News Results for Redcentric (RCN)
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24 Nov
06:13Director Deals - Redcentric PLC (RCN)Peter Brotherton, Financial Director, exercised 28,571 shares in the company on the 20th November 2020 at a price of £0.63. The Director now holds 133,571 shares. Story provided by...
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12 Nov
09:49Redcentric board ends formal sale process amid revenue, earnings increaseThe board of IT services company Redcentric has terminated its sale process for the company after no offers materialised. The company began exploring opportunities for a sale in September, but...
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15 Oct
09:00Redcentric cuts debt in H1 following restructuringIT services provider Redcentric has paid down debt and expects to report trading 'slightly ahead' of expectations, it said this morning. The company reported that its net debt position at the end...
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02 Sep
17:20FTSE holds gains on US stimulus hopes and vaccine newsUK stocks held onto their gains throughout Wednesday with investors buoyed by hopes of a coronavirus vaccine this year and a new US stimulus plan. Health secretary Matt Hancock told the House of...
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02 Sep
08:44UK stocks open 1.4% higher as Barratt Developments, Computacenter pleaseUK stocks surged in early trading on Wednesday, paring Tuesday's steep losses, after home builder Barratt Developments and IT services group Computacenter released pleasing earnings updates. At...
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02 Sep
07:32Redcentric launches sales process; in talks with potential acquirersIT services provider Redcentric said it had initiated 'limited' discussions with potential acquirers of the company. Redcentric confirmed that it was in talks with Macquarie Principal Finance, UK...
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21 Jul
09:38Redcentric ups dividend despite losses widening on FCA settlementIT managed services group Redcentric booked a deeper first-half loss, owing to falling sales and costs associated with a regulatory probe into misleading market statements. The company, however,...
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21 Jul
08:40Broker Forecast - finnCap issues a broker note on Redcentric PLCfinnCap today reaffirms its corporate investment rating on Redcentric PLC (LON:RCN) and raised its price target to 170p (from 160p). Story provided by StockMarketWire.com Broker Forecasts data...
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26 Jun
09:29Redcentric scraps dividend, raises capital after being hit with £11.4m mishap costIT services provider Redcentric scrapped its dividend and said it would raise capital to fund restitution costs of £11.4m related to accounting mistakes. The costs were part of a settlement agreed...
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19 Jun
13:54Redcentric delays results release until 21 JulyIT services provider Redcentric said the release of its results for the year through March would be delayed until 21 July. 'The current audit is taking longer than originally expected due to the...
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09 Jun
09:28Redcentric extends bank facilities until mid-2022IT services provider Redcentric said it had extended its bank funding facilities until 30 June 2022. The extended facilities comprised a £17.5m revolving credit facility, with a £20m accordion,...
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03 Apr
07:27Redcentric halts share buyback; unlikely to pay final dividendIT services provider Redcentric said it was unlikely to pay a final dividend and had halted its share buyback programme until the Covid-19 situation became clearer. The company said its trading...
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28 Nov
10:11Redcentric half-year revenue 9% lower despite adding new customersIT managed services provider Redcentric reported total revenue was down 9% to £43.2m in its half-year results for the six months to end of September 2019. The company said there was 'good future...
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09 Oct
07:24Redcentric trading in line, reduces net debtIT services provider Redcentric said trading in the first half of its financial year had been in line its expectations. In a short trading update for the six months through September, the company...
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30 Sep
09:00Director Deals - Redcentric PLC (RCN)Peter Brotherton, Chief Executive Officer, exercised 161,905 shares in the company on the 26th September 2019 at a price of 0.00p. The Director now holds 181,905 shares. Story provided by...
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30 Sep
09:00Director Deals - Redcentric PLC (RCN)Peter Brotherton, Chief Executive Officer, sold post-exercise 76,905 shares in the company on the 26th September 2019 at a price of 85.00p. The Director now holds 105,000 shares. Story provided...
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30 Aug
16:50Director Deals - Redcentric PLC (RCN)Jon Kempster, Non Executive Director, bought 10,249 shares in the company on the 28th August 2019 at a price of 77.40p. The Director now holds 10,249 shares. Story provided by...
