London close: Markets look to Fed for more stimulus
20th Jun 2012 16:32
-Greek forms new coalition government -MPC divided on more QE -Markets await the Fed decision later today News of the formation of a Greek coalition and hopes of further stimulus measures in the UK and the US gave stocks a lift on Wednesday afternoon. New Democracy leader Antonis Samaras was swor
Read moreFTSE 250 movers: Imagine, says Goldman
20th Jun 2012 15:56
Invensys has shot higher after the British maker of rail signaling and industrial automation systems told investors that it is evaluating options including a sale after Emerson Electric expressed interest in buying some or all of the company, people familiar with the situation told Bloomberg. Chip
Read moreFTSE 100 movers: Sage provides a lift after acquisition
20th Jun 2012 15:30
Accountancy software behemoth Sage Group was the best performer on the blue-chip index today after acquiring a majority interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil, for 125m pounds. Investec upgraded its rating on the stock today
Read moreBroker tips: Sage, ITV, MoneySupermarket.com
20th Jun 2012 11:27
Sage's acquisition of a majority stake in Folhamatic may be expensive, but it looks like a 'strategically sensible' deal, according to Investec which upgraded its recommendation on the stock from 'sell' to 'hold' on Wednesday morning. The broker said: "Clearly, growing by acquisitions make sense to
Read moreBroker snap: Investec upgrades Sage to 'hold'
20th Jun 2012 11:00
Sage's acquisition of a majority stake in Folhamatic may be expensive, but it looks like a 'strategically sensible' deal, according to Investec which upgraded its recommendation on the stock from 'sell' to 'hold' on Wednesday morning. A 75% interest in Folhamatic, the Brazilian provider of accounti
Read moreWednesday broker round-up
20th Jun 2012 09:21
Burberry: Nomura maintains buy recommendation and 1,530p target. Chariot Oil & Gas: Merchant Securities keeps buy rating and 232p target. Home Retail: HSBC downgrades to neutral, target cut from 110p to 100p. Imagination Tech: UBS cuts target from 480p to 470p, neutral rating unchanged. Internat
Read moreLondon open: Markets cautious ahead the Fed decision
20th Jun 2012 08:43
- Eyes on the MPC, Greece and FOMC - Ex-div stocks dampen Footsie - ITV gains on bid rumours The Footsie slight lower on Wednesday morning with investors showing caution ahead of what is likely to be a busy day on the macro-economic front; all eyes will be on the Bank of England (BoE), Greek leader
Read moreLondon pre-open: Cautious start expected ahead of a busy day
20th Jun 2012 07:28
City sources are predicting a tepid start on the FTSE 100, expecting the blue-chip index to open flat at around 5,586. Investors will be keeping a close eye on developments in Europe today, with Greek leaders set to form a coalition by midday, according to reports. Meanwhile, minutes from the lates
Read moreSage goes for a Brazilian
20th Jun 2012 07:01
Accountancy software behemoth Sage Group has acquired a controlling interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil. The UK company is paying £125m for a 75% stake in the company, equating to an enterprise value for 100% of the busi
Read moreTuesday broker round-up
19th Jun 2012 08:16
APR Energy: UBS slashes target from 860p to 690p, sell rating unchanged. BHP Billiton: Jefferies keeps buy rating. Bumi: JP Morgan Cazenove initiates coverage with buy rating and 520p target. Computacenter: UBS cuts target from 530p to 465p, buy recommendation kept. Dixons Retail: Bank of Americ
Read moreHobson to step down as Chairman of Sage
15th Jun 2012 07:22
Tony Hobson is to step down as Chairman of accountancy software behemoth Sage at the beginning of September, to be succeeded by Donald Brydon, currently Chairman of technology firm Smiths Group. Brydon, who is also Chairman of the Royal Mail Group, will join the board of Sage as a non-executive dir
Read moreThursday broker round-up
10th May 2012 09:28
Abcam: Canaccord Genuity reiterates hold recommendation and 370p target. Aveva: UBS upgrades from sell to neutral, 1,600p target unchanged. BAE Systems: AlphaValue upgrades from add to buy, target raised from 342.7p to 343.4p. BT: Jefferies keeps buy recommendation and 268p target; Nomura reitera
Read moreLondon close: Greece continues to weigh on stocks
9th May 2012 16:31
- Greek politics weighs on sentiment - Merkel tells Greece to stick to austerity - Sage, Weir fall heavily after updates London's blue chips rallied in afternoon trade after steep losses early on, but still finished well in the red on the back of concerns over the political situation in Greece. Com
Read moreFTSE 100 movers: ITV gains while Weir takes a hit
9th May 2012 15:14
Terrestrial broadcaster ITV was performing well after saying that its first-half net advertising revenues will be ahead of the market, thanks to an expected boost from the Euro 2012 football tournament. Revenues at Broadcasting & Online edged up a mere 1% to £440m in the first three months of 2012 f
Read moreLondon midday: Stocks tank again on euro worries
9th May 2012 11:36
- Weir and Sage fall heavily - ITV, Sainsbury, Glencore higher after updates - Footsie hits new YTD lows on euro concerns London's blue chip index had sunk to levels not seen since late December by Wednesday lunchtime, as political uncertainty in the Eurozone continues to cloud the outlook for the
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