Maintel looking good
Maintel, a telecoms and data services company, has reported that trading profits for the year to December 31st are expected to be moderately ahead of market expectations.
Maintel, a telecoms and data services company, has reported that trading profits for the year to December 31st are expected to be moderately ahead of market expectations.
The group has achieved robust levels of growth during the period and has seen improved profitability in its Maintenance and Network Services divisions, as well as an encouraging initial contribution from Totility.
"In addition, we have seen a solid start to 2012, with healthy new order pipelines across the group. Furthermore, the integration of Totility is progressing well and initial cross selling is proving successful," the firm said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Notwithstanding the broader macroeconomic environment, we are confident in our financial outlook for the year ahead."
The share price rose 7.8% to 380p by 16:49.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves told scrapping pension salary sacrifice would cost average earner £377 a yearMPs – including chancellor Rachel Reeves – have received a letter warning of the dangers in reducing or removing salary sacrifice schemes for pension contributions, a plan under consideration by HMRC.
-
Equity release jumps 4% amid growing inheritance tax concerns and sticky inflationThe amount of money withdrawn by equity release has increased, but the total number of plans has fallen
