FTSE 100 movers: Tesco slides after revising H1 guidance
22nd Sep 2014 14:48
The downside was led by supermarket giant Tesco after the group downwardly revised its profit forecast for the six months ended 23 August, saying it had previously overestimated it by £250m. The food retailer cited "accelerated recognition of commercial income" and "delayed accrual of costs" as the
Read moreSage acquires HR and payroll firm Paychoice
22nd Sep 2014 13:00
FTSE 100-listed Sage Group has taken ownership of Paychoice, which provides payroll and HR services for small and medium-sized businesses in the US. The group said the move accelerates its move to the Cloud by leveraging its software as a service (SaaS) platform. The £96.9m purchase is expected to
Read moreSector movers: Aveva profit warning sinks software stocks
12th Sep 2014 13:52
A profit warning from Aveva sent the UK-listed software sector firmly into the red on Friday with the FTSE 250 losing as much as a quarter of its value. The stock was down 24.6% in afternoon trade after Aveva added to the list of problems affecting its first-half results. Currency movements and the
Read moreTarsus exec tops up stake after recent share-price weakness
15th Aug 2014 15:31
Robert Ware, a non-executive director at Tarsus, has used the recent dip in the media group's share price to top up his stake. The business-to-business company, which works in the exhibitions, conferences, education, publishing and online media sectors, said that Ware purchased 5,750 shares at a pr
Read moreSage chairman shows support for new CEO
6th Aug 2014 17:01
After the confirmation that Stephen Kelly was to succeed Guy Berruyer as chief executive officer of Sage chairman Donald Brydon proved his confidence in the appointment with the purchase of £55,755 shares at 371.5p. The shares had peaked earlier in the year around 435p, with the stock price driftin
Read moreFTSE 100 movers: Pharma stocks drop as regulation looks to derail M&A
6th Aug 2014 14:26
Shire, the pharmaceutical group which has agreed to a £32bn takeover by Abbvie, saw its shares decline sharply on Wednesday on concerns that stricter rules on so-called 'tax inversion' in the States could scupper the deal. Sector peer Astrazeneca, which had recently been the target of a failed £69b
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreLondon open: UK stocks drop as Ukraine crisis intensifies
6th Aug 2014 09:10
- Russia builds up troop numbers along border - German factory orders slump 3.2% - Ex-div stocks fall, Sage rises after appointing new CEO techMARK 2,728.84 -0.47% FTSE 100 6,646.91 -0.53% FTSE 250 15,263.85 -0.57% UK stocks dropped on Wednesday morning as heightened geopolitical tensions hit risk
Read moreLondon pre-open: Ukraine crisis to send UK stocks lower early on
6th Aug 2014 07:46
Heightened tensions between Russia and Ukraine, a late sell-off on Wall Street and a surprise drop in German factory orders are expected to feed into a lower open for UK markets on Wednesday. City sources predict the FTSE 100 will open around 40 points lower than Tuesday's close of 6,682.48. After
Read moreSage appoints former Micro Focus boss Kelly as new CEO
6th Aug 2014 07:38
Accounting software group Sage appointed former Micro Focus boss Stephen Kelly as successor to longstanding chief executive Guy Berruyer. Kelly, who has most recently been head of efficiency and reform for the UK government, will take up the role from 5 November. He said it was "a great time to be
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreFTSE 100 movers: GlaxoSmithKline shares tank as drugmaker lowers outlook
23rd Jul 2014 14:31
The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to £5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to l
Read moreLondon midday: FTSE 100 tops 6,800 as earnings impress
23rd Jul 2014 12:08
- Capital, BHP, Renishaw rise strongly after results/updates - BoE votes unanimously on rates - Ukraine, Gaza still in focus but fears ease techMARK 2,833.96 +0.26% FTSE 100 6,816.83 +0.32% FTSE 250 15,696.15 +0.29% UK stocks were trading at their highest level in over two weeks on Wednesday as we
Read moreLondon open: Capita, BHP Billiton lead gains ahead of BoE minutes
23rd Jul 2014 09:03
- FTSE 100 on track for highest finish since July 7th - BoE minutes eyed amid rate-hike speculation - Capita gains after strong first half - BHP leads miners higher as production rises techMARK 2,836.01 +0.33% FTSE 100 6,799.25 +0.06% FTSE 250 15,704.44 +0.34% After an initial fall, UK stocks push
Read moreSage revenue momentum continues but payments provides caution
23rd Jul 2014 08:15
- 4.3% organic revenue growth in Q3 - 4.7% organic revenue growth YTD - Subscriptions strong, payments weak Sage has revealed its organic revenue growth slowed slightly to 4.3% in the third quarter, but that it expects growth to be much stronger in the final three months of its financial year. How
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