Articles about Morse

Logicalis coughs up €24m for 2e2's Euro ops

Logicalis Group has coughed €24m for 2e2's European operations, it confirmed in a stock market statement this morning. The deal includes the IBM system integration biz in Spain - which is still trading under the Morse brand; the NetApp and HP enterprise reselling outfit in Ireland; a managed service operation in the Channel …
Paul Kunert, 4 Mar 2013
arrow pointing up

Morse merger is go

The proposed takeover of Morse by 2e2 looks set to go ahead - the companies have agreed final terms. It emerged on Friday that the two firms were in advanced talks. Morse's board of directors today unanimously approved the offer of 51 pence per share. This represents a 60.4 per cent premium on Morse's average share price over …
John Oates, 26 Apr 2010
channel

Morse confirms advanced takeover talks

Morse has confirmed to the London Stock Exchange that it is in talks which could lead to the sale of the reseller. The reseller and integrator confirmed it was in advanced talks but warned: "Shareholders should be aware that there is no certainty that an offer will be made." The deal would give Morse investors 51p for every …
John Oates, 23 Apr 2010
globalisation

Morse ups profits on flat sales

Morse Group failed to grow revenue in the six months ended 31 December, but did manage a big jump in profits. Revenue was £107.6m versus £107.5m last year. But profit before tax was £4.1m compared to £2.2m in the second half of 2008. Ebitda was up 94 per cent to £4.6m. Morse made an operating profit of £4.1m against a £2.7m …
John Oates, 10 Feb 2010
cloud

Morse sales and profits sink in economic storm

Reseller and consultancy Morse saw revenue for the full year ended 30 June 2009 fall to £211.9m compared to £235.3m in 2008. Profit before tax and exceptional items also fell to £7.8m from £8.2m last year. It made an operating profit of £200,000 from continuing operations before exceptionals compared to a loss of £4.7m last …
John Oates, 9 Sep 2009
channel

Morse expects second half revenue dip

Morse expects to report a slight dip in revenues from continuing operations in its second half compared to its first half of the year, the company announced in a trading update this morning. The services group said its margins on that revenue would reflect the benefit of its cost cutting program through the year and the …
Joe Fay, 9 Jul 2009
channel

Morse signals tough times

Morse shares fell by almost a quarter today after the technology consultancy announced lower profits for the nine months ended 31 March 2009 and a dispute over one of its contracts. The company said it made an operating loss of £400,000 in the three months ended 31 March. In the last nine months it made revenues of £156.9m, …
John Oates, 24 Apr 2009
fingers pointing at man

Morse taps new boss, new structure

Morse has appointed a new chief exec as it continues to restructure the business. The firm sold off its Jersey-based investment consultancy yesterday which leaves it with four independent business units - infrastructure services and technology units in the UK, Spain and Ireland and a business applications business. The heads …
John Oates, 11 Feb 2009
graph up

Morse sells loss-making consultancy

Morse Plc has agreed to sell its UK and Jersey investment management consultancy business after it notched up an operating loss of £44,000 in the six months ended 31 December 2008. The UK IT consultancy group confirmed the dramatic move yesterday afternoon. It sold the biz to Navigant Consulting, which is a European subsidiary …
Kelly Fiveash, 10 Feb 2009
Morse

Morse loses CEO, warns on revenues

Morse said goodbye to CEO Kevin Alcock today as it unveiled a trading update which said full year revenues will come in below last year's. The IT services vendor said that it had experienced “some deterioration in short term services in the final quarter of the year as clients have reduced discretionary spend”. While first …
Joe Fay, 8 Jul 2008
The Register breaking news

UK culture sec wants a public service web

The UK government is cracking its knuckles for a more hands-on attitude to ensuring the quality of internet content, which could put it somewhat at odds with its own regulator. Culture secretary Andy Burnham at a meeting of the Convergence Think Tank this week trumpeted the importance of “standards”, saying he wanted to “ …
Joe Fay, 13 Jun 2008
Morse

Morse demerges from Monetise

Morse's board has voted to demerge the company from Monitise, a division of the group which develops mobile banking and payments solutions. Monitise, which was founded four years ago, will be listed on AIM. Morse says the decision was taken because the two businesses operate separately anyway, and have "distinct …
Lucy Sherriff, 24 Apr 2007
graph up

Morse all smiles despite turnover slide

Despite a fall in turnover and profits, Morse says it is pleased with its financial results for the six months ending 31 December, the first since the group split into two six months ago. The company saw group turnover fall to £132.2m, against £187.4m for the same period a year earlier. Profit, before tax, was also down at £3. …
Lucy Sherriff, 2 Mar 2007

Create a news alert about Morse, or find more stories about Morse.

Biting the hand that feeds IT © 1998–2017