FTSE 250 movers: RPC Group as annual results impress
4th Jun 2014 13:58
Plastic packaging firm RPC Group was a strong riser after the company beat analysts' forecasts with its annual results as adjusted pre-tax profits rose 12% to £89.5m. Panmure Gordon upped its target price from 728p to 787p and retained a 'buy' recommendation. Office space provider Workspace was als
Read moreBroker tips: Lloyds, Smith & Nephew, IMI, Imagination Technologies
29th May 2014 12:47
Broker Oriel said Lloyds Banking Group's offloading of TSB should enhance net interest margin for the bank and, with a rising dividend yield, has reiterated its 'buy' recommendation on the bank. "This improvement should become apparent once TSB is deconsolidated, which will depend on how quickly Ll
Read moreUBS hikes target price on Imagination Technologies
29th May 2014 12:22
Analysts at UBS have raised their price target on chipmaker Imagination Technologies (ImgTech) from 200p to 250p as it looks forward to full-year results on June 24th. UBS said it believed delivery on a strong recovery in licensing in the second half, after two years of licensing weakness, is the
Read moreThursday broker round-up UPDATE
29th May 2014 08:13
AMEC: Berenberg initiates with a target price of 1450p and a buy recommendation. Imagination Technology: UBS ups target price from 200p to 250p and maintains a buy recommendation. IMI: UBS raises target price from 1600p to 1700p upgrading from neutral to buy. John Wood Group: Berenberg initiates
Read moreSector movers: Software and tech stocks lead gains
27th May 2014 14:34
Strong gains from AVEVA gave software stocks a boost on Tuesday, while ARM Holdings was providing a lift in the technology sector. AVEVA, which supplies engineering data and IT systems to power plants, shipping and energy facilities, beat forecasts with its annual results today, posting an 11% rise
Read moreFTSE 250 movers: Go-Ahead soars on Thameslink win
23rd May 2014 14:33
A joint venture of bus and train operator Go-Ahead and a company part-owned by French state railway SNCF has won the battle to run the new Thameslink rail super-franchise in London and south-east England. The announcement was bad news for rival bidders FirstGroup, which already runs the Thameslink
Read moreSector movers: Tech and mining stocks rally
22nd May 2014 15:34
Technology stocks edged higher as Imagination Technologies agreed two deals to strengthen its MIPS architecture into a more serious competitor for ARM. The FTSE 250 company announced a collaboration with US technology giant Oracle to enhance Java computer programming language for embedded applicati
Read moreFTSE 250 movers: Halfords pedals higher after strong Q4
22nd May 2014 15:03
Cycling and auto accessories retailer Halfords sped into the top spot after full-year profits accelerated past consensus forecasts thanks to a stonking fourth quarter from cycling as the group's investment programme began to deliver results. A 9.9% fourth quarter increase in retail sales and 4.3%
Read moreImagination Technologies agrees Java collaboration with Oracle - UPDATE
22nd May 2014 08:57
Imagination Technologies has agreed two deals to strengthen its MIPS architecture into a more serious competitor for ARM. The FTSE 250 company announced a collaboration with US technology giant Oracle to enhance Java computer programming language for embedded applications and the Internet of Things
Read moreFTSE 250 movers: Centamin rises on law change hopes
24th Apr 2014 15:30
Centamin rose strongly on the back of hopes a change in the law could resolve the Egyptian mining row. After a claim was made against the company's licence for the Sukari mine, in 2012 a court ruled the company did not have the right to mine with the licence, a decision since appealed by the group
Read moreSector movers: Tech rout continues after Nasdaq sell-off
11th Apr 2014 15:24
Technology hardware and equipment stocks bore the brunt of the sell-off on UK equity markets on Friday, following the trend seen on Wall Street after heavy falls on the Nasdaq Composite the previous session. The tech-heavy Nasdaq fell 3.1% on Thursday, its sharpest single-day percentage loss since
Read moreLondon midday: Tech and airline stocks drag UK markets lower
11th Apr 2014 11:30
- Tech, internet stocks weigh on markets - Nasdaq sees sharpest fall since late 2011 - JPMorgan, Wells Fargo in focus this afternoon - Airlines sold off after Heathrow traffic stats techMARK 2,668.68 -1.87% FTSE 100 6,563.60 -1.18% FTSE 250 15,888.60 -1.61% UK stocks fell over one per cent on Frid
Read moreLondon open: Tech stocks drag UK markets lower after Nasdaq sell-off
11th Apr 2014 08:35
- US, Asian weakness flows into UK stocks - Tech stocks hit hard in early trading - Supermarkets edge higher early on techMARK 2,679.00 -1.49% FTSE 100 6,594.42 -0.72% FTSE 250 15,946.60 -1.25% There were just a handful of risers on the FTSE 100 on Friday morning as stocks dropped sharply, trackin
Read moreFTSE 250 movers: Momentum stocks under selling pressure
7th Apr 2014 15:52
Ocado, Rightmove and PayPoint were registering heavy losses on Monday as technology-focused stocks bore the brunt of the wider market sell-off. UK markets were following last week's trend in the States where high growth, 'momentum shares' fell sharply as investors booked profits after the recent sur
Read moreFTSE 250 movers: Ophir falls on well failure, bookmakers hit by Budget
19th Mar 2014 14:30
Ophir Energy said it has failed to encounter significant hydrocarbons at the Padouck Deep-1 well in the Ntsina block offshore Gabon. The well was drilled to 3,297 metres total vertical depth subsea (TVDSS) targeting the Cretaceous Gamba and Coniquet/Dentale sands in the pre-salt section. British bo
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