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Tue, 14th Feb 2017 07:36
(ShareCast News) - The FTSE 100 closed in the red on Thursday following a batch of downbeat economic data. UK services activity declined much more than expected in February as economic growth slowed to its weakest for almost three years, according to Markit/CIPS data. The Markit/CIPS services purch
Read more(ShareCast News) - Satellite communications provider Inmarsat posted a drop in full year profit amid weak global government spending. In the year to the end of December, pre-tax profit slid 17.3% to $282m (£200m) on flat revenues of $1.27bn. Total revenue from government, meanwhile, was down 10.4%
Read more(ShareCast News) - Despite strong growth forecasts, Barclays has downgraded Inmarsat from 'equal weight' to 'underweight', but raised its target price from 740p to 1,000p. The bank said while it had forecast a five-year revenue compound annual growth rate of 8% and earnings per share growth of 6%, i
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