Maintel Holdings PLC - London-based provider of communications services - Stock falls following trading update which forecasts revenue of around GBP95.0 million for 2025 "with slightly unfavourable gross margin levels", which would be down annually from GBP97.9 million. Adjusted earnings before interest, tax, depreciation and amortisation is forecast at around GBP7.0 million, down from GBP10.5 million. Maintel explains that it started its second half "with its largest sales pipeline for many years", but has lost "a significant key deal for the year" and pipeline closures have been delayed. Two other key deals were "successfully signed" with a GBP9.7 million total contract value, but Maintel notes the three deals together "were expected to be significant contributors to the full-year performance". Says it is confident that its "continuing transformation programme" and "specialist communications Managed Service Provider strategy" will ultimately support a return to cash generation, profitability and sustainable growth. Expects to report results for the six months ended June 30 on September 18. Wednesday's release follows previous updates in June and July, in which Maintel said it was "cautiously optimistic of meeting [full-year] market expectations". Read More
(Alliance News) - Stock prices in London were higher at Wednesday midday in London, after mixed early trading, as global bonds remained under pressure. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More
Maintel Holdings PLC - London-based communications services for the UK public and private sectors - Names Stephen Beynon as non-executive chair, with immediate effect. Beynon was most recently co-president of French satellite company Eutelstat Communications SA's Connectivity business and was chief executive officer of its low earth orbit satellite subsidiary OneWeb. He was also formerly managing director of the business-to-business division of Virgin Media in the UK, as well as at Australian telecommunications firm Optus. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and in recent weeks and not separately reported by Alliance News: Read More
(Alliance News) - Maintel Holdings PLC on Tuesday said sales momentum in 2025 has been slow to pick up, though revenue is beginning to improve. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Maintel Holdings PLC - London-based digital communications firm - Names interim Chief Executive Officer Dan Davies as the new CEO with immediate effect. Davies had been interim CEO since February 2024 and, prior to that, held the position of chief technology officer from 2020. He has held senior positions at Maintel since 2014. Maintel also continues its search for a new independent non-executive chair and will provide an update "in due course". Read More
(Alliance News) - Maintel Holdings PLC on Thursday said that it expects to show further improvement in financial performance, after narrowing its losses in the first half. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Maintel Holdings PLC - London-based cloud and managed communications service provider - Issues trading statement ahead of Wednesday's annual general meeting. "Although mindful of the headwinds faced by the company, the board is cautiously optimistic at this point about delivering against market expectations," Maintel says. Points out sales pipeline remains buoyant and cost control and working capital management is being kept in clear focus. But, notes inbound cost pressures continue to provide a challenge and new contracts were closed later in the year than initially anticipated. This means revenue in the first half of the year has been slower than expected, with the second half set to deliver significantly more revenue than the first as the now secured order book is delivered and more of the pipeline is developed and closed. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Corrected to clarify that Thompson's resignation is not linked to the delay in the release of results.) Read More
Maintel Holdings PLC - London-based cloud and managed communications service provider - Says Executive Chair Carol Thompson is to leave her role with immediate effect, and further, that Deputy Chair John Booth will not stand for re-appointment at the next AGM. Intends to look for a new non-executive chair to support the "continued transformation of Maintel". Read More