Micro Focus reports annual profit rise
19th Jun 2013 07:16
Micro Focus International reported a rise in annual pre-tax profits as the software products group kept a tight rein on costs. Pre-tax profit for the year ended April 30th came to $153.4m, up 5.1% from the previous year's $145.9m on a constant currency basis, largely as a result of reduced expense
Read moreThursday broker round-up UPDATE
13th Jun 2013 07:01
African Barrick Gold: Citi moves target price from 175p to 124p and maintains a sell recommendation. ASOS: Nomura raises target price from 2970p to 3400p keeping a neutral rating. Exane increases target price from 4200p to 5000p and retains its outperform rating. Citi ups target price from 4400p to
Read moreTuesday broker round-up UPDATE
9th Apr 2013 08:10
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Borders & Southern: Sanlam Securites shifts target price from 86.60p to 87.40p and leaves its buy recommendation unchanged. Britvic: Nomura raises target price from 480p to 540p keeping a buy reco
Read moreTuesday broker round-up UPDATE
26th Feb 2013 07:27
Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreThursday broker round-up UPDATE
21st Feb 2013 08:02
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva
Read moreNet debt doubles at IT company Micro Focus International
21st Feb 2013 07:34
In an interim management statement for the period from October 31st to February 21st, the company reported that trading had been "in line with management expectations". Nevertheless, net debt rose to 193.9m dollars on January 31st from 96.2m dollars at the end of the preceding quarter at software
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreFTSE 250 movers: Micro Focus leads the downside
18th Feb 2013 16:21
Micro Focus shares fell sharply on Monday, following news that it has acquired Orbix, Orbacus and Artix software product lines from Progress Software Corporation, following a month delay. The 15m dollar deal was made using cash from Micro Focus' existing banking facility, it said in a statement. A
Read moreLondon pre-open: Minimal gain expected in opening trade
18th Feb 2013 07:31
City sources predict the FTSE 100 will open up marginally higher from Friday's close of 6,328, with a gain of just three points expected. The coming week will see the flow of data or events on the macroeconomic front pick up, with the ´tempo´ building as the days pass, culminating with the Italian
Read moreMicro Focus buys software product lines after delay
18th Feb 2013 07:20
Micro Focus confirmed one of its subsidiaries has acquired Orbix, Orbacus and Artix software product lines from Progress Software Corporation, following a month delay. "Completion of the acquisition was delayed from January 21st 2013 awaiting certain contractual consents. Micro Focus now anticipate
Read moreTuesday broker round-up UPDATE
12th Feb 2013 07:24
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreMicro Focus International acquires Progress Software Corporation products
24th Dec 2012 07:33
Micro Focus International announced on Monday that one of its subsidiaries has agreed to acquire the intellectual property, assets and the assumption of liabilities associated with Progress Software Corporation software products. A total consideration of $15m will be paid in the transaction of Prog
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
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