Sector movers: Sage, AVEVA drag software sector lower
15th Jul 2013 14:58
Software stocks were in the red on Monday with steep falls from heavyweights Sage and AVEVA weighing on the sector as it pulled back from strong gains on Friday. Equities in the software sector rose at the end of last week after M&A activity prompted some bullish moves. Technology group Invensys co
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
Read moreFTSE 100 movers: Wolseley bounces back from slump
5th Jun 2013 14:43
Building materials group Wolseley rebounded Wednesday, a day after shares took a hammering when investors noted a slight slowdown in the US and ongoing weakness in Europe. Investors today seems to take greater notice of the group's 7.9% rise in third quarter trading profits to £150m, reported yeste
Read moreBodycote CEO reduces stake by 200,000 shares
22nd May 2013 16:19
Stephen Harris, the Chief Executive Officer of Bodycote, has reduced his stake in the in the heat treatment company with the sale of 200,000 shares. Each of the shares were sold at 546.50p for a total trade value of £1.09m. The transaction comes just under a month after the group posted a four pe
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreLondon midday: Stocks edge higher on improved outlook from BoE
15th May 2013 11:19
An improved outlook from the Bank of England (BoE) lifted UK markets into the blue by Wednesday lunchtime as investors shrugged off disappointing growth figures from the Eurozone and rising unemployment at home. The FTSE 100 was extending its recent winning streak to its 10th day after finishing Tu
Read moreLondon open: Eurozone GDP figures worry markets early on
15th May 2013 08:39
Worse-than-expected growth figures from Eurozone powerhouses Germany and France dampened market sentiment in London on Wednesday morning, as stocks pulled back after hitting fresh multiyear highs the day before. The FTSE 100 finished Tuesday's session at 6,686 after nine straight days in positive t
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreBroker snap: Sage stock is expensive, says Investec
8th May 2013 13:39
British software company Sage posted a six per cent increase in first half pre-tax profit of 184m pounds which met market forecasts. The company, which provides software to more than 6.0m small businesses, reported a 3.0% rise in underlying revenue as more customers subscribed to its accountancy pa
Read moreLondon midday: Slow grind higher continues
8th May 2013 11:41
Equities in London are continuing their slow grind higher, with the benchmark Footsie now gaining 19 points to the 6,576 point mark. That followed yesterday´s rise in the Dow Jones Industrial Average to above the 15,000 point mark for the first time in its 117 year history and stronger-than-expected
Read moreWednesday broker round-up UPDATE
8th May 2013 09:08
Altitude Group: WH Ireland initiates with a target price of 50p and a buy recommendation. Betfair Group: Deutsche Bank increases target price from 725p to 884p, while staying with its hold recommendation. Nomura raises target price from 766p to 883p and reiterates a neutral rating. Exane BNP ups ta
Read moreSage CFO announces plans to exit and take up role at WANDisco
8th May 2013 07:03
Sage Group, the FTSE 100 listed company which provides business management software, has announced that its Chief Financial Officer has given notice of his plan to leave to take up the same role at WANDisco. He will leave at the end of August this year, the company said, adding that it has started i
Read moreWeek ahead: All eyes on Sainsbury and Sage
3rd May 2013 16:00
Next week looks set to be somewhat quieter than the one just gone, partly because of the Bank Holiday on the Monday and partly because of less market-moving economic events that we have seen as of late, such as the rate cut in Europe and the all-important US jobs report. Nevertheless, a handful of
Read moreSage completes sale of four non-core assets
2nd May 2013 08:01
Business management software provider Sage has completed the sale of four of its non-core assets, namely C&I, ATL, Automotive and Aytos. The assets were sold as part of a seven-part deal which will earn the company £93.4m, the proceeds of which are being returned to shareholders. Sage has previo
Read moreBroker tips: Barclays, Sage, United Utilities
26th Apr 2013 12:49
Tradenext has recommended investors to pick up shares of banking giant Barclays at current levels, highlighting the company's M&A business and 'Transform Programme'. Barclays' shares dipped below 290p on Friday morning after rising to an intraday high of 305p on Wednesday after its first-quarter re
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