Sage gains as it posts rise in third-quarter revenue, says on track for full year
22nd Jul 2015 08:52
(ShareCast News) - Shares in Sage rose after it said organic revenue rose by 6.6% in the first nine months of the year and reiterated its expectations for at least 6% organic growth for the full year. The business software company also said it was confident the business remains on course for full-ye
Read moreSage director buys shares
29th Jun 2015 15:11
An independent non-executive director at Sage Group bought some shares in the company on Monday. Neil Berkett, who is also the chairman of the Guardian Media Group, purchased 20,000 shares at an individual price of 531.18p, spending a total of £106,236. The company said last week it expects to main
Read moreLondon close: Stocks snap five-day winning streak as Greek hopes fade
25th Jun 2015 17:12
UK stock markets finished in the red for the first time in six days on Thursday after another Eurogroup meeting failed to result in a deal for Greece, leaving Athens one step closer to defaulting on its debts. The FTSE 100, which had hit a high of 6,869.04 in morning trade, settled 36.98 points lowe
Read moreThursday broker round-up
25th Jun 2015 16:55
ARM Holdings: Credit Suisse upgrades to outperform with a target of 1,300p. Admiral Group: Citi downgrades to sell with 1,335p target. Antofagasta: Stifel initiates at hold. Bellway: Jefferies upgrades to buy and raises target to 2,997p from 2,542p. LSE Group: RBS upgrades to outperform. Petrofa
Read moreFTSE 100 movers: Admiral hit by downgrade, Tesco higher on bid speculation
25th Jun 2015 13:29
UK stocks inched lower on Thursday as investors continued to fret over the Greek debt crisis, with creditors issuing an ultimatum to Prime Minister Alexis Tsipras. As of 14:00, the FTSE 100 was trading 0.3% lower at 6,825. Insurer Admiral declined after Citigroup downgraded the stock to 'sell' from
Read moreLondon midday: Stocks inch higher as Greek crisis comes down to the wire
25th Jun 2015 11:30
UK stock markets swung into positive territory on Thursday though gains were only modest as investors awaited further news on the Greek debt crisis, after creditors issued an ultimatum to Prime Minister Alexis Tsipras. As negotiations over the next tranche of bailout aid come down to the wire, lende
Read moreBroker Tips: Petrofac, Entertainment One, Admiral, Sage, Debenhams, Elementis
25th Jun 2015 10:43
Petrofac shares rose 3.2% on Thursday after Nomura upgraded the stock to 'buy' from 'neutral' and raised the price target to 1,130p from 765p. The broker said the valuation was undemanding in the context of an incrementally positive Middle East outlook and improved risk/reward of Integrated Energy S
Read moreSage rebounds from heavy losses; Investec upgrades to 'hold'
25th Jun 2015 09:41
Shares in software company Sage pushed up 1.2% on Thursday as Investec upgraded the stock, following sharp losses in the previous session on the back of its Capital Markets Day. Investec raised the stock to 'hold' from 'sell' and lifted the price target to 535p from 360p. "The capital markets day w
Read moreLondon close: UK markets hit two-week high despite Greek impasse
24th Jun 2015 16:24
Fading optimism over an imminent short-term funding deal for Greece didn't stop UK stocks from rising for the fifth straight day, as decent gains from a number of blue chips bolstered markets. The FTSE 100 ended the day up 0.15% at 6,844.80, its highest close since 11 June. Supermarket stocks, oil
Read moreSage drops sharply after chief projects
24th Jun 2015 16:19
Shares in Sage came off sharply after the company's chief told analysts not to expect an acceleration in the rate of top-line growth. Chief executive officer Stephen Kelly said the business software developer would "shift investment materially" over the next two to three years. He was speaking at t
Read moreTuesday broker round-up
9th Jun 2015 07:52
Reed Elsevier: Barclays ups target price to 1,225p and lifts recommendation to overweight from equal-weight. HSBC Holdings: Investec reiterates hold and 620p target. Bernstein keeps target price at 650p. Goldman Sachs places estimates under review. Credit Suisse reiterates underperform and 580p targ
Read moreSage'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
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