Micro Focus reiterates full-year guidance after strong fourth quarter
26th May 2015 07:14
Software group Micro Focus has reiterated its guidance to treble annual revenues on the back of a strong finish to its financial year, helped by the first contribution from its merger with The Attachment Group (TAG). The company, which had already guided to combined pro-forma revenues of $1.3bn and
Read moreTuesday broker round-up
7th Apr 2015 11:59
Antofagasta: Jefferies reiterates buy. GlaxoSmithKline: Credit Suisse reiterates underperform and 1440p target. Micro Focus Intl.: Numis reiterates add and ups target price to 1,310p from 1,240p. Rockhopper Exploration: Canaccord Genuity starts coverage at buy and raises target to 190p from 180p.
Read moreMicro Focus reiterates full-year guidance, set to implement restructuring plan
7th Apr 2015 08:04
Software product provider Micro Focus International reiterated its full-year guidance on a constant currency basis it provided in December. The FTSE 250 group confirmed it expected pro-forma annual revenues to be $1.33bn (£890m) and combined pro-forma annual underlying earnings before interest, tax,
Read moreMicrofocus reports decrease in operating cash-flows
10th Dec 2014 22:25
Business application software developer Micro Focus saw a sharp drop in profits at the half-year stage, driven by a fall in licence sales. On a reported basis, statutory pre-tax profit ended 19% lower in the six months to 31 October, to reach $57.1m. That came as like-for-like sales on a reported ba
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreFTSE 250 movers: Balfour Beatty dives after warning on profits
29th Sep 2014 15:32
Balfour Beatty tumbled after it said its 2014 fiscal year results would be hurt by a profit shortfall of about £75m in its UK construction services division. The company conducted internal reviews which showed a further profit shortfall due to additional losses and write-downs across a number of con
Read moreMonday broker round-up UPDATE
29th Sep 2014 09:22
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 430p and stays with its hold recommendation. Numis upgrades from hold to add with a target price of 455p. Balfour Beatty: Westhouse Securities places its target price under review keeping a sell recommendation. Circle Holdi
Read moreLondon close: FTSE ended marginally lower as Scotland, Fed, Ukraine, China weigh
15th Sep 2014 17:05
The top tier index ended Monday's session marginally lower as strong gains by SABMiller helped to partially offset concerns about geopolitical tensions, the Scottish referendum, the latest Fed meeting and weak data from China. Ultimately, the FTSE closed 2.75 pionts lower at 6,804.21. "Trading in E
Read moreFTSE 250 movers: Micro Focus jumps on M&A news
15th Sep 2014 15:46
UK software group Micro Focus International is to merge with The Attachmate Group in a $2.4bn deal which "presents a rare opportunity to achieve a significant increase in the scale and breadth" of the business. The company also assured investors that its previously announced 60p-a-share (£84m) cash
Read moreLondon midday: M&A ramps up but weak Chinese data weighs on FTSE
15th Sep 2014 11:47
The UK stock market was poised to finish at their lowest level in more than three weeks on Monday despite a wave of M&A activity, as weak economic data from China dampened sentiment. Nervousness ahead of Wednesday's Federal Reserve policy meeting and a vote on Scottish independence were also limitin
Read moreLondon open: Stocks fall on Chinese data but M&A lifts SABMiller, Micro Focus
15th Sep 2014 08:38
A wave of M&A activity wasn't enough to keep UK stocks from slipping into the red on Monday morning, as weak Chinese data and nervousness about the upcoming Scottish referendum and the US policy decision dampened sentiment. SABMiller was rising strongly early on after a takeover offer for Heineken w
Read moreLondon pre-open: UK stocks expected to fall early on
15th Sep 2014 07:46
With the Scottish vote, violence from ISIS amd weak Chinese data all taking centre stage, the FTSE was expected to slide into the red at Monday's opening bell. City sources predict the FTSE 100 will open around 24 points lower than Friday's close of 6,806.96. "Global markets are facing up to a some
Read moreMicro Focus to merge with Attachmate Group in $2.4bn deal
15th Sep 2014 07:20
UK software group Micro Focus International is to merge with The Attachmate Group in a $2.4bn deal which "presents a rare opportunity to achieve a significant increase in the scale and breadth" of the business. The company also assured investors that its previously announced 60p-a-share (£84m) cash
Read moreTuesday broker round-up
19th Aug 2014 09:19
Amlin: Deutsche Bank cuts target price from 472p to 461p and reiterates a hold recommendation. Anglo Pacific: FinnCap lowers target price from 184p to 180p retaining a hold recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1057p to 1063p and keeps a buy recommendation. Libe
Read moreMicro Focus to return cash to investors as Q1 profit rises
14th Aug 2014 08:39
Software product group Micro Focus International posted flat first-half revenue, but said earnings had risen and pledged to return cash to investors. The FTSE 250 firm said revenue since 30 April matched the same period last year whilst earnings before interest, tax, depreciation and amortisation (
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