Sage's CEO buys £0.25m worth in shares after strong first-half results
14th May 2015 15:18
Sage's chief executive Stephen Kelly bought 46,2000 shares at 541p each, spending a total of £0.25m. Kelly, who has been in the role since November last year, said last week the group delivered a good first half performance and remains on track to meet its full-year targets. TalkTalk's chief execu
Read moreLondon close: Stocks erase gains despite Greek repayment, China rate cut
11th May 2015 16:40
After a positive start, UK stocks dropped into the red by the close on Monday despite positive news emanating from Greece, which has come good on its debt repayment to the International Monetary Fund (IMF). The FTSE 100 retreated 0.24% to 7,029.85 by the end of the session, having risen as high as 7
Read moreMonday broker round-up
11th May 2015 15:36
RBS: Credit Suisse reiterates underperform and 320p target. GlaxoSmithKline: Deutsche reiterates hold and lowers target to 1,540p from 1,600p. HSBC: Exane BNP reiterates underperform and 600p target. Lloyds: Credit Suisse reiterates neutral and 72p target. Sage Group: Goldman Sachs reiterates neu
Read moreGoldman Sachs ups target price for Sage
11th May 2015 14:24
Analysts at Goldman Sachs bumped up their estimates for the Sage following the company's latest interims. The payroll and accounts software designer reported an acceleration in interim revenues versus 5% growth seen in the prior year period. Unchanged guidance for organic growth of 6% in fiscal yea
Read moreThursday tips round-up: GlaxoSmithKline, Sage
7th May 2015 16:53
GlaxoSmithKline's decision not to proceed with the sale of part of its HIV unit, announced as part of its strategy update on 6 May, was the right one. It would pocket $10bn from such a sale but the unit is also the source of the quickest revenue growth at the company, with sales up 15% last year. Th
Read moreThursday broker round-up
7th May 2015 16:39
Morrison: Shore Capital reiterates buy. Direct Line Insurance Group: Canaccord Genuity reiterates buy and 350p target. BAE Systems: Charles Stanley reiterates accumulate. GlaxoSmithKline: UBS reiterates buy and 1,700p target. Aviva: Panmure Gordon reiterates buy and raises target to 660p from 600
Read moreLondon close: Stocks creep higher but risk appetite limited ahead of elections
6th May 2015 16:32
UK stocks finished a choppy session marginally in positive territory on Wednesday as investor risk appetite was curbed by pre-election uncertainty and cautious comments from Federal Reserve chair Janet Yellen. The FTSE 100 closed up 6.16 points (+0.09%) at 6,933.74, rebounding slightly after settlin
Read moreFTSE 100 movers: Sainsbury plummets on first loss in decade, miners lower
6th May 2015 13:24
Sainsbury's led the fallers after swinging to its first annual loss in a decade, though results still came in ahead of analysts' expectations. The grocer reported a pre-tax of £72m for the year ended March, compared with a £898m profit previously, prompting it to slash it full-year dividend by 23.7%
Read moreLondon midday: Stocks pare gains as election uncertainty kicks in
6th May 2015 11:30
UK stocks bounced off a one-month low on Wednesday though gains were quickly trimmed as mining stocks dropped into the red and Sainsbury's extended losses after an underwhelming annual report. The FTSE 100 was up just 0.11% at 6,935.50 by midday, having pulled back after reaching a high of 6,974.82
Read moreLondon open: FTSE bounces as corporate earnings impress
6th May 2015 08:27
UK stocks bounced on Wednesday morning as investors picked up bargains after the FTSE 100 dropped to a one-month low the previous session. Blue chips Imperial Tobacco, Legal & General and GKN were leading the rise after impressing investors with results, while Vodafone was boosted by a broker upgrad
Read moreFTSE 100 movers: Coca-cola fizzes up on Ukraine ceasefire, oil and gas lower
12th Feb 2015 14:31
Stocks exposed to Russia and Ukraine, such as Coca-Cola, rose strongly after a ceasefire was agreed between the two nations. The ceasefire will come into effect on Sunday and involves the withdrawal of heavy weapons from conflict areas. Mining group Rio Tinto gained as it pledged to return nearly $6
Read moreFTSE 100 movers: Experian boosted by new growth strategy, Anglo disappoints with 2015 guidance
28th Jan 2015 13:35
Credit-checking firm Experian was a high riser after unveiling an unexpected $600m share buyback and outlining plans to "deliver annual average growth in organic revenue in the mid-single digit range". The company also said it has the potential for "strong growth" in earnings per share. Copper miner
Read moreLondon midday: Stocks erase gains as Greek fears rattle markets
28th Jan 2015 11:47
After a positive start, UK stocks had dropped into the red by Wednesday lunchtime with nerves surrounding Greek politics dampening sentiment, as investors awaited a policy decision later on by the US central bank. London's FTSE 100 was down 0.2% at 6,797 by midday, pulling back after reaching an int
Read moreSage Group makes "solid start" as Q1 organic revenues rise 5.3%
28th Jan 2015 07:02
Business management software group Sage said it made a "solid start" to the new financial year and remains on track to hit its growth targets. The company, which provides small and medium-sized businesses software for accounting, payroll and payments, reported a 5.3% increase in group organic revenu
Read moreLondon pre-open: Strong start expected after Apple and Yahoo impress
28th Jan 2015 07:01
A strong showing by US tech giant Apple and internet titan Yahoo after the closing bell on Wall Street is expected to filter into a positive open in London on Wednesday. City sources expect the FTSE 100 to open 50 points higher than Tuesday's close of 6,811.61. Apple's shares jumped after the close
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