Thursday broker round-up
7th Jun 2012 09:23
Barclays: Deutsche Bank retains buy rating and 295p target. Burberry: Credit Suisse upgrades to outperform, target lifted from 1,420p to 1,650p. Centamin: Nomrua upgrades from neutral to buy, target lifted from 100p to 130p. Circle Oil: Investec cuts target from 90p to 86p, buy rating maintained.
Read moreTuesday broker round-up
24th Apr 2012 09:27
ARM Holdings: Nomura maintains neutral rating and 600p target. Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target. Barclays: Investec maintains buy rating and 240p target. BBA Aviation: Jefferies keeps buy rating and 250p tar
Read moreCable and Wireless Comms CEO stocks up
12th Mar 2012 15:33
Tony Rice, the Chief Executive Officer of Cable and Wireless Commnutications, has bought up a chunk of shares in the firm, taking advantage of the stock's ongoing decreased share price. Rice, who last year earned $1.08m in a basic pay, cash bonuses of $466,000, and $2.6m from the firm's five-year
Read moreTuesday tips round-up: Bunzl, Staffline, Microgen...
28th Feb 2012 06:52
In the Times, Tempus is tempted by a scoop of non-food products goliath, Bunzl, whose plastic spoons, bags and cleaning products are in high demand in the US, Brazil and Australia. The company likes to grow by making small acquisitions of family owned companies, the strategy seems to be working, w
Read moreLancashire's president sells £1.39m worth of shares
9th Nov 2011 16:32
The president of Lancashire Holdings, the FTSE 250 insurance broker, has sold 330,000 shares in the firm less than one week after the firm paid a special dividend following a "solid performance". Neil McConachie, who joined the firm in February 2006, sold 100,000 shares at 732p, 150,000 at £7.50 a
Read moreMicrogen to beat expectations in first half
7th Jul 2011 13:35
Shares in Microgen rose by 7% on Thursday after the software provider said that its first half performance is anticipated to be ahead of its expectations. The group - which operates through two divisions, Microgen Aptitude Solutions and Financial Systems - said its expects earnings for the full yea
Read moreMicrogen shows enterprise growth
24th Feb 2011 16:29
Software provider Microgen produced strong figures thanks to the growth of its enterprise software business. Revenue from continuing operations rose 16% to £33.7m in 2010 but all of the growth came from the Microgen Aptitude Solutions division. The core customer base is in the financial, media an
Read moreTechMARK movers: Microgen pleases market
24th Feb 2011 13:29
Full year figures from software provider Microgen were well received making it one of the few risers on TechMARK today. Revenue from continuing operations rose 16% to £33.7m in 2010 but all of the growth came from the Microgen Aptitude Solutions division. The financial systems software division's
Read moreSmall caps round-up: Omega, Edenville, Vatukoula ...
10th Jan 2011 09:20
Omega Insurance Holdings has confirmed press speculation that it has received an unsolicited bid approach from Canopius Group. Canopius is proposing a cash plus shares offer for Omega. Last Friday Omega increased its estimate of the loss is likely to suffer from the New Zealand earthquake from $6.
Read moreWednesday tips round-up: Arm, Pearson, Braemar Shipping...
27th Oct 2010 06:43
When your shares are trading on more than 45 times' this year's earnings, a degree of investor nervousness is inevitable. So yesterday's plunge in ARM Holdings was more a case of the market trying to find reasons to sell and take some profits. ARM investors have had to live with sky-high valuations
Read moreSmall caps round-up: Bango, Faroe Petroleum, Intellego...
26th Oct 2010 11:31
Mobile payments group Bango has announced that it expect profits for the year ending 31 March 2011 to be below current market consensus. While numbers in the first half were in line with expectations, the profits downgrade is due to agreements between Bango and existing customers taking longer than
Read moreMicrogen to reward shareholders
22nd Jul 2010 16:26
Business software company Microgen is planning to return up to £10m to shareholders after a strong performance in the first half of 2010. Profit in the first six months of 2010 rose to £2.69m from £1.96m the year before on revenue that grew to £16.15m from £13.60m. Recurring revenues improved to £8
Read moreTechMARK movers: Loss warning from Parity
22nd Jul 2010 15:31
IT services provider Parity Group says that its core business has lost money on fixed-price contracts and it needs to reduce costs to be competitive. Parity says it plans to withdraw from large fixed-price projects. Parity expects to report a first half operating loss of £1m including the costs of
Read moreMicrogen 1H Pretax Profit GBP3.7M On Revenue GBP16.1M
22nd Jul 2010 07:38
LONDON (Dow Jones)--Microgen PLC (MCGN.LN), a provider of information technology services and solutions, said Thursday that for the six months ended June 30, it made a pretax profit of GBP3.7 million on revenue of GBP16.1 million. MAIN FACTS: -Revenue from continuing operations of GBP16.1 mi
Read morePRESS RELEASE: Swiss Re Goes Live with Global Microgen Implementation
20th Jul 2010 09:30
LONDON--(BUSINESS WIRE)--July 20, 2010-- Microgen (LSE:MCGN) has today announced that Swiss Re, a leading reinsurer, has successfully gone live with the Microgen Accounting Hub and Microgen Aptitude. The worldwide deployment is a key element of Swiss Re's drive to consolidate and standardise its
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