FTSE 250 movers: Cairn Energy climbs on oil discovery
7th Oct 2014 16:18
Oil and gas group Cairn Energy was a high riser on the FTSE 250 after discovering oil at its FAN-1 exploration well offshore Senegal, causing shares to surge. The find "materially upgrades the prospectivity" of the Sangomar Deep Block, the company said. Cineworld shares also climbed after it was ann
Read moreLondon midday: Mining gains offset by falls from airline, healthcare stocks
7th Oct 2014 11:36
Poor economic data was weighing on UK stocks on Tuesday, with decent gains in the mining sector offset by falls from airlines and pharmaceuticals. The FTSE 100 was trading 0.6% lower at 6,522 by around midday. Nervousness ahead of the start of third-quarter earnings season in the States was also ca
Read moreInvestec questions Spirent's new strategy after profit warning
7th Oct 2014 10:00
Investec has slashed its target for the shares of Spirent Communications by nearly a quarter, saying that a "period of drift is likely" after the telecoms testing group's profit warning of Tuesday. Lower demand in the US and China prompted Spirent to warn that revenues and profits in the third and f
Read moreTuesday broker round-up UPDATE
7th Oct 2014 09:45
African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation. Aggreko: Exane initiates with a target price of 1500p and an underperform rating. Amec: Liberum Capital cuts target price from 1035p to 908p staying with its sell recommendation. Antofagasta: Canacc
Read moreLondon open: UK stocks drop despite mining gains
7th Oct 2014 08:27
Strong gains in the UK mining sector weren't enough to keep London's FTSE 100 from slipping into the red on Tuesday morning. Indices across Europe were tracking a weak finish on Wall Street and a mixed performance on Asian markets overnight. The FTSE 100 was trading 0.6% lower at 6,526 within the o
Read moreLondon pre-open: Slight losses expected for FTSE at opening bell
7th Oct 2014 07:47
A slight drop is being predicted for London's blue chips, with a generally mixed picture anticipated for Europe as a whole. City sources predict the FTSE 100 will open around 10 points lower than yesterday's close of 6,563.65, ahead of what is expected to be another relatively quiet session. Alpari
Read moreSpirent warns on profits as demand dips in US and China
7th Oct 2014 07:16
Lower demand in the US and China has hit telecoms tester Spirent Communications, which warned that revenues and profits in the third and fourth quarters would be lower than previously guided. The FTSE 250 company said revenues for the third quarter would be "slightly below" $110.0m, having generated
Read moreSector movers: Tech stocks sparked by Imagination
17th Sep 2014 14:30
Technology stocks were on the rise on Wednesday as a well-received update from chipmaker Imagination Technologies gave the sector a boost. Imagination's shares were up 5.6% at 199.6p in afternoon trade after the company reassured investors that "progress will continue in line with its expectations"
Read moreSpirent expands mobile services through Danish acquisition
15th Sep 2014 07:46
Communications technology firm Spirent Communications said it intends to help operators improve their customer services through the acquisition of Danish group Mobilethink. Aarhus-headquartered Mobilethink provides mobile device management, device analytics and intelligence services. It also owns T
Read moreSpirent completes acquisition of Radvision tech business
5th Aug 2014 09:16
Telecommunications testing company Spirent Communications has completed the acquisition of assets of Radvision's technology business unit for $25m. Spirent has used existing cash resources to buy the Tel Aviv-based business, which provides a test suite for voice and video over IP communications. T
Read moreSpirent Communications reports first half growth
31st Jul 2014 10:59
Technology firm Spirent Communications said first half revenue rose 16% to $221m as acquisitions boosted growth. Adjusted operating profit came to $20.6m, down 13% from a year earlier, after an investment of $10.5m in product development and in sales and marketing. Adjusted basic earnings per shar
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreSpirent bolts on Israel's Radvision for $25m
2nd Jul 2014 07:45
Telecoms hardware testing group Spirent has agreed to acquire an Israeli voice-over-internet test specialist for $25m. Spirent is paying cash for the Technology Business Unit (TBU) of Tel Aviv-based Radvision, whose clients include developers of mobile chipsets, mobile devices and communications in
Read moreSpirent Comms Chairman adds £30,358-worth of shares to stake
29th May 2014 15:54
The Non-Executive Chairman of Spirent Communications has purchased £30,358-worth of shares in the FTSE 250-listed technology group. Alexander Walker acquired 30,000 shares at 101.19p each. He now holds a total of 213,014 shares. The deal comes around a month after the company delivered an impr
Read moreSector movers: Software and tech stocks lead gains
27th May 2014 14:34
Strong gains from AVEVA gave software stocks a boost on Tuesday, while ARM Holdings was providing a lift in the technology sector. AVEVA, which supplies engineering data and IT systems to power plants, shipping and energy facilities, beat forecasts with its annual results today, posting an 11% rise
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