Telecity share price soars after bid for Interxion cloud centres Increasing demand for cloud technology has led British data centre provider Telecity to look to expand into the sector with a non-binding offer of £1.44bn to buyout New York-listed Interxion sending shares in Telecity up 15.26 per cent on the news. Telecity has benefited from the increased use of its data centres from cloud based [...]
Telecity maintains 2014 guidance with robust trading alongside its hunt for a new chief exec Data centre provider Telecity yesterday reported robust trading with revenue growth of 9.4 per cent for the year to 30 September. Telecity said order wins during the last quarter have kept the business on track for its existing 2014 organic revenue guidance, excluding currency movements, of £343m to £350m. “We continue to see strong demand [...]
Telecity’s Michael Tobin quits and sends share price tumbling Shares in data centre provider Telecity plunged nearly six per cent in trading yesterday following the shock resignation of outspoken chief executive Michael Tobin. In a statement Tobin said it was “time to move on. Having led the company for over a decade… the board and I agree that with the business in excellent health, [...]
Who said it? Was it The Office’s David Brent or Telecity’s Michael Tobin? August 26, 2014 In retrospect, publishing a book called, Forget Strategy, Get Results, probably wasn’t the best thing for Telecity chief Michael Tobin to publish in April this year. Four months later, and he’s making a surprise resignation, “to make way for a new CEO”. Perhaps the board quite fancied a bit of strategy after all. But [...]
Telecity share price dives as chief executive Michael Tobin resigns August 26, 2014 Shares in data centre provider Telecity plunged as much as 5 per cent in early trading on Tuesday after Michael Tobin, its outspoken chief executive, resigned. In a statement to the stock exchange ahead of a trading statement due on Friday, Tobin said it was "time to move on". Having led the company for over [...]
Telecity shares jump on 2014 growth spurt April 29, 2014 TELECITY’S shares leapt nearly 15 per cent yesterday after the British data centre operator reported a strong first quarter start to 2014. The company’s revenue grew 9.4 per cent, excluding the impact of currency changes, with strong trading reported in Amsterdam, Stockholm and Dublin. “The level of gross order wins in the UK division has [...]
Telecity slumps as 2014 forecast fails to inspire February 12, 2014 BRITISH data centre operator Telecity has forecast weaker than expected revenue growth this year, sending its shares down more than 10 per cent to a two-year low. The company, which targets the top end of the market from prime city-centre locations, said yesterday that demand from sectors such as e-retail and video streaming services remained [...]