PRESS RELEASE: Micro Focus Unveils SilkPerformer CloudBurst for Load Testing from the Cloud
7th Jul 2010 14:05
New solution based on Micro Focus Enterprise Cloud Services allows organizations to emulate peak loads placed on Internet applications ROCKVILLE, Md.--(BUSINESS WIRE)--July 07, 2010-- Micro Focus(R) (LSE.MCRO.L), a leading provider of enterprise application modernization, testing and management
Read moreTechMARK movers: Directors add to Micro Focus stakes
2nd Jul 2010 14:42
Share buying by directors has pushed up shares in software company Micro Focus International. Chairman Kevin Loosemore has spent more than £800,000 on shares, while chief executive Nigel Clifford has invested £410,000. Ignis Investment Services has also taken a 5% stake. The share price fell fo
Read moreBroker tips: Diageo, Autonomy, Micro Focus
2nd Jul 2010 11:40
Nomura Securities has welcomed the finalisation of a 10-year funding agreement on pensions by drinks group Diageo and thinks the deal could open the door for the company to consider accelerating return of cash to shareholders. With the ratio of net debt to earnings before interest, tax, depreciatio
Read moreBroker snap: Micro Focus fall overdone
2nd Jul 2010 11:38
The purchase of £400,000 worth of Micro Focus shares by the company's chairman at the tail end of 29 June is a sign that the software firm's shares have fallen too far, according to Canaccord. The financial services firm notes that the company's shares have fallen a further 20% since well respected
Read moreMARKET TALK: Canaccord Adams Upgrades Micro Focus To Buy
2nd Jul 2010 10:23
0923 GMT [Dow Jones] Canaccord Adams upgrades Micro Focus International (MCRO.LN) to buy from hold. The share price has dropped by 20% since Micro Focus announced the resignation of its chief financial officer. But the market is over-reacting, says Canaccord. It expects the shares to bounce back as
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Jul 2010 10:23
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0923 GMT [Dow Jones] Canaccord Adams upgrades Micro Focus International (MCRO.LN) to buy from hold. The share price has d
Read moreFirst investment by JJB boss
1st Jul 2010 16:34
JJB Sports chief executive Keith Jones has bought his first shares in the sportswear retailer following the conclusion of its company voluntary arrangement (CVA). JJB said all claims have been dealt with and the supervisors of the CVA have served notices terminating the arrangements with effect fr
Read moreMicro Focus chairman takes advantage of price fall
30th Jun 2010 17:00
Micro Focus International has lost nearly one-fifth of its value over the past week following the departure of finance director Nick Bray and this has tempted the software company's chairman to invest just over £400,000. Kevin Loosemore bought 100,000 shares at 401.4p each, which takes his shareho
Read moreMARKET TALK: Citigroup Nudges Down Micro Focus Price Target
28th Jun 2010 10:32
0932 GMT [Dow Jones] Citigroup nudges down Micro Focus International (MCRO.LN) price target to 600p from 650p. Citi tempers its top-of-consensus forecasts, which were based on the brokerage's more bullish stance on growth in the testing business. Cuts '10 EPS forecast to 54.5p from 57.4p, 11 to 60.6
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
28th Jun 2010 10:32
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0932 GMT [Dow Jones] Citigroup nudges down Micro Focus International (MCRO.LN) price target to 600p from 650p. Citi temper
Read moreTechMARK movers: Micro Focus continues to fall
25th Jun 2010 15:47
Software company Micro Focus International continues to fall after yesterday's full year figures and the resignation of its finance director. The figures for the year to April 2010 were in line with expectations but they were overshadowed by the news that finance director Nick Bray is stepping down
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
25th Jun 2010 07:37
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0637 GMT [Dow Jones] Goldman Sachs cuts Micro Focus International (MCRO.LN) price target to 510p from 620p to reflect potenti
Read moreMARKET TALK: Goldman Sachs Cuts Micro Focus Price Target
25th Jun 2010 07:37
0637 GMT [Dow Jones] Goldman Sachs cuts Micro Focus International (MCRO.LN) price target to 510p from 620p to reflect potential execution risks. Says the departure of CFO Nick Bray is a big setback, and despite the sharp fall in the shares does not believe risk-reward is compelling. Notes Bray was o
Read moreFriday tips round-up: Petrofac, DS Smith, Micro Focus
25th Jun 2010 06:55
The big bet for Petrofac this year is on Turkmenistan. The oil and gas services company is already seen by the market as a safe haven while fallout from BP's disaster in the Gulf of Mexico buffets oil stocks. Its share price-earnings ratio is set to be about 17 times this year dropping to 14 next.
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
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