Fidessa takes a pounding from strong sterling
16th Feb 2015 10:33
Fidessa Group reported a 9% fall in full-year pre-tax profit to £39.1m, reflecting the strength of the pound against currencies in other markets. The maker of trading software said revenue declined 1% to £275m in the year ended 31 December 2014. Without the effect of currency translation, revenue an
Read moreFriday broker round-up
5th Dec 2014 09:48
Amino Technologies: N`+1 Singer ups target price from 107p to 141p and keeps a 'buy' recommendation. Barr (AG): Numis upgrades from 'hold' to 'add' with a target price of 659p. Jefferies reduces target price from 678p to 510p and downgrades to 'sell'. Betfair: JP Morgan increases target price from
Read moreTrifast execs make tidy sum through share option sale
21st Nov 2014 15:59
The chairman and boss of fastenings group Trifast have both raised £1.08m each after selling shares issued under the company's 2009 share option plan. Executive chairman Malcolm Diamond and chief executive Jim Barker, who have both been with the company for over three decades, were issued 1m shares
Read moreFidessa continued to see improvement in its markets
6th Nov 2014 10:05
Trading provider and investment manager Fidessa has announced continued improvement across the markets, during the period from 1 July 2014 to 6 November 2014. The company revealed that it has experienced reduced headwind from consolidations, restructurings and closures in the customer base and from
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreFTSE 250 movers: Ex-divi stocks and Balfour lead index lower
20th Aug 2014 13:57
Berkeley Group, Fidessa Group and Taylor Wimpey all dropped into the red after going ex-dividend on Wednesday. Balfour Beatty was in negative territory after rejecting another merger offer from rival Carillion, saying such a move would not be in shareholders' best interest. Tuesday's offer was the
Read moreLondon midday: UK stocks retreat on rate-hike uncertainty
20th Aug 2014 12:00
- MPC split on rate decision for first time since 2011 - FOMC minutes due out after the close - Ex-dividend stocks, Balfour Beatty weigh on market - Beverage shares hit by Carlsberg results techMARK 2,798.96 -0.07% FTSE 100 6,752.88 -0.39% FTSE 250 15,794.83 -0.63% UK equities retreated from a thr
Read moreLondon open: Stocks snap five-day win streak ahead of central bank minutes
20th Aug 2014 09:00
- MPC, FOMC minutes in focus - FTSE 100 pulls back from three-week high - Balfour drops after rejecting Carillion bid - Glencore announces $1bn buyback techMARK 2,802.00 +0.04% FTSE 100 6,769.90 -0.14% FTSE 250 15,859.07 -0.23% UK stocks snapped a five-day winning streak on Wednesday ahead of the
Read moreFTSE 250 movers: Synthomer leaps after 25% increase to dividend
11th Aug 2014 14:37
Chemicals group Synthomer cheered investors with a 25% jump in the interim dividend, which came despite a drop in half-year sales amid challenging market conditions. The company also said it anticipated delivering underlying full-year profit in line with last year's figure of £90.1m. Balfour Beat
Read moreTuesday broker round-up UPDATE
5th Aug 2014 11:02
Acal: FinnCap initiates with a target price of 322p and a buy recommendation. Afren: UBS reduces target price from 200p to 135p and stays with its buy recommendation. Aggreko: WH Ireland ups target price from 1800p to 1850p and stays with a buy recommendation. Alent: Numis increases target price
Read moreBritish American Tobacco director sells off LTIP share awards
4th Aug 2014 15:51
John Benedict ('Ben') Stevens, the head of finance at British American Tobacco, has sold nearly £0.7m-worth of shares in the cigarette maker. After being awarded 39,142 shares under the company's long-term incentive plan from 2011, Stevens offloaded 18,802 of them at a price of 3,486p each. Steven
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreFidessa's first-half profit falls as strong sterling hurts results
4th Aug 2014 08:02
- Pre-tax profit falls 4% - Revenue drops 2% - Dividend raised 5% Fidessa reported a drop in first-half profit as a strong sterling offset improving market conditions. The maker of software for financial traders posted a 4% fall in adjusted pre-tax profit to £20.1m and a 2% decline in revenue to £
Read moreFTSE 250 movers: Al Noor rises on in-line revenue jump
28th Apr 2014 15:15
Al Noor Hospitals, which operates medical facilities in Abu Dhabi, jumped into the top spot after it said it traded in line with expectations in the first quarter with revenues rising by a quarter. Revenues totalled $111.6m in the three months to March 31st, up 24.7% on the year before. During the
Read moreLondon pre-open: FTSE set for decent start to busy week
28th Apr 2014 07:42
UK stocks are set for a decent start ahead of what is expected to be a busy week, despite a less-than-impressive finish in the US on Friday and an uninspiring performance by Asia stocks overnight. City sources predict the FTSE 100 will open around 20 points above Friday's close of 6,685.69. US st
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