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Inmarsat rallies on results relief

Although not particularly spectacular, first-quarter numbers sent the shares up by more than 10 per cent
Inmarsat rallies on results relief

When a company is as battered as Inmarsat (ISAT), it doesn’t take much for shareholders to rejoice. That’s why its shares rose by as much as 11 per cent on the morning management announced the bottom line had swung back into profit in the first quarter of 2018, compared with a loss during the prior three months. 

IC TIP: Hold at 396p

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