Panmure underwhelmed with Sage's latest deal
21st Jul 2014 13:28
Panmure Gordon has said that its enthusiasm about Sage's purchase of a majority stake in Exact Software Deutschland "doesn't dazzle" as it kept a 'hold' rating on the accountancy software group. Sages said it is paying €16.25m for the German payroll business of Exact Holding to increase its payroll
Read moreBroker tips: Tesco, Babcock, Sage, Tullow Oil
21st Jul 2014 12:59
A profit warning from Tesco may result in more downgrades, but Shore Capital has upgraded its rating on the supermarket stock from 'sell' to 'hold' after the resignation of Chief Executive Officer Philip Clarke on Monday. "With this important development we sense that the market will broadly welcom
Read moreSage Group to acquire German payroll business
21st Jul 2014 08:03
FTSE 100-listed Sage Group has agreed a deal to acquire Exact Lohn, the German payroll business of Exact Holding, for £12.87m - a move that it anticipates will transform its own payroll business in Germany. The transaction, which is set to increase its payroll revenue to approximately €30m, will p
Read moreLondon pre-open: FTSE to inch higher amid global tensions
21st Jul 2014 07:45
A small rise in predicted for the FTSE this morning, as investors gear up for a busy week of updates from London's blue chips. City sources predict the FTSE 100 will open around three points above Friday's close of 6,749.45. Investors will be keeping a close eye on retail giant Tesco, which has an
Read moreWednesday broker round-up UPDATE
28th May 2014 09:57
Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE
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
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreFriday broker round-up UPDATE
16th May 2014 08:23
Ashcourt Rowan: N+1 Singer initiates with a target price of 231p and a buy recommendation. Bioquell: N+1 Singer cuts target price from 157p to 112p and downgrades to hold. Boohoo.com: Jefferies initiates with a target price of 68p and a buy recommendation. Capital & Regional: Numis upgrades from
Read moreLondon open: UK stocks retreat from 14-year high, BoE in focus
14th May 2014 08:43
- FTSE 100 pulls back after nearing record - BoE in focus ahead of inflation report - UK employment data due out - Compass unveils 1bn-pound cash return techMARK 2,798.34 -0.21% FTSE 100 6,857.97 -0.22% FTSE 250 16,046.94 +0.05% UK stocks declined on Wednesday morning as investors took profits aft
Read moreSage Chairman makes most of lower share price after CEO retirement news
9th May 2014 16:14
Sage Chairman Donald Brydon has purchased 15,000 shares in the company following the surprise announcement of the retirement of its Chief Executive Officer (CEO) by March next year. The FTSE-100 software firm saw its shares spiral following the news, despite it also reporting a 5% increase in half
Read moreFriday broker round-up UPDATE
9th May 2014 08:44
Advanced Medical Solutions: Numis ups target price from 105p to 121p and retains its hold recommendation. Arrow Global: Numis upgrades from add to buy with a target price of 285p. Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p. Barclays: Citi lowers target price f
Read moreLondon close: Barclays and ECB´s Draghi push Footsie higher
8th May 2014 16:59
- FTSE closes up 42.81 points to 6,839.25 - ECB signals possible rate action in June - MPC maintains bank rate - Barclays unveils further job cuts techMARK 2,807.39 +0.59% FTSE 100 6,839.25 +0.63% FTSE 250 15,968.51 +0.55% The City ended today's session on a positive note, buoyed by speeches from
Read moreFTSE 100 movers: Barclays job cuts lift City spirits and blue chips
8th May 2014 14:22
Barclays led London's blue chips higher after it pleased the City with plans to slash 14,000 jobs in 2014 across the group as it aimed to become a 'leaner, stronger' bank. Shares in the company were up 7.2 per cent to 260.75p at 15:05 on Thursday. In what it described as a "bold simplification" of
Read moreBroker tips: Barclays, HSBC, Sage, WM Morrison
8th May 2014 12:48
Investec has applauded Barclays' Group Strategy Update on Thursday, after the bank announced a new round of jobs cuts, mainly in its investment bank (IB), as part of its 'bold simplification'. "Barclays is already a low-risk, profitable bank, but today's 'reset' is about rightsizing the bank to ref
Read moreFX headwinds and CEO exit to weigh on Sage, says Numis
8th May 2014 10:38
Sage's first-half results were more or less in line with forecasts, but currency headwinds and the departure of Chief Executive Officer (CEO) Guy Berruyer are causes for concern, according to Numis Securities. The broker maintained a 'hold' rating and 420p target price for the accountancy software
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