Spirent Communications revenue improves in second half
27th Feb 2014 12:31
Technology group Spirent Communications reported a sequential half-year improvement in revenue of 17 per cent, although for the year as a whole it fell. The group attributed the decline to the intense competition in the data center market, a shift in spending to virtual and based services, lower p
Read moreThursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreSpirent Communications agrees to buy DAX Technologies
18th Feb 2014 07:47
Telecoms company Spirent Communications has agreed to buy DAX Technologies for 37m dollars. DAX, privately held by Dragos Alexe and others, provides software products, development, consulting and support services for IT and telecommunications. The firm's software includes DAX InTouch, which allow
Read moreSpirent Communications appoints new CFO
30th Jan 2014 10:11
Spirent Communications has appointed Rachel Whiting as Chief Financial Officer of the telecoms company. She replaces Eric Hutchinson who has taken over as Chief Executive Officer following the resignation of Bill Burns. Whiting will join the board as an Executive Director on February 1st and will
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreSector movers: Imagination, ARM weigh on tech stocks
23rd Jan 2014 15:28
Steep falls from microprocessor heavyweights Imaginations Technologies and ARM Holdings sent the UK technology sector lower on Thursday. Imagination was down 5.6% at 193.7p before the close of trade, as the stock pulled back after an impressive 25% run over the last month. Nevertheless, including
Read moreTuesday broker round-up UPDATE
21st Jan 2014 08:17
BG Group: Credit Suisse ups target price from 1170p to 1200p, while leaving its underperform rating unchanged. BHP Billiton: UBS lowers target price from 2090p to 2060p, while its buy recommendation is kept. Diageo: UBS cuts target price from 2050p to 2000p maintaining a neutral rating. DP World
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreLondon close: Markets fall after Draghi comments, supermarkets drop
9th Jan 2014 17:07
- Draghi says Eurozone recovery 'weak and modest' - BoE, ECB keep rates on hold - Morrison and Tesco disappoint with Christmas sales techMARK 2,774.65 -0.25% FTSE 100 6,691.34 -0.45% FTSE 250 15,948.97 -0.33% After a brief stint in positive territory, UK stocks sunk into the red on Thursday market
Read moreSector movers: Spirent, ARM, Imagination drag tech stocks lower
9th Jan 2014 16:17
A gloomy update from Spirent Communications and heavy falls from ARM Holdings and Imagination Technologies dragged the tech sector lower on Thursday. Telecoms testing group Spirent fell as much as 14% before the close of trade after warning that fourth-quarter sales were at the bottom end of guidan
Read moreFTSE 25 movers: Laird leads pack after 'significantly stronger' half
9th Jan 2014 14:57
Electronics components maker Laird led the FTSE 250's rise on Thursday as it expressed confidence it will hit full-year expectations after enjoying a 'significantly stronger' second half. The cost of restructuring to keep on top of market innovations offset the higher demand from smartphone and con
Read moreBroker tips: M&S, Morrison, ARM, Spirent
9th Jan 2014 11:33
Numis Securities has scaled back its profit forecasts for Marks & Spencer (M&S) after the High Street retailer missed expectations in its third quarter. The broker maintained a 'hold' rating and 450p target price for the stock. Investec also reduced its forecasts for M&S after the results, but upgr
Read moreLondon midday: Stocks edge higher as BoE holds rates
9th Jan 2014 11:33
- Morrison, Tesco disappoint with Christmas updates - M&S rallies after Investec comments despite Q3 miss - BoE holds rates, ECB expected to do the same techMARK 2,796.74 +0.54% FTSE 100 6,738.35 +0.25% FTSE 250 16,031.24 +0.18% After a slow start, UK markets were registering small gains by Thursd
Read moreSpirent restructures as Q4 revenues just make guidance
9th Jan 2014 10:57
- Q4 revenue at lower end of guidance - FY revenues down 12.6 per cent - Increased investment planned for restructure Telecoms testing group Spirent has warned fourth-quarter sales were at the bottom end of guidance, as slower US demand counterbalanced a strengthening in Asia and Europe. The FTS
Read moreBroker snap: Jefferies cuts Spirent Communications to 'hold'
9th Jan 2014 10:20
The share price of communications technology group Spirent Communications sank sharply on Thursday after the company confirmed that 2013 revenues would be much lower than the previous year. Analysts at Jefferies were also providing some downwards pressure on the stock after cutting their rating fro
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