INTERVIEW: Micro Focus Has Great Future - Outgoing CFO
24th Jun 2010 15:36
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. software group Micro Focus International PLC (MCRO.LN), which posted strong results on Thursday, has a bright future with solid growth prospects, said Nick Bray, the outgoing chief financial officer, whose surprise departur
Read moreLondon afternoon: Utilities in demand
24th Jun 2010 14:23
Leading shares continued to pare losses over the lunch time session and though the Footsie remains in negative territory, much of that us due to the weakness of mining stocks. ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrataare the big losers in the sector as concerns about Europe's debt crisis resu
Read moreBroker tips: Glaxo, Micro Focus, DSG
24th Jun 2010 13:00
If GlaxoSmithKline pulls the trigger and launches its Lucozade brand in the US, it could be the key to unlocking shareholder value and rectify the stock's underperformance relative to fellow pharmaceuticals giant AstraZeneca, Panmure Gordon reckons. The size of the US market for soft drinks is arou
Read moreBroker snap: Micro Focus under the microscope
24th Jun 2010 12:58
Results from software house Micro Focus were robust but the market appears to have taken fright at the departure of finance director Nick Bray so soon after the appointment of a new chief executive officer. The two events are related, Panmure Gordon suggests, and though the broker said Bray will b
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
24th Jun 2010 12:37
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] 1137 GMT [Dow Jones] Evolution Securities downgrades Micro Focus International (MCRO.LN) to neutral from buy and places it
Read moreMARKET TALK: Evo Downgrades Micro Focus To Neutral From Buy
24th Jun 2010 12:37
1137 GMT [Dow Jones] Evolution Securities downgrades Micro Focus International (MCRO.LN) to neutral from buy and places its 602p price target under review. Says the unexpected departure of the company's chief financial officer is a major negative. Notes: "Nick Bray together with Stephen Kelly were t
Read moreLondon midday: Stocks off the bottom
24th Jun 2010 12:06
Leading stocks are off their lowest levels but the Footsie remains in the red with little hope of a boost in sentiment from Wall Street, where US stocks are expected to open moderately lower. Mining stocks are out of favour after an initially bright start. Early enthusiasm for miners was engendere
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
24th Jun 2010 10:24
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] 0924 GMT [Dow Jones] Micro Focus's (MCRO.LN) solid FY results will be overshadowed by CFO Nick Bray's resignation, UBS say
Read moreMARKET TALK: Micro Focus FY Overshadowed By CFO Departure
24th Jun 2010 10:24
0924 GMT [Dow Jones] Micro Focus's (MCRO.LN) solid FY results will be overshadowed by CFO Nick Bray's resignation, UBS says. "While not a complete surprise (as he was not made CEO), it is a negative given his strong stewardship of MF interregnum and the fact CEO Clifford only started on 1 May," brok
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
24th Jun 2010 09:32
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] 0832 GMT [Dow Jones] The departure of Micro Focus (MCRO.LN) CFO Nick Bray, possibly to a competitor, is likely to overshadow
Read moreMARKET TALK: Micro Focus CFO Departure May Overshadow Results
24th Jun 2010 09:32
0832 GMT [Dow Jones] The departure of Micro Focus (MCRO.LN) CFO Nick Bray, possibly to a competitor, is likely to overshadow the group's solid FY results, particularly given weaker-than-expected cash conversion, Piper Jaffray says. "Investors' first real opportunity to assess new CEO, Nigel Clifford
Read moreUPDATE: Micro Focus Shares Drop 11% After CFO Quits
24th Jun 2010 09:07
(Re-writes, adds management and analyst comments.) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Micro Focus International PLC (MCRO.LN) shares dropped 12% Thursday following the surprise departure of Chief Financial Officer Nick Bray, who is in talks with several compa
Read moreLondon open: Stocks in the red
24th Jun 2010 08:49
Having posted quick gains at the start, London's top stocks have reversed into the red. Miners are the main instigators for the decline with 9 out of the top ten fallers from the sector. Kazakhmys, Rio Tinto, Eurasian Natural Resources and Fresnillo are the biggest decliners so far. BP said the lo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
24th Jun 2010 07:45
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] 0645 GMT [Dow Jones] Micro Focus International's (MCRO.LN) FY results are fine, says Panmure Gordon. Notes the license sales
Read moreMARKET TALK: Micro Focus FY Results Fine - Panmure
24th Jun 2010 07:45
0645 GMT [Dow Jones] Micro Focus International's (MCRO.LN) FY results are fine, says Panmure Gordon. Notes the license sales are stronger than expected. Says Nick Bray resigning as chief financial officer is a disappointment, but the shares look cheap on Panmure's unaltered forecasts of 12.1xPE. Sha
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