London close: Stocks rally on hopes over 11th-hour deal in Washington
16th Oct 2013 16:24
Stocks swung sharply into positive territory on Wednesday afternoon with the FTSE 100 hitting a four-week high on that US leaders can come to a deal to raise the debt ceiling before tomorrow's deadline. Despite a weak start, the FTSE 100 finished up 22.48 points at 6,571.59, its highest level since
Read moreLondon midday: Stocks slip as optimism over US deal begins to fade
16th Oct 2013 11:45
London's FTSE 100 pulled back from a three-week high on Wednesday morning as a deal to avert a US default remained elusive with just one day to go before the government hits its borrowing limit. Matt Basi, Head of UK Sales Trading at CMC Markets, said that the proximity of the deadline was "giving
Read moreAnite stock price crashes on profit warning
16th Oct 2013 09:32
Shares in wireless testing group Anite collapsed by more than a third after the company warned sales and profits were being held back due to slower mobile handset testing activity. Although management stressed that its order book had increased, it cautioned that first half revenues from handset te
Read moreWednesday broker round-up UPDATE
16th Oct 2013 08:26
Anite: Northland Capital reduces target price from 160p to 120p, while staying with its buy recommendation. Panmure Gordon cuts target price from 177p to 142p and keeps a buy recommendation. Jefferies takes target price from 160p to 110p, while leaving its buy recommendation unchanged. Canaccord Gen
Read moreWednesday broker round-up UPDATE
11th Sep 2013 08:14
Advanced Medical Solutions: Panmure Gordon moves target price from 90p to 102p and reiterates a buy recommendation. Amara Mining: Numis shifts target price from 40p to 45p retaining its buy recommendation. Anite: Numis cuts target price from 155p to 128p and downgrades to hold. Ashmore Group: Ban
Read moreFTSE 250 movers: African Barrick Gold gains on gold price hike
16th Aug 2013 13:26
African Barrick Gold and Polymetal International rallied as the price of gold continued to climb after reaching a two-month high at Thursday's close of European trading. Balfour Beatty rose following a decline earlier this week when it reported a first-half pre-tax loss. Anite, on the other hand,
Read moreLondon midday: Markets searching for direction after sell-off
16th Aug 2013 12:01
The FTSE 100 was broadly flat on Friday morning, swinging between gains and losses as equity markets searched for direction following a steep sell-off the day before in the UK and US. The London benchmark lost 1.6% on Thursday after better-than-expected jobless claims data in the States ignited con
Read moreLondon open: Markets rangebound after steep sell-off
16th Aug 2013 08:42
The FTSE 100 opened broadly flat on Friday morning with markets rangebound as sentiment still remained fragile following the steep sell-off the day before. The London benchmark lost 1.6% on Thursday after better-than-expected jobless claims data in the States ignited concerns that the Federal Reser
Read moreAnite warns on first-half profits after quiet start for mobile handsets
16th Aug 2013 07:23
A slow start in the market for testing mobile handsets means that FTSE 250 listed Anite is likely to see flat sales and lower profits in the first half of the year. The extra overheads stemming from Anite's acquisition of wireless testing business Propsim in January would mean that what was normal
Read moreMonday broker round-up UPDATE
8th Jul 2013 08:48
Anglo American: Exane reduces target price from 1700p to 1400p and reiterates its underperform rating. Anite Group: Investec raises target price from 135p to 155p and upgrades from hold to buy. Ashmore Group: RBC Capital Markets takes target price from 440p to 375p and keeps its neutral rating. B
Read moreWednesday tips round-up: Persimmon, Anite, Oracle
3rd Jul 2013 06:41
UK housebuilder Persimmon has seen its share price soar over the past two years as margins have improved, notes The Telegraph's Questor. The company, like the rest of the sector, has enjoyed strong trading with a total of 5,022 homes sold at an average selling price of 179,200 pounds in the first si
Read moreAnite's annual profit lifts on back on revenue growth
2nd Jul 2013 08:26
Software solutions provider Anite saw annual pre-tax profit rise 23 per cent to 34.3m pounds driven by wireless revenue and its Handset Testing business. Total revenue for the year ended April 30th came to £132.5m, up 8.0% from the previous year's £28m. Earnings before tax, depreciation and amorti
Read moreTuesday broker round-up UPDATE
2nd Jul 2013 08:24
Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati
Read moreAnite acquires Genetel
2nd Jul 2013 07:52
Anite, which provides software solutions to the international wireless and travel sectors, has acquired Genetel SAS, a full service distributor of network testing products to French speaking markets. Genetel is Anite's existing distributor of Nemo network testing products in France and French spea
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
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