London midday: Stocks rangebound ahead of UK Budget, FOMC
19th Mar 2014 11:33
- Osborne's 2014 Budget in focus - Jobless rate, BoE minutes, FOMC meeting - Ukraine-Russia tensions running high - Smiths Group drops on H2 outlook - Ophir plummets, Imagination jumps techMARK 2,817.88 +0.53% FTSE 100 6,595.59 -0.15% FTSE 250 16,366.11 +0.07% Stocks were trading in the red on Wed
Read moreImagination Technologies launches 'disruptive' mobile graphics unit
19th Mar 2014 07:54
Imagination Technology has launched its new graphics processors to allow photo-realistic gaming on mobile devices, strengthening its offering in an area of key concern to analysts. The FTSE 250 company said its new Wizard processing units were a "disruptive" technology that "raised the bar" to all
Read moreFriday broker round-up UPDATE
7th Mar 2014 09:39
AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation. Aggreko: JP Morgan lowers target price from 1542p to 1536p and maintains a neutral rating. Goldman Sachs increases target price from 1876p to 1950p and keeps a buy recommendation. Numis upgrades to re
Read moreFTSE 250 movers: Perform retreats after recent gains
6th Mar 2014 13:47
Perform Group was retreating from recent gains which followed its full-year results, which saw the sports media group surge on turnaround hopes after a seven per cent fall in earnings per share in 2013. Imagination Technologies Group saw its share price plunge after admitting a slowdown in the rat
Read moreBroker tips: Aviva, Schroders, Rolls-Royce, Imagination Technologies
6th Mar 2014 13:05
The share price of insurance giant Aviva soared on Thursday after the company beat expectations with its 2013 results, with Panmure Gordon providing a lift as it upgraded its rating on the stock from 'hold' to 'buy'. The broker highlighted Aviva's internal debt position which had reduced from £5.1b
Read moreInvestec to cut forecasts for Imagination after disappointing update
6th Mar 2014 12:39
Investec has kept a 'hold' recommendation for chip designer Imagination Technologies, saying that it is likely to downgrade its full-year profit forecasts by as much as a quarter following a disappointing third-quarter update from the firm. Shares fell sharply on Thursday after Imagination warned o
Read moreThursday broker round-up UPDATE
6th Mar 2014 09:10
Advanced Medical Solutions: Investec ups target price from 97p to 121p and keeps a buy recommendation. African Barrick Gold: Investec increases target price from 132p to 206p, but still recommends selling. Arcontech: Northland shifts target price from 0.20p to 0.24p and keeps a buy recommendation.
Read moreImagination Technology dives on smartphone slowdown
6th Mar 2014 08:45
FTSE 250-listed Imagination Technologies Group saw its share price plunge on Thursday after admitting a slowdown in the rate of smartphone market growth, together with a lower market share in the smartphone entry level segment. This caused unit shipments to fall behind expectations, and is not exp
Read moreImagination Tech partners up with Onkyo on audio development project
28th Feb 2014 14:35
FTSE 250-listed Imagination Technologies Group has partnered up with home entertainment firm Onkyo to collaborate on a new generation of wireless audio music streaming systems and the global expansion of audio. The focus of the partnership will be to "aggressively" expand wireless audio music strea
Read moreStocks rise as Yellen strikes balanced tone, tensions in China ease
11th Feb 2014 17:24
- Yellen: Tapering to continue as long as incoming data supports - Precious metal miners track metal prices higher - Retailers gain after economic data - Barclays drops seven per cent after 2013 results disappoint techMARK 2,836.39 +1.06% FTSE 100 6,672.66 +1.23% FTSE 250 16,078.28 +1.05% UK ma
Read moreInvestec sees 'battle royale' shaping up between Imagination and ARM
11th Feb 2014 15:59
Mediatek's announcement that its latest octa-core smartphone platform - the MT6595 - contained Imagination's graphics IP technology meant that the trend in Imagination's market share with that vendor was not a one-way street, broker Investec said. Also, the positive nature of the announcement was a
Read moreFTSE 250 movers: Miners provide a lift, retailers fall
7th Feb 2014 13:55
Mining stocks were among the best performers on the FTSE 250 on Friday as metal prices more or less rose across the board. Kenmare Resources, Vedanta Resources and EVRAZ were putting in decent gains. Copper prices, in particular, were up 0.5% at $3,245 a pound, heading for the biggest weekly gain (
Read moreFriday tips round-up: Imagination, Premier Oil, Smith&Nephew
7th Feb 2014 07:11
Shares of Imagination Technologies jumped on Thursday after it confirmed that Apple had opted to extend a long-running trading relationship with the firm which dates all the way back to 2007. The collaboration is an odd one, not least because the US outfit has an almost 9% stake in the firm. It bu
Read moreLondon close: Markets bounce back on ECB promise
6th Feb 2014 16:50
- ECB ready and willing to act - Vodafone and SuperGroup lead gains - All eyes on Friday´s US jobs report techMARK 2,779.24 +1.25% FTSE 100 6,558.28 +1.55% FTSE 250 15,789.91 +1.47% After a cautious start, UK markets pushed firmly into positive territory on Thursday after European Central Bank (EC
Read moreFTSE 250 movers: Supergroup shares keep advancing
6th Feb 2014 15:42
The share price of Imagination Technologies rocketed higher on Thursday morning after US tech giant Apple extended a 'multi-year, multi-use licence agreement' with the chip designer. The contract gives Apple access to Imagination's range of current and future PowerVR graphics and video IP cores, the
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