21-Jul-2020 09:38 AM
IT 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, upped its annual dividend, amid an improvement in sales dur
21-Jul-2020 08:40 AM
finnCap today reaffirms its corporate investment rating on Redcentric PLC (LON:RCN) and raised its price target to 170p (from 160p).
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26-Jun-2020 09:29 AM
IT 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 with the UK's Financial Conduct Authority, whi
03-Apr-2020 07:27 AM
IT 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 performance for the year through March was expected to be in
28-Nov-2019 10:11 AM
IT 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 visibility', with £38.8m recurring re
09-Oct-2019 07:24 AM
IT 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 said it remained focussed on its new and existing customer
25-Jun-2019 08:25 AM
IT 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 fell 6.7% to £93.3m.
The company decla
15-Apr-2019 07:47 AM
IT 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 epxctations and a reduction of £10.1m on-year
28-Jun-2018 09:40 AM
Numis today upgrades its investment rating on Redcentric PLC (LON:RCN) to buy (from add).
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11-Jun-2018 10:20 AM
Numis today downgrades its investment rating on Redcentric PLC (LON:RCN) to add (from buy) and cut its price target to 108p (from 120p).
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26-Apr-2018 03:40 PM
Numis today upgrades its investment rating on Redcentric PLC (LON:RCN) to buy (from hold) and set its price target at 120p.
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26-Apr-2018 09:07 AM
Redcentric, 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 Humber region.
The arrangement will connect public secto
19-Apr-2018 08:00 AM
Redcentric, 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 better than the board's expectations. This
29-Nov-2017 11:00 AM
finnCap today reaffirms its corporate investment rating on Redcentric PLC (LON:RCN) and raised its price target to 125p (from 117p).
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29-Nov-2017 08:29 AM
Redcentric 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 gross margin expanded by 160 basis points to 59.4%.
04-Sep-2017 07:03 AM
Redcentric 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. We remain focused on delivering our strategy and prov
10-Aug-2017 09:21 AM
Redcentric'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 announced in due course.
Fisher will continue in his role
29-Jun-2017 01:10 PM
Numis today reaffirms its hold investment rating on Redcentric PLC (LON:RCN) and cut its price target to 87p (from 93p).
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13-Jun-2017 09:27 AM
Redcentric 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
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11-Jan-2017 10:40 AM
finnCap today reaffirms its corporate investment rating on Redcentric PLC (LON:RCN) and set its price target at 117p.
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10-Jan-2017 09:17 AM
Redcentric 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-2016 07:19 AM
Redcentric 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.
"A great deal of work has been
13-Dec-2016 03:31 PM
Initial 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 with revenues being overstated and costs understated in
23-Nov-2016 07:47 AM
Redcentric has appointed Peter Brotherton as Chief Financial Officer, Company Secretary and a Director of the Board, effective from Monday 28 November 2016.
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25-Oct-2016 07:35 AM
Redcentric said non-executive Tony Weaver will step down from the board with effect from Nov. 1.
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