FTSE 250 movers: Tullett, Anite, TalkTalk, Victrex
9th May 2013 14:47
Interdealer broker Tullett Prebon led the FTSE 250 race Thursday as investors shrugged off the company's four per cent decline in revenue for the first four months of the year. Shareholders seemed to pay closer attention to the group's announcement that it had finalised the terms of a participation
Read moreAnite on track to meet top end of full-year forecasts
9th May 2013 08:59
Anite, which provides software to wireless and travel industries, said its annual pre-tax profit will meet the top end of market forecasts. In an update ahead of its results for the year ended April 30th, the company reported strong trading in the final quarter which helped drive profits. Revenu
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreMulberry non-executive opens account
9th Apr 2013 15:50
A Non-Executive Director of high-end designer Mulberry has underlined his support for troubled company with the purchase of 10,000 shares. Steve Grapstein purchased the shares - which mark his only holding in the group - in two equal tranches. The first half were bought for 920p, and the second f
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreTuesday tips round-up: Anite, Ladbrokes, Hansteen
12th Mar 2013 06:39
Anite yesterday issued a cautious trading statement, but the market seems to have overreacted. More than anything else, the company seems to have wanted to rein in analysts, so as to avoid further earnings upgrades for this year and next, The Times´s Tempus writes. But coming into the trading statem
Read moreLondon close: FTSE 100 breaches 6,500 despite mixed data
11th Mar 2013 16:30
The FTSE 100 breached the psychological barrier of 6,500 on Monday afternoon, hitting fresh five-year highs, though gains were only slight given a barrage of mixed economic data released earlier in the session. The fact that a number of benchmark indices around the globe are trading at (or close to
Read moreFTSE 250 movers: Anite shares dives on Investec concerns
11th Mar 2013 16:02
Anite shares plunged after the Investec said the company would need a strong fourth quarter to meet its full year forecasts, and downgraded its rating on the stock from 'buy' to 'hold. Ophir shares tanked after hitting technical resistance in the form of their primary downtrend line. Meanwhile, R
Read moreLondon midday: Markets cautious after mixed economic data
11th Mar 2013 11:46
The FTSE 100 was trading within a narrow range on Monday morning as traders remained cautious following a barrage of mixed economic data over the past few days. With indices across the globe trading at (or close to) record highs, markets are appearing to pause for breath after a strong run so far t
Read moreBroker tips: Sage, Anite, Ashtead
11th Mar 2013 11:10
Accountancy software giant Sage suffered a steep fall on Monday after Bank of America Merrill Lynch downgraded its rating for the stock from 'neutral' to 'underperform'. The broker said in a research note that investors should remain cautious as to whether Sage can pull off its move to cloud comput
Read moreBroker snap: Strong Q4 needed at Anite, says Investec
11th Mar 2013 10:14
Investec has downgraded its rating for software provider Anite from 'buy' to 'hold', saying that the stock has come close to its target. While the shares suffered a 9.29% drop to 140.6p on Monday morning, they finished Friday's session at the 155p level - not far off Investec's unchanged target pri
Read moreLondon open: Italian downgrade weighs on markets early on
11th Mar 2013 08:37
UK markets opened cautiously on Monday as sentiment was dampened by Fitch Ratings, which downgraded its credit rating for Italy in the aftermath of an inconclusive election. Fitch downgraded Italy to 'BBB+' from 'A-' and kept the outlook at 'negative', saying that last month's elections make it unl
Read moreLondon pre-open: FTSE to start week flat
11th Mar 2013 07:31
City sources predict the FTSE 100 will open unchanged from Friday's close of 6,484, ahead of GDP releases in various small - but crisis prone - periphery economies such as Cyprus and Greece. Also on the agenda today is the German balance of trade reading and RPI, as well as the country's current a
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreAnite on target for full year
11th Mar 2013 07:07
Software group Anite said third quarter trading reflected a relatively quiet seasonal period but it remains confident about the outturn for the year as a whole. Anite, which provides software solutions to the international wireless and leisure travel industries, said trading in the quarter ended Ja
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