Thursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreSector movers: Sage lifts software stocks, chemicals gain
22nd Jan 2014 15:28
Sage was giving the software and computer services sector a lift on Wednesday after the firm reiterated its medium-term growth targets. Shares in Sage were up 3.6% at 427.9p - a level not seen in over a decade - after the accountancy software company said that trading across all regions in the firs
Read moreIDOX profits hit by rising costs
8th Jan 2014 08:46
Despite setbacks over the year, investors in software and services supplier IDOX appeared happy overall with the results for the 12 months ended October 31st. Pre-tax profit slipped to £7.5m from £7.9m a year earlier, on revenues of £57.3m, which had climbed from £55.4m the previous year. Profit
Read moreIDOX wins sizeable Canadian contract
28th Nov 2013 11:28
Document management software supplier Idox has won 1.5m dollar contract with a Canadian oil and gas company. AIM-listed Idox, which also supplies to the UK public sector, said its Engineering Information Management (EIM) division has agreed to supply its McLaren Enterprise solution software suite
Read moreTuesday broker round-up UPDATE
5th Nov 2013 08:57
Afren: FinnCap ups target price from 130p to 140p keeping a hold recommendation. African Barrick Gold: Westhouse Securities raises target price from 115p to 170p, while downgrading to sell. Associated British Foods: Numis downgrades to reduce with a target price of 1845p. Panmure Gordon ups target
Read morePressure Technologies director raises his stake
22nd Jul 2013 16:38
It looks like Nigel Luckett, a Non-Executive Director at Pressure Technologies, chose an expensive time to top up his stake as the stock hit a 52-week high on Monday. Luckett, a former partner of KPMG, bought 18,000 shares at a price of 217.5p each, spending a total of £39,150. He now holds 70,000
Read moreSector movers: M&A lifts software stocks on Invensys takeover speculation
12th Jul 2013 14:37
M&A activity gave the software and computer services sector a lift on Friday after technology firm Invensys became the target of a 3.3bn-pound takeover from French group Schneider Electric. Shares in Invensys were up nearly 16% in afternoon trade at 508.5p after it said it received a cash and paper
Read moreIDOX hikes divi despite 'disappointing' first half
25th Jun 2013 08:04
AIM-listed software group IDOX saw revenues and profits fall after a 'disappointing' first half but still managed to hike its interim dividend by nine per cent. IDOX, which last month admitted that its first half was slower than expected, said it had experienced delays in completing some expected l
Read moreLondon midday: Stocks sink as global growth forecasts cut
29th May 2013 11:45
Cuts to global growth forecasts and rising unemployment in economic powerhouse Germany sparked a sell-off on financial markets on Wednesday, as stocks pulled back following the impressive surge the day before. Following a three-day weekend for the UK and US, indices surged on Tuesday on renewed hop
Read moreWednesday broker round-up UPDATE
29th May 2013 08:59
AEC Education: WH Ireland lowers target price from 16p to 11p retaining a buy recommendation. Bodycote: JP Morgan downgrades to underweight with a target price of 495p. BTG: Deutsche Bank ups target price from 440p to 475p retaining a buy recommendation. De La Rue: Investec raises target price fr
Read moreLondon open: Chinese slowdown fears hit stocks early on
29th May 2013 08:34
Stocks declined sharply on Wednesday morning with yesterday's rebound proving short-lived as fears about the impact of a slowdown in China came back to haunt markets. Following a three-day weekend for the UK and US, indices surged on Tuesday on renewed hopes of continued monetary easing in Europe a
Read moreIdox plummets after slower-than-expected first half
29th May 2013 08:05
AIM-listed software group Idox saw shares drop sharply on Wednesday morning after the company's bottom-line guidance for the full year came in below analysts' expectations. Idox, which provides software and services to the UK public sector and global engineering information markets, said that it ha
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreWednesday broker round-up UPDATE
12th Dec 2012 07:25
AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating. Anglo American: Barclays upgrades to equal-weight with a target price of 1970p. Ashtead Group: Barclays raises target price from 352p to 434p and reiterates an overweight rating. ASOS: HSBC raises targe
Read moreLondon pre-open: Small gains expected on FTSE
12th Dec 2012 07:24
City sources predict the FTSE 100 will open up two points from yesterday's close of 5,925, edging higher on hopes in the US that law-makers can come to an arrangement over the impending 'fiscal cliff'. Optimism was sparked at the weekend following President Barack Obama and House Speaker John Boeh
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