Wednesday newspaper share tips: Tesco, Micro Focus
23rd Mar 2016 15:35
(ShareCast News) - A barrage of new initiatives from Tesco has helped steady the ship, but it will be some time before they yield fatter margins and the return of the dividend, the Financial Times's Lex column said. The grocer's recent launch of a new own-brand product range - mimicking those of the
Read moreMicro Focus in £150m placing to part-fund Serena buy
22nd Mar 2016 08:37
(ShareCast News) - Software product group Micro Focus said it was raising £150m in order to partially fund the acquisition of Serena Software. Micro Focus said it would buy Serena on a cash and debt free basis for an enterprise value of $540m (£377m) in cash, to be settled through the repayment Sere
Read moreGerman PMI in line as strong services offsets weak manufacturing
22nd Mar 2016 08:20
(ShareCast News) - Economic activity in Germany continued on a positive plane in March, with the strong services sector counterbalancing a the manufacturing industry's lowest rise in output since November 2014. A purchasing managers' index (PMI) survey from Markit/BME for the services sector came in
Read moreBig morning of board changes at Micro Focus
1st Feb 2016 08:27
(ShareCast News) - It was a big morning of changes at Micro Focus, with a number of board and executive movements - including the promotions of Stephen Murdoch and Nils Brauckmann to CEO of Micro Focus and CEO of SUSE respectively. The FTSE 250 firm said both Murdoch and Brauckmann would report to e
Read moreBofA Merrill Lynch lifts Sage on long-term growth
11th Jan 2016 13:50
(ShareCast News) - Software supplier Sage got a boost after Bank of America Merrill Lynch upgraded the stock to 'buy' from 'underperform' and lifted the price target to 660p from 400p. "We think CEO Kelly is building a better business than he inherited - through investment in product and go to marke
Read moreBroker tips: UK life insurers, Entertainment One, Micro Focus International
10th Dec 2015 15:38
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreFTSE 250 movers: Issues in Africa cause problems for Investec and PZ Cussons
10th Dec 2015 14:33
(ShareCast News) - The FTSE 250 continued to drop on Thursday, with the market down 52.17 points (0.30%) to 17,087.68 by mid-afternoon. Political events in South Arica caused Investec to plummet throughout the day. President Jacob Zuma on Wednesday evening fired the country's finance minister, Nhlan
Read moreInvestec retains buy on Micro Focus on hopes of cash returns
10th Dec 2015 10:14
(ShareCast News) - Micro Focus International delivered better-than-expected interim sales growth and operating cost figures, and net debt was converging towards the company's target, but the key attraction of the shares lay in its ability to return high volumes of cash in the medium-term, analysts a
Read moreAttachmate acquisition pays off for Micro Focus
10th Dec 2015 08:07
(ShareCast News) - Micro Focus International rocketed its way through the first half of the year, with its interim results showing impressive growth on Thursday morning. The FTSE 250-listed international software product group reported a massive 190.2% jump in revenue, to $604.5m (£398.26m), in the
Read moreMicro Focus expects dip in full-year revenue
24th Sep 2015 08:09
(ShareCast News) - Infrastructure software Micro Focus International said trading in the financial year has been in line with guidance. For the year to 30 April, the FTSE 250 group expects revenue to decline between 2% and 4% on a constant currency basis from the previous year. In a short statement
Read moreMicro Focus profit falls but revenue nearly doubles on Attachmate deal
8th Jul 2015 07:53
Software company Micro Focus posted a 3.4% fall in full-year net profit, partly due to costs associated with its $1.2bn acquisition of US rival Attachmate, although the same deal helped to almost double its revenue. For the year ended 30 April 2015, pre-tax profit fell to $91.4m from $138.4m, but re
Read moreLondon close: FTSE plunges 1.2% as winning streak ends on Greek fears
26th May 2015 16:35
Heavy losses in the mining, banking and sectors weighed heavily on UK stock markets on Tuesday, as uncertainty in Greece and mixed economic data from the States hammered risk appetite among investors. The FTSE 100, which had been trading with moderate losses for most of the day, experienced a sell-o
Read moreLondon midday: Banks and oil stocks drag Footsie lower after long weekend
26th May 2015 11:33
Greek uncertainty, interest rate speculation stateside and tonnes of US economic data ahead led to a nervous start in London following the long weekend. The FTSE 100, which settled at a two-week closing high of 7,031.72 on Friday, was down 0.23% at 7,015.37 by Tuesday midday. Concerns that Greece w
Read moreLondon open: Greek fears hit stocks as investors await US data barrage
26th May 2015 08:21
UK stocks slipped on Tuesday morning as investors started a shortened trading week on a cautious note ahead of a raft of economic data from the States. The FTSE 100 was down 0.58% at 6,991.11 early on with stocks in the banking and oil sectors providing a drag. Concerns that Greece will struggle to
Read moreLondon pre-open: Stocks set for positive start ahead of US data
26th May 2015 07:46
UK stock markets are expected to open higher following the long weekend ahead of a quiet morning for economic data, though things are scheduled to pick up later in the afternoon. City sources predict the FTSE 100 will open 16 points higher than Friday's close of 7,031.72. The index is clawing its wa
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