FTSE 100 movers: Unilever's Greek buy
28th Sep 2010 14:35
Unilever has followed up yesterday's £2.3bn acquisition of US-based Alberto Culver with a more modest deal to buy Greek company EVGA's ice cream brands. The brands include Scandal, Variete and Karabola. Unilever will also buy the distribution network but EVGA will continue to manufacture the ice c
Read moreLondon afternoon: Footsie becalmed
28th Sep 2010 14:12
Expectations of a firm start on Wall Street have lured buyers back into the market in London and the blue-chip index ended the lunch time session barely changed on the day. Hedge fund manager Man has been usurped as worst performing FTSE 100 stock by weapons systems developer BAE Systems. Defence f
Read moreTechMARK movers: Sage higher on bid rumours
28th Sep 2010 14:04
Accounting software supplier Sage continues to move higher on bid rumours. Capgemini has been suggested as a potential bidder. Psion is higher after it launched its first modular device, the Psion Omii XT10. Two automatic trades after 1pm sent Oxford Biomedica lower. The first was the sale of 9
Read moreLondon midday: Man leads London lower
28th Sep 2010 12:22
Confirmation that the UK economy grew 1.2% in the second quarter, its fastest pace in nine years, has done little to quell concerns about future economic growth, both here and abroad, and that prompted a subdued mood in London in the morning session. Hedge fund manager Man is the weakest of the bl
Read moreFTSE 100 movers: Positive reaction to Unilever deal
27th Sep 2010 12:52
Investors have reacted favourably to Unilever's $3.7bn (£2.3bn) purchase of Alberto Culver, the owner of such brands as TRESemmé, Nexxus, VO5, St Ives and Simple. Barclays Capital has launched research into Autonomy with an overweight rating and has Sage at equalweight. Vedanta Resources is high
Read moreHgCapital Beats Cinven For Bain's TeamSystem - Source
2nd Aug 2010 10:44
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Buyout firm HgCapital has beaten rival Cinven Group in bagging TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, a person familiar with the situation told Dow Jones Newswires on
Read moreSage Pulls Out Of Auction For Bain's TeamSystem - Source
30th Jul 2010 18:05
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--In a surprise move, Sage Group PLC (SGE.LN) has withdrawn from the auction for TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, a person familiar with the company told Dow Jones
Read moreThursday tips round-up: BP, BG, Sage
29th Jul 2010 06:08
BP unveiled a $32.2bn (£20.7bn) charge related to the oil spill on Tuesday. This is not a full and final figure for the costs involved in the catastrophe, but a rough assessment. The Telegraph feels that a hold rating on the shares is appropriate. If you want to put new money into the sector and gen
Read moreSage Group Seen As Frontrunner For Bain's TeamSystem -Sources
28th Jul 2010 17:15
By Marietta Cauchi and Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. software firm Sage Group PLC (SGE.LN) is the frontrunner in the auction for TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, people familiar with the co
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
28th Jul 2010 08:01
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0701 GMT [Dow Jones] Sage Group's (SGE.LN) 3Q update reads well, with reference to a small pick up in organic growth rates
Read moreMARKET TALK: Sage Group 3Q Reads Well - Trader
28th Jul 2010 08:01
0701 GMT [Dow Jones] Sage Group's (SGE.LN) 3Q update reads well, with reference to a small pick up in organic growth rates, says a trader. "Management is confident that the group's FY10 results would be in line with market expectations," adds trader. However, says organic growth is largely negative
Read moreSage sees improved growth trends
28th Jul 2010 07:42
Accountancy software provider Sage said it has seen improved growth trends in the third quarter. Full year results are anticipated to be in line with market expectations despite the macro-economic environment remaining uncertain. Chief executive Paul Walker said: "The good performance we reported
Read moreSage Group Sees FY In Line With Market Views
28th Jul 2010 07:21
LONDON (Dow Jones)--Sage Group PLC (SGE.LN), a global supplier of business management software and related products and services, said Wednesday that it was trading in-line with expectations, and have seen improving organic growth trends in the third quarter, adding that it expects full year results
Read moreLondon close: US gloom floors Footsie
16th Jul 2010 16:36
Footsie closed in the red going into the weekend despite a good start as early optimism in the US earnings season gave way to doubts. Results from banks Citigroup and Bank of America and the conglomerate GE were poorly received, sending US shares plunging. Here, BP climbed after saying that it ye
Read moreLondon afternoon: US drags Footsie lower
16th Jul 2010 14:57
Footsie has dipped into the red following a poor start on Wall Street on the back of poorly received company updates as the earnings season picks up pace. Results from banks Citigroup and Bank of America and the conglomerate GE have been poorly received, sending US shares plunging. Here, BP is hi
Read more