SDL warns of potential lawsuit costs
15th Oct 2012 07:07
Information management firm SDL warned ongoing litigation with a former Trados shareholder on the sale of Trados to SDL in 2005 could lead to costs of up to $3m. "The SDL board believes the case to be completely without merit. We anticipate that the case will progress to a court hearing in 2013," t
Read moreSDL non-exec takes up only holding in firm
24th Aug 2012 16:24
Mandy Gradden, a non-executive director of SDL, the FTSE 250 information management firm, bought up 7,500 shares on Thursday, just over a week after the company unveiled a 20 per cent leap in first-half revenues. Gradden's purchase, in which she bought the shares at 658p each for a total of £49,35
Read moreWednesday tips round-up: Standard Life, SDL, Groupon
15th Aug 2012 06:52
The UK's ageing population (the over 65s will grow from 16 per cent of the population a decade ago to 20 per cent in 2022, according to National Statistics) should be a boon to companies that can profit from retirement funding. Step forward the life assurers, with Standard Life and Legal and General
Read moreTuesday broker round-up
14th Aug 2012 09:29
BTG: Jefferies cuts target from 410p to 360p, hold rating kept. Capital & Counties: Jefferies initiates coverage with buy rating and 249p target. Centamin: Investec maintains buy rating and 95p target. Daily Mail & General Trust: UBS raises target from 380p to 465p, neutral rating kept. Dragon O
Read moreSDL acquisition drives first half profits
14th Aug 2012 07:39
Information management firm SDL reported growth in the first half but warned its customers were cautious due to the ongoing financial crisis. The firm said revenue had risen 20% to £133.6m as expected, with over the half the gain due to its purchase of marketing firm Alterian. Pre-tax profits were
Read moreFriday broker round-up
22nd Jun 2012 10:37
Ashtead: UBS raises target from 320p to 340p, buy rating unchanged. Avon Rubber: Investec downgrades to hold, keeps 315p target. BAE Systems: Investec downgrades to hold, target cut from 360p to 290p Bovis Homes: Liberum Capital downgrades to hold. Cobham: Investec downgrades to sell, target cut
Read moreSDL cautious but on track in first quarter
17th Apr 2012 07:39
Information management firm SDL said demand for its products remained stable as it updated the market on its first quarter performance. The firm said that both revenues and operating profit in the first three months of 2012 were in line with management expectations. "We do not yet see broad based
Read moreSDL announces a 13% rise in sales, led by USA
28th Feb 2012 10:19
Information management specialist SDL has today announced a 12% increase in its profit before tax (and the amortisation of intangibles) to £39.66m. The above on a 13% increase in sales to £229m, and a small improvement in the company's operating margins, to 14.6%, from 14.1% in 2010. The firm's n
Read moreTuesday broker round-up - UPDATE
28th Feb 2012 10:02
SABMiller: Nomura downgrades from buy to neutral, target increased from 2,600p to 2,700p. HSBC: Nomura cuts tagged from 725p to 650p, buy rating kept. Pearson: Nomura reiterates reduce rating and 1,200p target. Whitbread: Peel Hunt cuts target from 1,938p to 1,860p, buy rating kept; Nomura reiter
Read moreSDL completes Alterian deal
30th Jan 2012 07:59
Translation software firm SDL has bought marketing analytics firm Alterian for £69.7m. Alterian's software allows clients to monitor what their customers are interested in by analysing what they are looking at, and for how long, SDL hailed the deal as "an excellent strategic fit", combining Alerti
Read moreFTSE 250 movers: Afren tops the risers after discovery
17th Jan 2012 15:38
A big mover on the FTSE 250 today was oil and gas group Afren which was trading a whopping 13% higher in the afternoon after announced a new oil discovery offshore south-east Nigeria. The firm said that it encountered 549ft true vertical thickness of net oil pay and 41ft of net gas pay in "excelle
Read moreTuesday broker round-up - UPDATE
17th Jan 2012 09:15
IMI: Exane BNP upgrades to outperform from neutral. Smiths Group: Exane BNP upgrades to outperform from neutral. RBS: Shore Capital upgrades to hold from sell. Oriel reiterates buy. RSA Insurance: UBS labels short-term buy. Resolution: UBS upgrades to buy from neutral. Burberry: Nomura main
Read moreSDL expects to beat market views
17th Jan 2012 07:58
Computer translation firm SDL expects revenues and profits for the year ended 31 December 2011 to be slightly ahead of analyst expectations. Revenue is expected to be in a range of £228.5m to £229.0m compared with analyst consensus expectations of £228.3m. Pre-tax profit and amortisation of intang
Read moreLondon close: Stocks up 7.5% on the week on euro hopes
2nd Dec 2011 16:39
London's Footsie pared gains in the afternoon but still finished the day nearly 1% higher as easing fears over the Eurozone crisis kept the blue chip index firmly in positive territory. Despite closing some 50 points below the best levels of the day, the Footsie has gained 7.49% over the last week,
Read moreFTSE 250 Movers: SThree takes a dive
2nd Dec 2011 14:07
SThree, the specialist recruitment business, was the biggest faller after profits were seen to be slowing in the final quarter, however, with Q4 up only 10% compared to the equivalent period of 2010. Gross profits by the end of November were £195m versus a 2010 figure of £166.4m. In the UK profits
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