| For the record 19 July
Colt records another profitable quarter | 3V launches mobile top-up service There was a rash of financial results on Thursday, with Citrix, Colt and Iona all releasing quarterly figures. Citrix announced year-on-year quarterly revenue growth of 21 percent, and product licence growth of 16 percent in the second quarter of 2007. Revenue for the quarter reached USD334 million, a 21 percent improvement on USD275 million a year earlier. Revenue from licence updates grew 18 percent, while online services accounted for USD52 million of revenue -- a 47 percent rise. Technical services revenue, which includes consulting, education and technical support, rose 22 percent. Meanwhile, Colt registered its fourth consecutive quarter in profit. Although revenue at the telecoms group slipped 8.8 percent to USD410 million, profit before taxation did a U-turn from a EUR9 million loss a year earlier to a profit of EUR8.9 million.
(AFX UK Focus) 2007-07-24 09:30 GMT: TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST
2007-07-24 09:00:04 Japan's JVC, Kenwood to form capital, business alliance TOKYO (Thomson Financial) - Struggling maker of consumer electronics Victor Co of Japan Ltd (JVC), car electronics maker Kenwood Corp and the biggest shareholder in Kenwood, Sparx Group Co Ltd, agreed Tuesday to form a comprehensive capital and business alliance. 2007-07-24 08:50:19 BROKERWATCH Deutsche Boerse reiterated as 'overweight' by Morgan Stanley FRANKFURT (Thomson Financial) - Morgan Stanley reiterated its 'overweight' rating on Deutsche Boerse AG while maintaining its target price at 107 eur per share as it included the German stock operator in its best financials feature. 2007-07-24 08:27:48 BROKERWATCH AWD Holding raised to 'overweight' from 'neutral' at JP Morgan FRANKFURT (Thomson Financial) - JP Morgan upgraded its stance on AWD Holding AG to 'overweight' from 'neutral' while slightly lowering its price target to 14.40 eur per share from 15.20, according to a trader.
IT Services Consolidation Shows No Sign of Slowing in Q2
The number of mergers and acquisitions in the IT services space during the second quarter of 2007 was up by 23% on the same period of the previous year, as the rate of consolidation showed no sign of slowing. In the three months to the end of June, ComputerWire tracked a total of 102 M&As involving IT services vendors, up from 83 in the second quarter of 2006. In total, the first half of 2007 has seen a massive 192 deals announced, up 19% on the first six months of last year. The two biggest deals of the quarter both involved private equity firms buying credit card processing companies. In April, First Data agreed to a buyout by Kohlberg Kravis Roberts valued at $29bn. Then, one month later, Alliance Data Systems was acquired by Blackstone Group in a $7.8bn agreement, representing roughly a 30% premium on Alliance's share price.
Gyms deliver strong profits
PUMPING iron is driving bulging profits as gyms around the country grow strong on the back of a growing fascination with fitness. But as consolidation brings more big business to the sector it is the punters who pay but don't turn up who provide the extra cream on the industry's profits. Dreamworld owner Macquarie Leisure is the latest big player to muscle in on the gym industry, this week paying $60 million for the predominantly Queensland-based Goodlife Healthclub business. It is the second most profitable player in Australia, with world leader Fitness First dominating. That company, owned by European private equity group BC Partners, now controls 70 gyms across Australia and has more than 500 gyms across 15 countries. Macquarie Leisure chief executive officer Greg Shaw says there's plenty of room for growth and expansion would be ideally suited to some of the company's existing AMF bowling sites around the country.
Publicis Groupe: Results for the First Half of 2007
Maurice Lvy, Chairman and CEO, presented the first half 2007 financial statements and management report to the Supervisory Board, chaired by Mrs Elisabeth Badinter, at its meeting on Tuesday, July 24, 2007. Organic growth in the second quarter and for the first half as a whole, does not reflect what Publicis Groupe (Nachrichten/Aktienkurs) has regularly achieved nor its potential. In contrast to this modest organic growth, however, all other indicators again showed improvement: new business, margin, free cash flow and level of debt. This clearly illustrates the capabilities and the potential of Publicis Groupe. Organic growth is the most frequently watched indicator, although it sometimes tends to mask the weaknesses or strengths of a company.
Zoya Professional Nail Lacquer Presents 2 New Collections, Uptown and Downtown, for 1 Gorgeous Fall
Zoya professional nail lacquer presents two new collections for Fall 2007 - Uptown and Downtown. Make a style statement: choose Uptown containing 6 updated, stylish berries or Downtown with it's 6 urban, electric shades, including this years hot hues, gunmetal gray (Freja) and eggplant (Lael). All in the world's best selling, healthy, natural nail Zoya formula. Cleveland, OH (PRWEB) August 8, 2007 -- Zoya professional nail lacquer presents two new collections for Fall 2007 - Uptown and Downtown. Make a style statement: choose Uptown containing 6 updated, stylish berries or Downtown with it's 6 urban, electric shades, including this years hot hues, gunmetal gray (Freja) and eggplant (Lael). All in the world's best selling, healthy, natural nail Zoya formula. "Whatever the fashion vibe this Fall, Zoya has the healthy color nail look to suit it with it's new Uptown and Downtown collections".
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