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Team Internet Share News (TIG)
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Team Internet Information
Share Price Information for Team Internet (TIG)
Share Price is delayed by 15 minutes
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Share Price:
179.80
Bid:
180.00
Ask:
181.40
Change:
-6.80 (-3.64%)
Spread:
1.40 (0.778%)
Open:
185.00
High:
187.80
Low:
179.80
Prev. Close:
186.60
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Don't have an account? Click here to register.Innovation Group says contract complications will impact full-year results
Wed, 01st Apr 2015 14:38
Innovation Group's shares sank on Wednesday after the company admitted its full-year results will be impacted by slippage in a number of software contracts.However, it expects its profits to be in line with market forecasts.The software provider said a decline in contract prices and weather conditions impacting claims volumes in its UK property business will "largely" offset the positive impact in profits expected from the sale of its stake in a joint venture with Symbility.The divestment to Symbility Solutions netted it £4m, but the group will continue to use the software for the next five years as part of its property service offerings.Chief executive Andy Roberts said: "When Symbility first approached us to terminate our VAR relationship, we were very keen to see if we could realign the relationship towards our strategy as a service provider."This deal allows us to do just that whilst at the same time be fully reimbursed for the future value of the client contracts that we have previously secured: a true win-win approach for us, Symbility and our mutual clients."The company also announced it had bagged a new contract with a European motor brand. The contract, worth £3.6m, was won via a competitive tender and is expected to be the first of a number of software contracts Innovation Group hopes to win over the coming quarter.Investec analysts maintained their 'buy' recommendation thanks to "gearing potential as sotfware contracts close" and strong basic points.Shares in Innovation Group fell 20.13% to 22.56p on Wednesday at 14:50.
More News
27 Nov 2013 09:14
Wednesday broker round-up UPDATE
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read more22 Oct 2013 10:44
STOCKS NEWS EUROPE-UK small caps rise to fresh all-time high
UK small caps rise 0.2 percent to a new all-time peak, while junior-listed AIM shares steady at highs not seen for 19 months. Mid-cap stocks fall 0.3 percent while blue chips rise by the same amount. Shares in Innovation Group rise 1.6 percent to 31 pence in volume four times their three-mo
Read more2 Oct 2013 08:02
Wednesday broker round-up UPDATE
Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc
Read more1 Oct 2013 11:13
STOCKS NEWS EUROPE-UK small caps up 0.2 pct at mid-session
UK small caps are up 0.2 percent at mid-session, while junior-listed AIM shares fall 0.5 percent. Innovation Group rises 2.6 percent to 30.13 pence after announcing that it has won a contract to handle all residential subsidence claims from October for one of the UK's largest insurers, brin
Read more1 Oct 2013 10:59
Innovation Group wins outsourcing contract from major insurer
One of the UK's largest insurers has outsourced a portion of its claims handling function to The Innovation Group (TIG) for the next seven years. Innovation Group said the contract to handle the insurer's residential home subsidence claims was worth around £75m net revenue over the course of the n
Read more1 Oct 2013 09:35
Tuesday broker round-up UPDATE
African Minerals: Credit Suisse reduces target price from 350p to 280p and downgrades to neutral. British Land: Societe Generale cuts target price from 670p to 620p and downgrades to hold. Derwent London: Societe Generale reduces target price from 2610p to 2470p downgrading to hold. Faroe Petrole
Read more9 Jul 2013 07:53
Tuesday broker round-up UPDATE
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read more5 Jul 2013 10:31
STOCKS NEWS EUROPE-UK small caps up 0.3 pct at midday
UK small caps climb 0.3 percent and junior-listed AIM shares rise 0.2 percent, lagging a 0.5 percent gain by the mid-caps and the blue chips. Mcbrie, the provider of private label household and personal care products, rises 1 percent after an in-line trading update, in which expects to rep
Read more22 May 2013 09:37
Wednesday broker round-up UPDATE
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
Read more