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20 Aug
13:41Redcentric chairman Chris Cole to stand downIT services provider Redcentric said chairman Chris Cole had notified the boar of his intention to stand down once a suitable successor had been found. The company said it would now commence a...
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25 Jun
08:25Redcentric books annual loss as sales slipIT managed services provider Redcentric booked a deeper annual loss as its sales slipped. Pre-tax losses for the year through March amounted to £1.4m, compared to losses of £0.5m on-year. Revenue...
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28 May
09:56Redcentric appoints Dean Barber as CFORedcentric said it had appointed Dean Barber as its chief financial officer. Barber had been financial controller at EMIS Group since April 2013. The company also announced that Peter Brotherton...
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15 Apr
07:47Redcentric says annual results in line with expectationsIT managed services provider Redcentric said its trading results for the year through March were in line with its expectations. Net debt at 31 March was £17.6m, which the company said was ahead of...
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28 Jun
09:40Broker Forecast - Numis issues a broker note on Redcentric PLCNumis today upgrades its investment rating on Redcentric PLC (LON:RCN) to buy (from add). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
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11 Jun
10:20Broker Forecast - Numis issues a broker note on Redcentric PLCNumis today downgrades its investment rating on Redcentric PLC (LON:RCN) to add (from buy) and cut its price target to 108p (from 120p). Story provided by StockMarketWire.com Broker Forecasts...
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26 Apr
15:40Broker Forecast - Numis issues a broker note on Redcentric PLCNumis today upgrades its investment rating on Redcentric PLC (LON:RCN) to buy (from hold) and set its price target at 120p. Story provided by StockMarketWire.com Broker Forecasts data provided by...
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26 Apr
09:07Redcentric awarded public sector framework agreementRedcentric, a UK IT managed services provider, has been confirmed as the preferred supplier for Health and Social Care Network (HSCN) and Public Services Network (PSN) services to the Yorkshire and...
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19 Apr
08:00Redcentric trading in lineRedcentric, a UK IT managed services provider, says trading results for the year ended 31 March 2018 were in line with the board's expectations. Net debt as at 31 March 2018 was £27.7m which was...
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05 Feb
09:44Redcentric director David Payne to retireIT group Redcentric said non-executive director David Payne would retire, effective 31 March. Steve Vaughan would take over as chairman of the remuneration committee, the company said. At...
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29 Nov
11:00Broker Forecast - finnCap issues a broker note on Redcentric PLCfinnCap today reaffirms its corporate investment rating on Redcentric PLC (LON:RCN) and raised its price target to 125p (from 117p). Story provided by StockMarketWire.com
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29 Nov
08:29Redcentric breaks even in first halfRedcentric broke even in the first half, turning around a prior-year loss, despite a slight fall in revenue. Adjusted Ebitda grew by 1.1% following an 0.8% decline in revenue, while the company's...
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20 Oct
08:04New Redcentric CEO arrivesRedcentric said that Christopher Jagusz has joined the company as its new chief executive Jagusz replaces Fraser Fisher, in a move that had already been announced on October 5. At 8:04am:...
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05 Oct
07:47Redcentric appoints new CEORedcentric said it has appointed Chris Jagusz as its new CEO. Jagusz was CEO of Azzurri Communications from September 2014 to August 2016. "During this period he led the transformation of the...
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04 Sep
07:03Redcentric trading in line with expectationsRedcentric said that Chairman Chris Cole will make an announcement at the annual general meeting this morning. The company said he will comment: "The company is trading in line with expectations....
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16 Aug
16:05Director Deals - Redcentric PLC (RCN)Peter Brotherton, Executive Director, bought 20,000 shares in the company on the 16th August 2017 at a price of 79.63p. The Director now holds 20,000 shares. Story provided by...
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15 Aug
11:10Director Deals - Redcentric PLC (RCN)Christopher Cole, Chairman, has re-invested 20,000 shares in the company on the 11th August 2017 at a price of 75.38p. The Director now holds 20,000 shares. Story provided by StockMarketWire.com...
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10 Aug
09:21Redcentric CEO resignsRedcentric's chief executive Fraser Fisher has given notice of his resignation to pursue other business interests. The company is starting the search for a successor and an update will be...
