Broker tips: Imagination Technologies, IG Group, ASOS
17th Sep 2014 13:13
A corner is being turned at Imagination Technologies after an in-line first quarter, according to Investec, though the broker kept a 'hold' recommendation on the stock ahead of an uncertain second half. "While there is a sense of a corner being turned after a torrid 18 months, we remain on 'hold' be
Read moreIG Group offers "good value" but Numis cuts estimates
17th Sep 2014 12:11
Numis Securities has kept an 'add' rating for spreadbetting group IG Group but has trimmed its forecasts after a poor first-quarter update from the firm. A particularly quiet summer in the financial markets and very low levels of volatility meant revenues at IG Group were down 9% year-on-year to £85
Read moreIG Group suffers from quiet summer markets
17th Sep 2014 08:17
A particularly quiet summer in the financial markets meant first-quarter revenues from spread-betting and CFD provider IG Group were short of analysts' expectations. Against an unusually strong period the summer before, revenue was down 9% year-on-year to £85.6m due to volumes and volatility falling
Read moreFTSE 250 movers: IG Group rises on increased divi payment
22nd Jul 2014 15:59
IG Group leapt following what broker Numis Securities termed a "substantial" increase in its dividend payment, up 28% to 22.4p. The financial spread betting firm reported a 2.4% rise in full-year trading revenue to £370.4m. Numis kept its 'add' rating on the stock with a target price of 665p. Secu
Read moreNumis hails "substantial" dividend hike at IG Group
22nd Jul 2014 12:46
IG Group offers "good value", according to Numis Securities, after the spreadbetting firm delivered a "substantial" increase in its dividend and lifted its payout ratio. The broker kept its 'add' rating on the stock with a target price of 665p. The company, which is about to launch a stock dealing
Read moreBroker tips: Tesco, Royal Mail, ARM Holdings, IG Group
22nd Jul 2014 12:42
New board members at Tesco should give "fresh perspectives" for the supermarket group, but the business will continue to face the the same structural problems, according to Deutsche Bank. The bank maintained a 'buy' recommendation for the stock but slashed its target price from 342p to 313p after c
Read moreLondon midday: UK stocks rise as risk appetite returns
22nd Jul 2014 12:12
- Mining stocks, ARM Holdings provide a lift - Royal Mail drops on disappointing parcel performance, Tesco pulls back - Gaza, Ukraine still in focus techMARK 2,816.77 +0.56% FTSE 100 6,782.04 +0.80% FTSE 250 15,592.23 +0.69% UK stocks rose strongly on Tuesday as a return of risk-on trading helped
Read moreMonday broker round-up UPDATE
16th Jun 2014 09:51
Allocate Software: N+1 Singer upgrades to buy with a target price of 133p. Croda International: Numis cuts target price from 2575p to 2554p and maintains its hold recommendation. Diamondcorp: Northland Capital shifts target price from 9.9p to 11p and keeps a buy recommendation. Fenner: Credit Su
Read moreIG Group appoints new Deputy Chairman
9th Jun 2014 20:15
IG Group Holdings on Monday revealed that the role of Deputy Chairman would be filled by Andy Green, who will join the board with immediate effect before succeeding Jonathan Davie on October 16th. Green is currently a non-executive director of ARM Holdings and was previously the Chief Executive of
Read moreIG Group predicts annual revenue to be below expectations
22nd May 2014 10:53
IG Group has warned that trading has been subdued in the final quarter and predicts full-year revenue to be slightly below expectations. However, the online trading company reassured investors that profit, earnings and cash generation remain on track, as operating costs continue to run slightly bel
Read moreWednesday tips round-up: Asos, IG Group
19th Mar 2014 07:09
At 100 times' earnings the valuation of Asos' shares requires perfect execution, not slowing sales growth and higher than expected costs. Yet that is exactly what investors are getting at the moment. Its investments in distribution capacity and new IT systems are now expected to cost 68m pounds, and
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
Read moreIG Group delivers nine per cent revenue increase
18th Mar 2014 08:15
- Q3 revenue increases nine per cent - Supportive market conditions, strong December - Expects to meet full-year revenue targets Spread-betting and CFDs provider IG Group said third quarter revenue rose nine per cent from the same time a year earlier after what it described as an unseasonably stro
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreLondon midday: Stocks slip on rate speculation as UK unemployment declines
22nd Jan 2014 11:30
- Markets pull back sharply after UK data - Fall in unemployment sparks rate speculation - Sage rises after confident update - RBS hit by UBS downgrade to 'sell' techMARK 2,852.20 +0.20% FTSE 100 6,825.74 -0.12% FTSE 250 16,130.75 -0.08% UK markets had erased gains by Wednesday lunchtime as concer
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