Micro Focus ups divi but is cautious on revenue growth
21st Jun 2012 07:56
Legacy software specialist Micro Software delivered full year results in line with guidance, with licence fee growth offsetting a foreseen decline in maintenance revenues. Revenue in the year to the end of April was virtually unchanged at $434.8m from $436.1m a year earlier. Currency movements hel
Read moreMonday broker round-up - UPDATE
18th Jun 2012 08:20
Anglo American: UBS cuts target from 3,260p to 3,100p, buy recommendation maintained. Barclays: AlphaValue downgrades from buy to add, target kept at 230.2p; Nomura keeps neutral rating and 268p target. British American Tobacco: Citigroup retains buy rating. Essar Energy: Citigroup initiates cove
Read moreWeek Ahead: Elections, BoE minutes, Whitbread
15th Jun 2012 08:02
Unusually, focus next week will be more on polling stations than stock markets, with Greece, France and Egypt all holding elections over the week-end. The key one for the future of the Eurozone is Greece, although a Socialist victory in France could also have interesting repercussions for the futur
Read moreLondon close: US jobless data sparks late rally
10th May 2012 16:59
- US jobless claims boost buying late on - BoE keeps interest rates, QE unchanged - Miners shrug off China data as Greek concerns ease London's blue chips rallied in afternoon trade on Thursday after some better-than-expected US economic data and easing concerns about Greece helped to snap a three-
Read moreMicro Focus's earnings to be near top end
10th May 2012 08:04
Business software firm Micro Focus International said earnings for the financial year just ended will be near the top end of the range of forecasts from investment analysts who follow the company. Revenues for the year ended April 30th 2012 are set to be on a par with current market consensus, whi
Read moreLondon close: Stocks rally into long weekend
5th Apr 2012 16:36
- US jobless claims fall to lowest level since 2008 - BoE maintains Bank Rate and QE - Miners, Ashmore rise strongly in ahead of long weekend Stocks rallied in afternoon trade to push the FTSE 100 into positive territory after some upbeat jobless data from the US boosted sentiment. The Footsie dro
Read moreFTSE 250 movers: Micros Focus on the up following ratings upgrade
5th Apr 2012 15:10
Micro Focus was making gains after UBS raised its recommendation on the stock from neutral to buy and lifted its target price from 440p to 525p. Meanwhile, car and bike parts retailer Halfords took a hit after admitting its like-for-like sales were still heading south in 2012 albeit not as fast as
Read moreLondon midday: Footsie down after manufacturing data, BoE holds rates
5th Apr 2012 11:41
- BoE holds rates, QE - UK manufacturing in surprise decline - Financials lead Footsie lower, Ashmore bucks trend After a cautious start, the Footsie found its direction by mid-morning, falling steeply after some worse-than-expected domestic manufacturing data. Meanwhile, the Bank of England's po
Read moreLondon open: Stocks rebound after heavy sell-off
5th Apr 2012 08:28
- Market awaits BoE decision - Ashmore flying high after upgrade - Miners recover after sell-off yesterday London's blue chip index rose moderately in early trading on Thursday ahead of a long weekend, recovering after yesterday's sell-off. The Footsie fell 135 points, or 2.3%, yesterday on the ba
Read moreThursday broker round-up - UPDATE
5th Apr 2012 08:00
Antofagasta: AlphaValue upgrades from reduce to add, target cut from 1,233.6p to 1,211.5p. Aveva: Merchant Securities raises target from 1,785p to 1,800p, buy rating kept. Ashmore: UBS upgrades from neutral to buy, target lifted from 400p to 420p. Barclays: AlphaValue upgrades from reduced to add
Read moreMicro Focus expects stable performance in second half
22nd Feb 2012 07:41
Micro Focus International, the FTSE 250 business software firm, has said that trading in the three months ended January 31st was in line with management expectations. The group's net debt position at the end of the period was $156m (October 31st 2011: $47.6m), reflecting further good operational ca
Read moreThursday broker round-up - UPDATE
12th Jan 2012 09:08
Reckitt Benckiser: J.P. Morgan Cazenove downgrades to neutral from overweight. Tesco: Nomura reiterates buy rating and 500p target; Panmure Gordon cuts target from 500p to 440p, buy rating unchanged. Royal Bank of Scotland: Shore Capital reiterates sell. Tesco: Shore Capital downgrades to hold fr
Read moreMonday broker round-up - UPDATE
12th Dec 2011 09:30
Xstrata: UBS cuts target from 1,550p to 1,450p, buy rating unchanged AstraZeneca: Credit Suisse reiterates underperform rating and 2,600p target. Standard Chartered: Investec reduces target from 1,650p to 1,550p, hold rating maintained. British American Tobacco: Investec raises target from 3,100p
Read moreFTSE 250 Movers: PZ Cussons share price down the drain
8th Dec 2011 15:53
'Imperial Leather' soap maker PZ Cussons was the biggest faller after it warned that overall profit in the six months to the end of November will come in below expectations. The firm said high raw material costs and adverse exchange rate movement had continued to impact margins in the first half of
Read moreLondon close: Late bounce not enough, EU summit eyed
7th Dec 2011 16:46
The steady decline on the FTSE 100 since the morning proved too much, as a late bounce couldn't bring the blue chip index back into positive territory. Nevertheless, while the Footsie finished 22 points down it was still 45 points off its intraday low. Randgold Resources led the risers on Wednesday
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