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10 Aug
07:29FLASH: Redcentric CEO to resignStory provided by StockMarketWire.com
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29 Jun
13:10Broker Forecast - Numis issues a broker note on Redcentric PLCNumis today reaffirms its hold investment rating on Redcentric PLC (LON:RCN) and cut its price target to 87p (from 93p). Story provided by StockMarketWire.com
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13 Jun
09:27Redcentric appoints Steve Vaughan as non-exec directorRedcentric has appointed Steve Vaughan to the board as a non-executive director, effective from 13 June 2017. At 9:27am: (LON:RCN) Redcentric PLC share price was -0.12p at 85.38p Story...
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05 May
07:40Redcentric says FY trading in line with its viewsRedcentric said its trading results for the year to March 31 were in line with directors' expectations. "Redcentric experienced good sales momentum in the year with a number of key contract wins...
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05 May
07:08FLASH: Redcentric says FY trading in line with its viewsStory provided by StockMarketWire.com
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20 Mar
07:25Redcentric notes FCA probe on historic reportingRedcentric notes that the Financial Conduct Authority (FCA) has begun an investigation after the historic overstatement of net assets and profits as described in the company's announcements in...
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20 Mar
07:06FLASH: Redcentric notes FCA probe on historic reportingStory provided by StockMarketWire.com
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30 Jan
07:26Redcentric confirms 'significant' NHS contract winRedcentric announces one its most-significant public sector wins to date with the award of the new Peering Exchange contract, which forms the core of the new Health and Social Care Network (HSCN)....
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30 Jan
07:03FLASH: Redcentric confirms 'significant' NHS contract winStory provided by StockMarketWire.com
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13 Jan
16:00Broker Forecast - Numis issues a broker note on Redcentric PLCNumis today reaffirms its hold investment rating on Redcentric PLC (LON:RCN) and set its price target at 93p. Story provided by StockMarketWire.com
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11 Jan
10:40Broker Forecast - finnCap issues a broker note on Redcentric PLCfinnCap today reaffirms its corporate investment rating on Redcentric PLC (LON:RCN) and set its price target at 117p. Story provided by StockMarketWire.com
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10 Jan
09:17Redcentric appoints Jon Kempster as directorRedcentric announces the appointment of Jon Kempster to the Board as Non-Executive Director effective from 10 January 2017. At 9:17am: (LON:RCN) Redcentric PLC share price was +1.88p at 98.13p...
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23 Dec
07:19Redcentric swings to H1 pretax profitRedcentric has swung to an H1 pretax profit of £320,000, from a year-earlier loss of £2.5m. "It has clearly been a very difficult period for the company," said chair Chris Cole in a statement....
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23 Dec
07:06FLASH: Redcentric swints to H1 pretax profitStory provided by StockMarketWire.com
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13 Dec
15:31Redcentric update on probeInitial findings of a forensic review into Redcentric's net assets impairment shows no evidence of theft and the misstatements are attributable to profit overstatement over a number of years...
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23 Nov
07:47Redcentric appoints Peter Brotherton as CFORedcentric has appointed Peter Brotherton as Chief Financial Officer, Company Secretary and a Director of the Board, effective from Monday 28 November 2016. Story provided by StockMarketWire.com
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23 Nov
07:08FLASH: Redcentric appoints Peter Brotherton as CFOStory provided by StockMarketWire.com
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15 Nov
07:08FLASH: Redcentric makes appointments to support forensic reviewStory provided by StockMarketWire.com
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07 Nov
16:55FTSE in positive territory on Clinton leadThe blue-chip index rallied 1.7% to 6,806 as Hillary Clinton gained further support in the race to become US President after being cleared of any criminal wrongdoing by the FBI. HSBC's (HSBA)...
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07 Nov
12:01FTSE 100 higher on Clinton's comebackThe FTSE 100 climbed 1.5% to 6,795 as Hillary Clinton made a last-minute comeback in the race to become US President and HSBC (HSBA) reported a strong set of financial results which also boosted...
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07 Nov
08:56FTSE rises ahead of US election on banks, minersLondon stocks opened higher as global markets prepare for the US election on Nov. 8, with UK sentiment still benefiting from last week's High Court decision relating to prerogative and the country...
