London midday: Markets cautious ahead of risk events, Syria action
4th Sep 2013 11:26
Traders adopted a cautious approach on Wednesday morning with UK stocks registering losses in morning trade ahead of a number of 'risk events' later in the week which have the potential to spark market volatility. Fears about impending US military action in Syria also hit investor sentiment today a
Read moreLondon open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
Read moreFTSE 250 movers: Ocado, Bumi, bwin.party, Evraz
30th Aug 2013 14:31
Ocado Group rallied as analysts pointed out the online grocer's strong performance since signing a deal with Morrisons to help the supermarket launch its shopping website. Bumi bounced back after reporting a loss on Thursday following news it was planning to change its name to Asia Resource Mineral
Read moreMicro Focus unveils proposal for 60p-a-share return
15th Aug 2013 07:07
Software developer Micro Focus International, has announced its plan to return 60p per share to stakeholders, despite continued warnings that exchange rates will have a negative impact on reported revenues for the current year. The proposed return, which was equal to a total of around £90m in cash
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreMicro Focus International agrees new banking facility
17th Jul 2013 09:06
Micro Focus International has agreed to a new 420m dollar banking facility which will be used in part to repay outstanding debt. The new four-year revolving credit facility with Barclays, Clydesdale, HSBC, Lloyds TSB, Santander and the Royal Bank of Scotland, will replace the existing $275m facilit
Read moreSector movers: M&A lifts software stocks on Invensys takeover speculation
12th Jul 2013 14:37
M&A activity gave the software and computer services sector a lift on Friday after technology firm Invensys became the target of a 3.3bn-pound takeover from French group Schneider Electric. Shares in Invensys were up nearly 16% in afternoon trade at 508.5p after it said it received a cash and paper
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
Read moreWednesday broker round-up UPDATE
26th Jun 2013 07:30
ACM Shipping Group: Espirito Santo increases target price from 150p to 185p keeping a buy recommendation. Afren: Canaccord Genuity moves target price from 210p to 220p and keeps a buy recommendation. Aggreko: Deutsche Bank cuts target price from 2250p to 2100p, while its buy recommendation remains
Read moreTuesday broker round-up UPDATE
25th Jun 2013 07:24
African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k
Read moreThursday tips round-up: SDL, Darty, Softbank
20th Jun 2013 06:37
SDL and Micro Focus International share an odd similarity in that both software companies need to be nursed back to health by former chairmen, The Times' Tempus column reported. However, they are quite different businesses in that SDL writes its own innovative software, while Micro Focus allows cust
Read moreFTSE 250 movers: Micro Focus, SDL and Imagination lead the risers
19th Jun 2013 14:11
Software products group Micro Focus International surged after its annual results unveiled a five per cent gain in pre-tax profit as it kept a tight rein on costs. Canaccord Genuity raised its target price for the stock from 800p to 820p this morning, keeping a 'buy' rating as it said: "These are a
Read moreLondon midday: Markets cautious as eyes remain fixed on Fed
19th Jun 2013 12:01
A decline in risk appetite meant that UK markets were in the red on Wednesday morning ahead of the all-important policy decision from the Federal Reserve due out later this evening. "Attention is firmly on the Fed's monetary policy decision and press conference later, with investors clearly concern
Read moreWednesday broker round-up UPDATE
19th Jun 2013 08:27
Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS
Read moreLondon open: Stocks fall as investors brace for Fed meeting
19th Jun 2013 08:09
Following strong gains the day before, markets opened lower on Wednesday morning as investors paused for breath in anticipation of the Federal Reserve policy decision due out this evening. "Despite the tranche of economic data due today, investors will probably be focused on Fed Chairman Ben Bernan
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