Imagination Technologies warns on profit, announces CEO departure
8th Feb 2016 07:45
(ShareCast News) - Chip designer Imagination Technologies announced a restructuring and the resignation of its chief executive with immediate effect, as it warned that it now expects to report a loss for the year. The company said it will implement a number of restructuring and cost-cutting initiati
Read moreImagination Technologies reviewing options for Pure division
25th Jan 2016 08:02
(ShareCast News) - Multimedia, processor and communications technology company Imagination Technologies said on Monday that it is reviewing strategic options for its audio products division Pure. The statement followed a report in the Sunday Times suggesting the company was looking to sell the loss-
Read moreSunday newspaper round-up: HMRC's new tax deals, Tesco's debt, Sainsbury's
24th Jan 2016 16:11
(ShareCast News) - In the wake of Google's £130m tax settlement with the UK taxman, other giant US corporations are close to shaking hands on their own deals. HM Revenue & Customs officials have confirmed to the Sunday Times that Amazon, Facebook, Microsoft and McDonald's are all close to agreements
Read moreN Brown CEO treats herself to first share purchase
22nd Dec 2015 15:31
(ShareCast News) - N Brown's chief executive officer Angela Spindler made her first purchase on Tuesday, nabbing 23,782 shares in the home shopping business at 292.80p each. Elsewhere, Imagination Technologies' non-executive director Andrew Heath picked up 37,710 shares in the chip maker at 131.60p
Read moreImagination Technologies slumps as it warns over full year profit
15th Dec 2015 09:09
(ShareCast News) - Imagination Technologies was under pressure after the company said operating profit for the year will be below previous expectations, as it posted a wider first half loss amid a slowdown in the semiconductor market. For the year to the end of October, the group, whose chips are us
Read moreJPM downgrades Imagination Technologies on growth worries
27th Nov 2015 09:56
(ShareCast News) - Forecast growth issues for Imagination Technologies have led JP Morgan Cazenove to downgrade the stock to 'neutral' from 'overweight' and reduce its price target to 230p from 275p. The investment bank said there are a number of issues which means the company is facing royalty head
Read moreBroker tips: Entertainment One, Pearson, Imagination Technologies
27th Oct 2015 13:43
(ShareCast News) - Peel Hunt downgraded Entertainment One to 'hold' from 'buy' and cut the price target to 260p from 340p, as the rights issue is digested by shareholders. The brokerage noted that Entertainment One has increased its exposure to Peppa Pig at a cost of £140m through the purchase of AB
Read more7digital launches high-resolution streaming, announces new contract deals
28th Sep 2015 10:08
(ShareCast News) - 7digital has announced it's the first provider to offer hi-resolution FLAC audio streaming through Google Cast. The digital music and radio services company announced Monday it has launched the Google Cast integration into its platform, which allows users to play music from a PC o
Read moreImagination Technologies tumbles as it forecasts first-half loss
16th Sep 2015 08:10
(ShareCast News) - Shares in Imagination Technologies fell sharply after the company said first-half revenue is likely to be lower than it had previously forecast, leading to a loss. The company, which supplies graphics technology to Apple, among others, said the semiconductor sector had a weak June
Read moreImagination Technologies rises as investors welcome cost base guidance
30th Jun 2015 07:53
Shares in chipmaker Imagination Technologies rose 3% on Tuesday after the company said it expects to see an increase in profitability in 2016, despite posting a wider loss for year to April 30. The company, whose chips are used in Apple devices, reported a pre-tax loss of £11.95m, up from £314,000 l
Read moreAggreko demoted as Inmarsat joins FTSE 100
4th Jun 2015 15:10
Temporary power provider Aggreko was a casualty of the latest quarterly FTSE 100 review, demoted to the 250 index as satellite company Inmarsat enjoyed a promotion. Aggreko has a market capitalisation of around £3.95bn, whereas Inmarsat has a market value of around £4.53bn. Banknote printer De La R
Read moreFTSE 250 movers: Imagination Technologies surges on takeover speculation, oil stocks lower
1st Jun 2015 14:11
Mid-caps were outperforming the blue chip index on Monday afternoon, buoyed by strength in the real estate, travel and electronics sectors. As of 16:00 BST, the FTSE 250 was trading 0.38% higher at 18,224.3. Imagination Technologies led the risers after analysts at Liberum tipped it as a possible t
Read moreImagination Tech adds chip technology to first WebRTC IP camera solution
14th Apr 2015 08:09
Microchip designer Imagination Technologies has contributed to the development of the first affordable internet protocol camera under the highly anticipated WebRTC platform. A collaboration with Taiwan's giant notebook computer maker Quanta and Israeli chipmaker Celeno has seen the development of th
Read moreThursday broker round-up
19th Mar 2015 15:59
Smiths Group: Charles Stanley downgrades to reduce while Nomura reiterates buy recommendation. Weir Group: Barclays reiterates equalweight and 1,700p target. Prudential: Barclays reiterates overweight and lifts target to 1,868p. Serco: Jefferies reiterates hold but trims target to 185p from 195p.
Read moreImagination Technologies shares slump on poor licensing activity
18th Mar 2015 08:55
Shares in Imagination Technologies dropped 12% to trade at 227p early Wednesday as investors expressed disappointment with the group's lull in licensing activity during the period from November 1 to March 17. Imagination, who provides graphics technology to Apple, described licensing activity as a "
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