colt telecom shares
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mmO2 revenues boom as landline telcos disappoint
News Mobile operator mmO2 surprised the City by reporting booming customer figures and revenues, while alternative telcos Colt Telecom and Cable & Wireless revealed losses and falling sales figures in their quarterly results.mmO2 signed up 600,000 new... [21 Jul 2004]
Colt shares dive as it warns of profit stagnation
News Colt Telecom shares went into freefall this morning after the company warned that it would fail to meet its profit targets this quarter or even this year. Mike Cansfield, analyst at Ovum, commented: "Colt has been a star performer in the sector... [01 Jul 2004]
FTSE 100 hits new lows
News Colt Telecom was the exception after announcing a rise in revenues. Just after 09:00(BST) this morning, the UK's index of leading shares was down 3.6 per cent at 3,721.2. There was no let-up this morning for blue chip share values which took a... [24 Jul 2002]
Telecom companies take a tumble
News Cable & Wireless, Colt Telecom, mmo2 and Vodafone all fell after BellSouth said it would cut 2002 earnings per share and Ciena warned it would miss second quarter revenue forecasts. By 10:05 (GMT) Vodafone was down 2.85 per cent, Cable &... [22 Feb 2002]
Colt fully funded after £494m swoop
News Fidelity Investments has upped its stake in Colt Telecom to 54 per cent following the telco's latest share issue. John Doherty, the company's director of investor relations, said: "The net figure of £400m will insure that Colt Telecom is now fully... [10 Dec 2001]
Regus to outsource IT department
News Cedar, Colt Telecom and Compaq have won the £25m a year contract. Regus shares jumped 15 per cent this afternoon following news that the office management company is to cut costs by outsourcing its IT department. [03 Dec 2001]
Colt is a bit pony
News Colt Telecom saw its shares fall 20 per cent yesterday following a profit warning and poor third quarter results. Despite reporting a ninth consecutive quarter of growth, Colt missed profit targets by £1m and saw analysts cut predictions for future... [23 Oct 2001]
Market round-up: Energis has the power
News Colt Telecom and Kingston Communications were also up on the back of Energis. Colt rose 11.05 per cent to 108p and Kingston was up 6.04 per cent to 79p. Shares in telecoms firm Energis continued their upbeat performance this morning in a climb that... [09 Oct 2001]
Colt shares soar on new stock announcement
News Shares in Colt Telecom shot up over 43 per cent after the broadband provider said it is to sell £400m in new stock to finance the completion of its high-speed network. Colt's market valuation is set to increase to £1.35bn after it offers investors... [03 Oct 2001]
Tech players face FTSE relegation
Comment Colt, Marconi and Telewest are biding their time in the headline 100 index. By May 2001 there were 90 IT stocks on the index, with telecom and media shares remaining stable. In December 1999, when it first made an appearance on the FTSE 250, shares... [10 Sep 2001]
Colt bond buy back slashes debt
News Troubled broadband communications provider, Colt Telecom saw its shares rise yesterday after it bought back £115m of its own bonds. John Doherty, Colt's director of investor relations told the Financial Times: "The rationale is that the bonds were... [04 Sep 2001]
Stockwatch Daily: UK telcos trip in early trading
News The gloom spread to other companies in the sector; notably Cable and Wireless which was off almost three per cent and Colt Telecom which dipped 4.8 per cent. The company is fighting to keep its head above water and has said it hopes to raise as... [26 Jun 2001]
Stockwatch Daily: US gains lead the way
News However, telecoms shares were depressed, with Vodafone, BT and Colt Telecom all feeling the pinch. Tech stocks opened strongly this morning after large rises on the Nasdaq exchange overnight. However, the good performance was not enough to boost... [06 Jun 2001]
Good results trigger Colt to gun for extra funds
News However, Colt predicts that its current funding of £1.5bn will last only until summer next year and extra cash is needed to carry it through to cash flow break-even in 2004. Colt saw a year-on-year network expansion from 2,075 km to 3,442 km. [11 May 2001]
Tech stocks tumble but Vodafone stocks up
News Leading the fall in UK markets were IT services firm Logica, down over four per cent to open at 938p, and Colt Telecom, down 6.49 per cent to 970p shortly after opening. Vodafone was up 1.45 per cent to open at 190.50p. [04 May 2001]
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