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07 Nov
07:17Redcentric probeRedcentric said an internal audit review in relation to its interim results has discovered misstated accounting balances in the group's balance sheet. The Board has commenced a forensic review of...
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07 Nov
07:04FLASH: Redcentric notes misstated accounting balancesStory provided by StockMarketWire.com
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25 Oct
07:35Redcentric updates on board changeRedcentric said non-executive Tony Weaver will step down from the board with effect from Nov. 1. Story provided by StockMarketWire.com
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25 Oct
07:05FLASH: Redcentric updates on board changeStory provided by StockMarketWire.com
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29 Sep
07:24RCN confidentRedcentric said its board remains confident in the outlook for the business and expects to deliver results in line with its expectations for the year. "Through the first half of this year,...
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29 Sep
07:09FLASH: Redcentric sees FY results in line with expectationsStory provided by StockMarketWire.com
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26 Sep
07:20FLASH: Redcentric disposes of certain fibre networksStory provided by StockMarketWire.com
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23 Aug
07:23Redcentric issues 337,500 sharesRedcentric said that on August 22 it received notices of exercise in relation to the exercise of employee share options over 337,500 shares issued under the company's Unapproved Share Option Plan....
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23 Aug
07:05FLASH: Redcentric issues 337,500 sharesStory provided by StockMarketWire.com
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26 Jul
07:20Redcentric sees H1 results in line with director viewsRedcentric said its year has started well, and that it expects to report first half results in line with the board's expectations. Story provided by StockMarketWire.com
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26 Jul
07:03FLASH: Redcentric sees H1 results in line with director viewsStory provided by StockMarketWire.com
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16 Jun
07:37Redcentric's FY pretax profit slips lowerRedcentric's FY pretax profit has slipped to £7.4m, from £7.8m, as revenue firmed to £109.5m, from £94.3m. Total dividend was up 29% to 4.5p a share, from 3.5p. CEO Fraser Fisher said the good...
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16 Jun
07:09FLASH: Redcentric's FY pretax profit slips lowerStory provided by StockMarketWire.com
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23 Feb
09:20Broker Forecast - Peel Hunt issues a broker note on Redcentric PLCPeel Hunt today initiates coverage of Redcentric PLC (LON:RCN) with a buy investment rating and price target of 230p. Story provided by StockMarketWire.com
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29 Jan
07:40Redcentric acquires City LifelineRedcentric is acquiring City Lifeline Limited for a total of GBP4.8m, paid in cash on completion and subject to adjustment for cash, debt and normal working capital. City Lifeline owns and...
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29 Jan
07:12FLASH: Redcentric acquires City LifelineStory provided by StockMarketWire.com
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16 Nov
15:00Redcentric warrants and options exercisedRedcentric has issued 259,127 new ordinary shares following the exercise of 142,376 warrants and the exercise of 116,751 options by employees. At 3:00pm: (LON:RCN) Redcentric PLC share price was...
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09 Nov
07:21RCN's profitRedcentric has booked an H1 pretax profit of GBP1.4m, from GBP 3.9m. Revenue was GBP53.9m, from GBP46.8m. Interim dividend was up 50% to 1.5p a share, from 1p. It continues to trade in line and...
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09 Nov
07:14FLASH: Redcentric's H1 pretax profit more than halvedStory provided by StockMarketWire.com
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30 Sep
07:36Redcentric trading in line with market viewsRedcentric said the strong start to trading noted earlier in the year has continued through H1, with some significant new contracts augmenting the high levels of recurring revenues, which are in...
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30 Sep
07:02FLASH: Redcentric trading in line with market viewsStory provided by StockMarketWire.com
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21 Sep
15:42Redcentric warrants exercisedRedcentric has issued 649,662 ordinary shares following the exercise of warrants. The warrants were issued to certain placees at the time of the company's acquisition of InTechnology Managed...
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07 Sep
15:11Redcentric appoints NomadRedcentric has appointed Numis Securities as the company's nominated adviser and joint broker with immediate effect. finnCap Ltd remains joint broker. At 3:11pm: (LON:RCN) Redcentric PLC share...
