Broker snap: Sage a 'hold' ahead of interims, says Panmure
26th Apr 2013 12:44
Panmure Gordon has kept its 'hold' rating and 309p target price for accountancy software group Sage ahead of its interim results in May. "The mixture of a poor macro, on-going challenges in Europe, a punchy valuation, the share price ahead of our target price and downgrades from the peer group mean
Read moreThursday broker round-up UPDATE
18th Apr 2013 07:16
African Barrick Gold: Investec reduces target price from 315p to 286p keeping a hold recommendation. BHP Billiton: JP Morgan cuts target price from 2380p to 2330p, while leaving its neutral rating unchanged. Deutsche Bank lowers target price from 2350p to 2334p keeping a buy recommendation. Big Ye
Read moreSage Group completes disposals
21st Mar 2013 09:12
Accountancy software giant Sage Group has completed the sale of Sage ACT! and Sage Saleslogix to Swiftpage and Sage Nonprofit Solutions to Accel-KKR, following agreements made in February. The share price was 1.58% lower at 336.10p by 09:15. NR
Read moreLondon close: FTSE 100 breaches 6,500 despite mixed data
11th Mar 2013 16:30
The FTSE 100 breached the psychological barrier of 6,500 on Monday afternoon, hitting fresh five-year highs, though gains were only slight given a barrage of mixed economic data released earlier in the session. The fact that a number of benchmark indices around the globe are trading at (or close to
Read moreFTSE 100 movers: Banks decline on calls for operations to be divided
11th Mar 2013 15:09
Barclays and RBS were both in the biggest fallers after the Parliamentary Commission on Banking Standards called for British banks to be forced to divide its routine retail operations from investment operations. The panel is looking for ways to bring about banking reform as part of the Banking Refor
Read moreLondon midday: Markets cautious after mixed economic data
11th Mar 2013 11:46
The FTSE 100 was trading within a narrow range on Monday morning as traders remained cautious following a barrage of mixed economic data over the past few days. With indices across the globe trading at (or close to) record highs, markets are appearing to pause for breath after a strong run so far t
Read moreBroker tips: Sage, Anite, Ashtead
11th Mar 2013 11:10
Accountancy software giant Sage suffered a steep fall on Monday after Bank of America Merrill Lynch downgraded its rating for the stock from 'neutral' to 'underperform'. The broker said in a research note that investors should remain cautious as to whether Sage can pull off its move to cloud comput
Read moreBroker snap: Sage hit by Bank of America downgrade
11th Mar 2013 10:48
Accountancy software giant Sage suffered a steep fall on Monday after Bank of America Merrill Lynch downgraded its rating for the stock from 'neutral' to 'underperform'. The broker said in a research note that investors should remain cautious as to whether Sage can pull off its move to cloud comput
Read moreLondon open: Italian downgrade weighs on markets early on
11th Mar 2013 08:37
UK markets opened cautiously on Monday as sentiment was dampened by Fitch Ratings, which downgraded its credit rating for Italy in the aftermath of an inconclusive election. Fitch downgraded Italy to 'BBB+' from 'A-' and kept the outlook at 'negative', saying that last month's elections make it unl
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreFTSE 100 movers: Serco rises on target price shift
22nd Feb 2013 14:28
Serco Group was a strong riser after Citigroup shifted its target price from 670p to 680p reiterating a buy recommendation. The sale of Russian billionaire Mikhail Prokhorov's holding in Polyus Gold, a London-listed miner, has prompted speculation of a merger between Polyus and fellow miner Polyme
Read moreThursday broker round-up UPDATE
21st Feb 2013 08:02
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreMonday broker round-up UPDATE
18th Feb 2013 08:09
AMEC: Deutsche Bank cuts target price from 1350p to 1250p and stays with its buy recommendation. HSBC lowers target price from 1225p to 1200p keeping an overweight rating. Anglo American: Deutsche Bank moves target price from 2260p to 2290p and maintains a buy recommendation. HSBC upgrades to overw
Read moreSage disposes of seven non-core products
15th Feb 2013 11:32
Software giant The Sage Group is disposing of seven products it considers non-core units in a move to streamline business. The FTSE 100 company said it has reached an agreement to sell the products for an total price of £93.4m, of which £81.9m is payable in cash on completion. The items include
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