London close: Stocks end slightly off ahead of Fed
17th Sep 2014 16:50
An injection of liquidity into Chinese banks failed to lift UK stocks on Wednesday, as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 finished the session lower by 0.17% at 6,780.19, down from the 6,792.24 seen on Tuesday, its lowest close since 22 Augus
Read moreSector movers: Tech stocks sparked by Imagination
17th Sep 2014 14:30
Technology stocks were on the rise on Wednesday as a well-received update from chipmaker Imagination Technologies gave the sector a boost. Imagination's shares were up 5.6% at 199.6p in afternoon trade after the company reassured investors that "progress will continue in line with its expectations"
Read moreBroker 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 moreLondon midday: Miners lead UK stocks higher as investors await FOMC
17th Sep 2014 11:46
Stimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
Read moreImagination Tech turning a corner but Investec stays at 'hold'
17th Sep 2014 10:14
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. The company said that trading in the licensing division during the first quarter has been good wi
Read moreMarket overview: Fed speculation ramps up after CPI data
17th Sep 2014 09:41
1630:Close UK stocks ended the session slightly lower, failing to partake in the gains seen elsewhere, as investors maintained a wary attitude ahead of Thursday´s Scottish referendum. Rightly so given the enormous significance of the event for Britain. European markets on the other hand were buoyed
Read moreLondon open: Stocks edge higher ahead of FOMC, BoE minutes
17th Sep 2014 08:20
UK stocks edged higher on Wednesday morning after a positive session on Wall Street, though gains were only modest ahead of the hotly-anticipated Federal Open Market Committee (FOMC) statement and Bank of England minutes. London's FTSE 100 was trading 0.2% higher at 6,805 in early deals, after settl
Read moreImagination Technologies wary of volatile pound
17th Sep 2014 07:53
Chipmaker Imagination Technologies has said that trading in its first quarter has been in line with expectations, but admitted that the recent volatility of sterling means that forecasting for the full year has become "difficult". The company said that both licensing and royalty revenues in the peri
Read moreFTSE 250 movers: Ophir climbs after unveiling new gas discovery
16th Sep 2014 15:41
Africa-focused Ophir Energy rose after it announced a new gas discovery in block R which it says increases the value of its 80%-owned offshore Equatorial Guinea project. The Silenus East-1 well found a 67m gross gas column in the primary target with a high-quality reservoir in line with pre-drill ex
Read moreLondon midday: UK stocks near one-month low as retailers drop
16th Sep 2014 11:49
UK stocks were trading at levels not seen in nearly a month on Tuesday as a sharp drop in German economic confidence and disappointing data from China dampened sentiment. A profit warning from online fashion retailer ASOS and a disappointing updates from Thomas Cook, N Brown and Crest Nicholson were
Read moreSector movers: UK tech stocks fall in Apple aftermath
10th Sep 2014 14:22
Tech stocks were under pressure on Wednesday after a largely underwhelming product launch from gadget giant Apple. The company unveiled two new versions of its iPhone as well as its first wearable watch device and a new contactless payment system, though these were widely expected by the market. "T
Read moreSector movers: CSR takeover approach gives tech stocks a boost
28th Aug 2014 16:08
M&A activity sent UK technology stocks to the top of the pile in London on Thursday after it was revealed that chipmaker CSR had attracted interest from overseas. CSR's shares were up 35% after the wireless technology firm confirmed rumours that it had received a takeover offer from American semico
Read moreFTSE 250 movers: Imagination Technologies gains on upgrade
5th Aug 2014 16:07
Imagination Technologies Group was a top riser on Tuesday after Liberum recommended investors buy the shares. The broker upgraded the stock to 'buy' from 'hold', citing an "attractive risk-reward" on the back of a weak share price since full year 2014 results in June. Liberum said Apple's new prod
Read moreBroker tips: Royal Mail, Meggitt, Intertek, Imagination
5th Aug 2014 12:43
Royal Mail Group's (RMG) stock was dented on Tuesday by comments from Credit Suisse, which said it sees "no near-term positive catalysts" for the postal company. The bank slashed its target price for the shares from 460p to 360p as it kept an 'underperform' recommendation, saying that RMG's margin
Read moreLiberum upgrades Imagination after recent sell-off
5th Aug 2014 11:20
The recent weakness in Imagination Technologies' share price has prompted Liberum to hike its recommendation for the stock from 'hold' to 'buy', saying it now sees significant upside if the chip designer can deliver on its targets. "Imagination's share price has been weak, declining by 28% since [i
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