London midday: UK stocks flat amid central-bank speculation
22nd Oct 2014 11:42
UK stocks were broadly flat on Wednesday morning after jumping to a one-week high the previous session, as investors reacted to ongoing central-bank speculation and digested mixed corporate earnings. The FTSE 100 was down 0.05% at 6,369 by midday, with results from the likes of British American Toba
Read moreWednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
Read morePlaytech to beat forecasts after bumper Q3 continues in Q4
22nd Oct 2014 08:40
After a powerful performance in the third quarter continued into the fourth, Playtech said it was confident of beating market expectations for the full year. Boosted by the World Cup sports betting and strong continued growth from its casino business, total revenue hit £116.5m in the three months to
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read morePlaytech acquires VLT businesses from Aristocrat
2nd Sep 2014 10:39
Playtech has agreed to pay €10.5m to acquire the Norwegian and Italian Aristocrat Lotteries businesses of Aristocrat Leisure. Together they provide a server-based gaming platform for video lottery terminals (VLT) and Casino markets to a leading retail VLT operator in each country. The FTSE 250-l
Read moreBwin.party CEO and chairman show support after losses widen
29th Aug 2014 17:16
Purchases were made by both the chief executive officer and chairman of Bwin.party on Friday after the online gaming group posted wider first half losses. Chief executive Norbert Teufelberger acquired £206,203-worth of shares, paying 82.48p for each of the 250,000 shares. Chairman Philip Yea boug
Read moreFriday broker round-up UPDATE
29th Aug 2014 10:58
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read moreFriday tips round-up: Playtech, Unite Group
29th Aug 2014 08:39
Betting and gaming software provider Playtech's first half results showed the company is firing on almost all cylinders, but much is already baked into the share price, writes The Times's Tempus. Sales at its casino division rose by 29%, driven by multiple customer wins in various territories, acco
Read moreFTSE 250 movers: Playtech rises after boosting dividend
28th Aug 2014 16:15
Playtech shares rose strongly after the group reported a rise in revenue and boosted its interim dividend. It also confirmed several new contracts. Net assets doubled at IP Group, thanks to a £100m capital raising, the acquisition of Fusion IP and a big increase in the value of its portfolio compa
Read morePlaytech revenues up 21.2%
28th Aug 2014 15:21
Gaming software developer Playtech reported first half revenues of €214.4m, a 21.2% increase year-on-year and the company said profit was likely to exceed forecast this year. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) rose 28.2% to €97.6m for the period, whi
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreSector movers: Software and tech stocks lead gains
27th May 2014 14:34
Strong gains from AVEVA gave software stocks a boost on Tuesday, while ARM Holdings was providing a lift in the technology sector. AVEVA, which supplies engineering data and IT systems to power plants, shipping and energy facilities, beat forecasts with its annual results today, posting an 11% rise
Read morePlaytech upbeat at AGM, blames drop in shares on wider industry concerns
21st May 2014 07:51
The recent decline in the value of Playtech's share price is due to short-term concerns at a broader industry level, the software platform and content developer said at its annual general meeting on Wednesday morning. The group said it was continuing its strategy of organic development, joint vent
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