FTSE 250 movers: Imagination Tech plummets on cautious outlook
11th Dec 2013 16:17
The share price of chip group Imagination Technologies sank sharply on Wednesday after the firm said that shipment growth from its partners for the second half would be at a "slightly lower rate than previously seen", due to slowing growth in the higher-end smartphone market. Oxford Instruments was
Read moreOxford Instruments relieved as Andor board backs bid
11th Dec 2013 12:33
Concerns about a rival emerging to Oxford Instruments' takeover approach for Andor Technologies were put to bed late yesterday as the target company's board backed an improved offer. The FTSE 250 group has received irrevocable undertakings from Andor's directors, who own 4.25% of the shares, as we
Read moreLondon midday: Markets edge higher after US budget deal, Imagination plummets
11th Dec 2013 11:16
- US agrees on budget deal ahead of Friday deadline - RBS, Lloyds, StanChart lead banks lower - Imagination plummets on cautious guidance techMARK 2,683.01 +0.39% FTSE 100 6,537.76 +0.22% FTSE 250 15,471.94 +0.40% UK markets edged higher on Wednesday morning, with concerns over politician brinkman
Read moreAndor Technology unhappy with Oxford Instruments bid
2nd Dec 2013 07:27
The target of a takeover bid by technology group Oxford Instruments, Andor Technology, has expressed disappointment at Oxford's decision not to increase a 160m pounds bid for the firm. Andor, a scientific digital camera developer, said it may seek a higher bid from Oxford or pursue other options af
Read moreOxford Instruments confirms offer for Andor Technology
27th Nov 2013 14:41
Manufacturing and research company Oxford Instruments has confirmed its offer for Andor Technology of 500p per share in cash. FTSE 250 listed Oxford Instruments announced earlier in November that the two firms were in discussions, and has now completed due diligence. The offer is subject to the
Read moreWednesday tips round-up: Vodafone, Andor Technology, BSkyB
13th Nov 2013 07:18
Vodafone is increasingly being sized up as a potential merger and acquisition (M&A) target going forward. That at least is how markets interpreted its disclosure of an 18bn pound tax credit related to losses in Germany and Luxembourg. Nevertheless, most observers do not seem to believe that an event
Read moreLondon close: Markets finish flat after range-bound session
12th Nov 2013 16:19
- Markets rangebound ahead of Inflation Report - UK CPI falls to 13-month low - Taper speculation ramps up after comments from Fed officials techMARK 2,647.80 +0.27% FTSE 100 6,726.79 -0.02% FTSE 250 15,369.08 -0.33% Markets finished more or less flat on Tuesday afternoon after a fairly subdued se
Read moreFTSE 250 movers: Oxford Instruments leaps on Andor Tech talks
12th Nov 2013 15:15
Oxford Instruments surged after "significant strengthening" in its second-quarter results as it revealed it was in talks to acquire AIM-listed Andor Technology. Shares in TalkTalk leapt after the company upped its dividend for the first half and raised its full-year guidance. The group said it expe
Read moreLondon midday: Financials, miners drag markets lower
12th Nov 2013 11:42
- UK CPI falls to 13-month low - Dovish comments from ECB members - RBS taken off 'buy' list at Goldman techMARK 2,643.61 +0.11% FTSE 100 6,714.21 -0.21% FTSE 250 15,378.49 -0.27% Investors on Tuesday gave little reaction to a sharp fall in UK inflation as heavy falls in the banking and financial
Read moreOxford Instruments trading improves, makes offer for Andor
12th Nov 2013 07:54
- Sustained recovery in Q2 - Organic revenues down eight per cent - In talks with Andor about £166m offer Oxford Instruments saw a 'significant strengthening' in its second quarter results and revealed it was in talks to acquire AIM-listed Andor Technology. The FTSE 250-listed group had started it
Read moreFTSE 250 movers: Imagination Technologies boosted by new chip plans
15th Oct 2013 15:12
Imagination Technologies was topping the leaderboard on Tuesday. The previous day the group announced details of a new chip, based on its version of the MIPS Series 5 architecture. The news has impressed investors because the technology is able to challenge competitors such as ARM. Satellite and c
Read moreLondon close: FTSE 100 falls to two-week low
25th Sep 2013 16:41
Heavy falls from Carnival, Tesco and utility stocks weighed on the FTSE 100 on Wednesday while uncertainty over the US budget and Federal Reserve monetary policy continued to dampen sentiment. London's benchmark index finished 19.93 points lower at 6,551.53, a fall of 0.3% on the day. This was the
Read moreFTSE 250 movers: Workspace climbs on planning permission news
25th Sep 2013 15:54
Workspace Group, the business premises provider, was rising high on the news it has secured planning permission to redevelop its Canary Wharf business park. The group will replace existing light industrial space at its Poplar Business Park with a mix of business centre, apartment accommodation and s
Read moreLondon midday: Stocks lower on Fed uncertainty
25th Sep 2013 11:26
Markets were choppy on Wednesday but trading firmly in the red by midday as investors awaited economic data from the US amid the ongoing uncertainty surrounding Federal Reserve monetary policy. Recent mixed economic data and conflicting comments by Fed officials over recent days continue to muddy t
Read moreLondon open: US budget, Fed policy in focus as stocks fall
25th Sep 2013 08:43
Ongoing budget talks in the States and uncertainty surrounding Federal Reserve monetary policy continues to weigh on market sentiment, with stocks falling into the red on Wednesday morning. Markets across Europe were trading lower early on, following on from a weak session in Asia overnight and the
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