Broker snap: Brokers differ on Fidessa
14th Feb 2011 13:18
RBS stays with a 'buy' rating on Fidessa Group after a robust set of results, and is encouraged that on a 24-month timeframe, market conditions are expected to improve. The trading systems developer showed 10% revenue growth in 2010 to £262.3m and 11% growth in adjusted operating profits to £39.8m,
Read moreLondon midday: FTSE 100 turns lower
14th Feb 2011 12:13
The top share index is slightly under pressure now though there is some excitement among oil-related stocks in the mid-cap index. Shares in John Wood have roared ahead after the oilfield services group said it is returning money to shareholders, and is to pay out $1.7bn after it agreed to sell it
Read moreLondon open: Egypt gives early boost
14th Feb 2011 08:45
The departure of Egypt's president Hosni Mubarak and gains on Asian markets have given Footsie an early lift. Miners are going well after strong trade figures from China. Xstrata and Rio Tinto lead the sector higher. Reports that China's inflation numbers tomorrow may be better than expected has a
Read moreLondon pre-open: Egyptian afterglow still evident
14th Feb 2011 07:46
The boost given to stock markets by the departure of Egypt's president Hosni Mubarak is still evident, with London set to open the week on a firm footing. City traders expect the FTSE 100 index to open around 20 points higher. Engine maker Rolls-Royce has won a $2.2bn (£1.4bn) contract with Emirate
Read moreFidessa's numbers a bit light - except the divi
14th Feb 2011 07:14
Trading systems developer Fidessa kept up its tradition of paying a special dividend after it saw 10% growth in revenue and adjusted profit before tax in 2010. "The strength of our business has been reflected in a number of key metrics, including an increase of around 25% in the value of transactio
Read moreWeek Ahead: Barclays, Inflation, Unemployment
11th Feb 2011 10:58
It's a busy week on the company news and economic events fronts next week, with big hitters such as British Land, Barclays, InterContinental Hotels, BHP Billiton, BAE Systems and Reed Elsevier all updating the market, while economists will be waiting to pore over the Bank of England's quarterly infl
Read moreLondon close: Footsie struggles
26th Oct 2010 16:24
Investors pocketed gains after an impressive autumn rally, though the decision was made easier by some disappointing corporate news, weak miners and negative broker comment on the insurance sector. The top 100 index fell back sharply from six-month highs, dropping below 5,680 at one point although
Read moreLondon afternoon: Bleak mid-winter for Cairn
26th Oct 2010 14:27
With Wall Street tipped to open lower London's leading shares fell back further over the lunch time period, resulting in the Footsie subsiding below 5700. Cairn Energy tops the list of fallers after it failed to find a commercial discovery at either the T8-1 or T4-1 wells offshore Greenland. The c
Read moreTechMARK movers: Management caution hits Fidessa price
26th Oct 2010 13:32
Financial software provider Fidessa reported that it is on course for good growth this year but management caution has knocked the share price. There is concern about smaller financial businesses delaying investment in software or being involved in consolidation. Fidessa is keeping its costs under
Read moreFTSE 250 movers: Fidessa may be overdoing the caution
26th Oct 2010 12:43
Fidessa, the provider of multi-asset trading systems, took a battering in the morning session after a cautious trading statement. "The statement is a repeat of the interims, highlighting ongoing issues amongst smaller clients," observed KBC Peel Hunt analyst Alex Jarvis. "We are yet to get a handle
Read moreLondon midday: UK growth cuts little ice
26th Oct 2010 12:08
Better than expected UK third quarter growth has cut little ice with investors this morning, who are firmly focused on weak miners, negative corporate news and broker downgrades. Britain's economy grew twice as fast as expected in the three months to September, according to preliminary estimates by
Read moreLondon open: Light selling hits Footsie
26th Oct 2010 08:43
Footsie has run into light selling as the earnings season hits a brief lull before the heavyweights start to appear at the end of the week. The boom in mobile devices using ARM Holdings' intellectual property was largely responsible for a sharp rise in the chip designer's third quarter profits. Rev
Read moreLondon pre-open: Dull start expected
26th Oct 2010 07:34
The Footsie went into a late swoon yesterday and the trend looks set to continue this morning with City traders expecting the blue-chip index to open around 13 points lower. The continued growth in popularity of mobile devices using ARM Holdings' intellectual property was largely responsible for a
Read moreFidessa still counting the pennies
26th Oct 2010 07:19
Fidessa, the provider of multi-asset trading systems, said uncertainty in its markets has continued into the third quarter. The group said that while in some instances the cloudy economic climate and the fluid regulatory position have created some opportunities for Fidessa, it is also making some c
Read moreUK SMALLCAP ROUNDUP: President Petroleum Co Ups Reserves
2nd Aug 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PRESIDENT PETROLEUM CO. PLC (PPC.LN), an oil and gas explorer, Monday increased its reserves in the U.S. more than four-fold to 12.9 million barrels of o
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