Ups and downs again in the financial markets, with both the FTSE 100 and the AIM All Share closing the week at close to where they opened, at 5,530 and 725 respectively. Italy has continued to face questions and experience much pressure from the debt crisis, with the cost of borrowing now at the 7 per cent level. This week has seen the announcement that the Eurozone has grown at a sluggish 0.2 per cent between July and September and also that UK inflation has fallen to 5 per cent in October, down from 5.2 per cent in September, though continuing at well above the 2 per cent target of the BoE. Looking at the week ahead, the BoE’s quarterly inflation report will be released, together with unemployment and average earnings data.
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ASW Advanced Profits, ALN Revised Offer, AGL validation for prostate cancer, AKT Interim Management Statement, BAO Progressing Well, BVM New contract win, BEM Funding speculation, CAP US Vehicle conversion order win, DLC Trading update, DSN To plan, EHP Partnership with University of Manchester, PAL Purchases its own warrants, FBT New contract, FIP Placing and news from 2 portfolio companies, GLR Positive results, GGG Bullabulling resources drilling update/initial metallurgical programme results, IDGP Strong growth, LPA Positive warning, MTA Fundraise, MIRL Glistering results, MSG New product, MWG Acquisition, SAR Presentation, SEA Secured Scottish Enterprise funding, SLN Corporate and development updated, SPHR listing on AIM, TAN Smith’s progress, TGL Exploration update, TPJ Gold plated, ULT Preliminary results, VRP Positive phase IIa study and SNCL acquisition.
Advanced Computer Software (LON:ASW) (ASW 42.25p/£149.94m)
Healthcare software provider Advanced Computer Software announced it will focus on investing in its mobile phone-based services, as it almost doubled first-half pretax profit. The Company, which earlier in the year signed a partnership with Vodafone Group (VOD) to sell its iNurse mobile phone application for nurses, said it is in advanced discussions with other mobile operators. Sales during the first half continued to climb as public and private sector organisations invest in software to cut costs by boosting efficiency. The Company's forward order book now stands at £100m compared with £78m at the end of the previous financial year. For the six months ended…