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01 Sep
14:09Redcentric on trackRedcentric is trading well and in line with expectations, chairman Chris Cole told the annual general meeting today. He also said the integration of Calyx Managed Services is proceeding to plan....
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01 Sep
10:47Redcentric passes AGM resolutionsRedcentric has announced that all resolutions put to shareholders at the Company's Annual General Meeting held today were passed. At 10:47am: (LON:RCN) Redcentric PLC share price was +0.5p at...
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29 Jun
07:38Redcentric wins £3.5m-plus contractRedcentric has won a major new two-year contract with the Health and Social Care Information Centre (HSCIC) worth in excess of £3.5 million. Story provided by StockMarketWire.com
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29 Jun
07:02FLASH: Redcentric win £3.5m-plus contractStory provided by StockMarketWire.com
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15 Jun
07:43Redcentric swings to FY pretax profitRedcentric has swung to a FY pretax profit of £7.8m, from a year-ago loss of £2.6m. Revenue was £94.3m, from £58.3m. It proposed a final dividend of 2.5p a share, taking the total to 3.5p....
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15 Jun
07:05FLASH: Redcentric swings to FY pretax profitStory provided by StockMarketWire.com
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08 Apr
15:06Redcentric upgraded by N+1Equity research analysts at N+1 Singer have upgraded their recommendation on information technology solutions provider Redcentric (LON:RCN) to 'buy' from 'hold' after revising its forecasts...
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02 Apr
07:49Redcentric acquires Calyx from MXC Capital for £12mRedcentric has conditionally acquired Calyx Managed Services Ltd from MXC Capital for a total of £12m, payable in cash on completion. Completion is expected to occur on or around 13 April 2015....
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02 Apr
07:18FLASH: Redcentric acquires Calyx Managed Services for £12mStory provided by StockMarketWire.com
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16 Mar
07:44Redcentric sees FY revenue, EBITDA in lineRedcentric said revenue and EBITDA for the year are expected to be comfortably in line with market expectations. H2 trading has continued the pattern reported in H1, with good performance across...
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16 Mar
07:09FLASH: Redcentric sees FY revenue, EBITDA in lineStory provided by StockMarketWire.com
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07 Jan
15:18Redcentric warrants exercisedRedcentric has issued 142,377 new ordinary shares following the exercise of warrants. The warrants were issued to certain placees at the time of the company's acquisition of InTechnology Managed...
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18 Dec
07:51Redcentric says Brainloop chooses its cloud serviceBrainloop has chosen Redcentric's Platform as a Service (PaaS) to underpin its portfolio of simple, secure, collaboration tools in the UK. The PaaS will support Brainloop's UK customers in...
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18 Dec
07:09FLASH: Redcentric says Brainloop chooses its cloud serviceStory provided by StockMarketWire.com
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10 Dec
13:57Redcentric appoints adviserRedcentric, a leading UK IT managed services provider, has appointed finnCap as nominated adviser and sole broker with immediate effect. At 1:57pm: (LON:RCN) Redcentric PLC share price was...
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17 Nov
07:49Redcentric hikes H1 pretax profit, appoints directorRedcentric has booked an H1 pretax profit of £3.9m, up from £0.8m a year earlier. Revenue was £46.8m, from £21.0m. It proposed an interim dividend of 1p a share, from nil. CEO Tony Weaver said...
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17 Nov
07:07FLASH: Redcentric hikes H1 pretax profit, appoints directorStory provided by StockMarketWire.com
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29 Sep
07:48Redcentric says performing in line, cash generation improvesRedcentric said the business continues to perform well and consistently in line with expectations, with improved levels of order intake driving strong organic revenue growth. With integration...
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29 Sep
07:04FLASH: Redcentric says performing in line, cash generation improvesStory provided by StockMarketWire.com
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27 Aug
14:36Redcentric CFO granted 1m optionsRedcentric has granted options over 1,100,000 ordinary shares to chief financial officer Tim Coleman. The options have an exercise price of 112p and are subject to performance conditions. The...
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21 Aug
07:09FLASH: Redcentric names Christopher Cole as chairmanStory provided by StockMarketWire.com