Broker snap: Sage isn't cheap, Investec recommends to 'hold'
16th Jul 2012 11:25
Investec has trimmed its target price for accountancy software group Sage from 247p to 243p and retained its 'hold' rating as European weakness continue to hold back sales growth. Sales were flat in the third quarter, compared to 1% growth in the first half. "With UK and Ireland still solid (+5% a
Read moreLondon open: China concerns dampen Footsie; G4S tanks
16th Jul 2012 08:35
- China's Wen dampens sentiment - Miners drop on Chinese worries, Nomura comments - G4S tumbles on Olympics contract loss estimates London's benchmark index opened slightly lower on Monday morning as comments from China's Premier weighed heavily on stocks in the mining sector. G4S also took a tumbl
Read moreLondon pre-open: Wen Jiabao's comments to limit gains
16th Jul 2012 07:30
City sources predict the FTSE 100 will open up four points from Friday's close of 5,666, largely ignoring huge advances seen in US trading on Friday after Chinese stocks took a big hit today. Premier Wen Jiabao sent investor sentiment in the region plunging after saying economic recovery in China is
Read moreSage waiting on Europe
16th Jul 2012 07:02
Accountancy software leviathan Sage has been trading broadly in line with expectations since the end of March but is still waiting for the looked-for pick-up in Europe to happen. "The main trends we highlighted at our interim results in May continue to be a feature of our trading performance," said
Read moreWeek Ahead: Sage, Vodafone, Kingfisher, BoE minutes
13th Jul 2012 14:09
Thursday is the big day for results next week with retail giants Sports Direct, Halfords, Kingfisher and Mothercare all set to update the market. Accountancy software behemoth Sage is first out to bat on Monday, however, with an interim management state (IMS) which will be followed on Tuesday with
Read moreFriday broker round-up
6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read moreSage finalises acquisition of Brazilian asset
26th Jun 2012 09:15
Sage Group, the FTSE 100 accountancy software company, has completed its acquistion of the controlling interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil. The UK company is paying £125m for a 75% stake in the firm, equating to an enter
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Read moreThursday broker round-up
21st Jun 2012 09:13
ARM Holdings: Investec maintains buy rating and 800p target. Ashtead: Jefferies ups target from 300p to 320p, buy rating retained. Bellway: Goldman Sachs downgrades to neutral. British Land: Societe Generale downgrades to sell. CRH: HSBC upgrades to overweight. Dignity: Goldman Sachs downgrades
Read moreLondon close: Markets look to Fed for more stimulus
20th Jun 2012 16:32
-Greek forms new coalition government -MPC divided on more QE -Markets await the Fed decision later today News of the formation of a Greek coalition and hopes of further stimulus measures in the UK and the US gave stocks a lift on Wednesday afternoon. New Democracy leader Antonis Samaras was swor
Read moreFTSE 250 movers: Imagine, says Goldman
20th Jun 2012 15:56
Invensys has shot higher after the British maker of rail signaling and industrial automation systems told investors that it is evaluating options including a sale after Emerson Electric expressed interest in buying some or all of the company, people familiar with the situation told Bloomberg. Chip
Read moreFTSE 100 movers: Sage provides a lift after acquisition
20th Jun 2012 15:30
Accountancy software behemoth Sage Group was the best performer on the blue-chip index today after acquiring a majority interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil, for 125m pounds. Investec upgraded its rating on the stock today
Read moreBroker tips: Sage, ITV, MoneySupermarket.com
20th Jun 2012 11:27
Sage's acquisition of a majority stake in Folhamatic may be expensive, but it looks like a 'strategically sensible' deal, according to Investec which upgraded its recommendation on the stock from 'sell' to 'hold' on Wednesday morning. The broker said: "Clearly, growing by acquisitions make sense to
Read moreBroker snap: Investec upgrades Sage to 'hold'
20th Jun 2012 11:00
Sage's acquisition of a majority stake in Folhamatic may be expensive, but it looks like a 'strategically sensible' deal, according to Investec which upgraded its recommendation on the stock from 'sell' to 'hold' on Wednesday morning. A 75% interest in Folhamatic, the Brazilian provider of accounti
Read moreWednesday broker round-up
20th Jun 2012 09:21
Burberry: Nomura maintains buy recommendation and 1,530p target. Chariot Oil & Gas: Merchant Securities keeps buy rating and 232p target. Home Retail: HSBC downgrades to neutral, target cut from 110p to 100p. Imagination Tech: UBS cuts target from 480p to 470p, neutral rating unchanged. Internat
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