
"Revenue growth was 30% and operating profit was up on the prior year by 36%, driven by successful execution of our simple strategy but also supported by exceptionally good market conditions," said the CEO, Graeme Watt
FTSE 100 closes in the red as May set to address EU27
The FTSE 100 falls 35 points to 7,025, while Dow falls more than 300 points
Investments and investor services
Barratt Developments is the next homebuilder in the City schedule
Barratt is to follow Tuesday's update from Bellway.
Housebuilders in focus as Barratt Developments and Bellway update on trading
The week ahead includes full year results from Bellway and ASOS, interims from Gear4Music and trading updates from Barratt Developments, Segro, Unilever, Domino's Pizza and Rentokil
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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