Cosmetic ambiguity | Public sector winner and loser
News covered here includes our assessment of the latest trading update from a cosmetics group which had been delivering excellent growth. Unfortunately, the latest update could have certainly done with more colour! We also assess updates from two companies providing IT services to the UK public who are experiencing contrasting trading environments. A cloud services company is still going backwards, but is it through the worst? Read on here for more on this and other news.
GlobalData: another AIM mover to Main Market and share buyback Shares in GlobalData (AIM: DATA), the data, analytics, and insights platform, rose sharply on news of a proposed move to the Main Market and an additional share buyback. The company believes that admission to the Main Market will further enhance its corporate profile and recognition and make the shares more appealing to a broader group of UK and global institutional shareholders. With a market capitalisation of £1.7 billion (share price 210 pence), DATA would gain immediate entry into the FTSE250 Index. They will provide an update on the timing and…