Tuesday broker round-up
20th Mar 2012 10:04
Aggreko: Credit Suisse raises target from 2,140p to 2,350p, neutral rating kept. ARM Holdings: BarCap upgrades from equal weight to overweight, target lifted from 700p to 725p; Investec upgrades from hold to buy, target lifted from 640p to 800p. Centrica: Nomura raises target from 340p to 350p, n
Read moreMisys could be first of many software house bids, broker says
19th Mar 2012 07:03
Financial software developer Misys has announced that it has reached agreement on the terms of a recommended 350p-per-share cash offer by Magic Bidco Limited, an investment vehicle indirectly owned by Vista Funds. This follows last week's news that the discussions with Temenos Group, long though of
Read moreGenus Finance Director sells 43,000 shares
14th Mar 2012 15:32
John Worby, Group Finance Director of Genus, the FTSE 250 animal genetics firm, has sold 43,000 shares, half of the amount he vested earlier this month. Worby sold 43,261 shares at 1,318.41p each for a total of £570,357. The sale was made further to the vesting of 86,523 conditional nil-cost share
Read moreTuesday broker round-up - UPDATE
13th Mar 2012 09:59
AstraZeneca: Panmure Gordon keeps buy rating and 3,600p target. Bellway: Credit Suisse maintains outperform rating. BG Group: Nomura raises target from 1,865p to 1,950p, buy rating kept. Computacenter: Panmure Gordon ups target from 490p to 501p, buy rating unchanged. Hays: Credit Suisse ups tar
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreSage snaps up payment processing provider
7th Feb 2012 13:17
Business software group Sage has announced that through its subsidiary Sage Pay Europe it has acquired Integral Computers, a cardholder present payment processing provider based in Ireland for a cash consideration of up to €20m (£16.7m). Integral provides services to retailers that have either stan
Read moreTuesday broker round-up - UPDATE
7th Feb 2012 10:14
Shire: Goldman Sachs reiterates 'conviction buy.' Misys: Berenberg Bank downgrades to hold from buy. BP: Nomura maintains neutral rating and 500p target. Cairn: UBS ups target from 291p to 370p, neutral rating kept; Credit Suisse ups target from 357p to 369p, neutral rating kept. Rio Tinto: Cred
Read moreLondon open: Cairn, financials weigh on Footsie
24th Jan 2012 08:32
UK stocks fell in early trading on Tuesday, giving up some gains made yesterday, as talks in Greece continue to drag on. Despite banks and other private institutions represented by the Institute of International Finance (IIF) having presented yesterday what they considered to be their "maximum offe
Read moreLondon pre-open: Greece talks give rise to caution amongst investors
24th Jan 2012 07:21
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,783, as investors take their lead from the US, which finished slightly lower on Monday evening ahead of developments in Europe, with talks entering a crucial stage in regards to Greece. Savings and investments
Read moreTaciturn Sage trading in line
24th Jan 2012 07:01
The new financial year has got off to a satisfactory start at accountancy software giant Sage, with trading since the beginning of October in line with expectations for the full year. "We are confident that the business priorities, on which we are focused to drive growth, will bear fruit as the ye
Read moreTuesday preview: PZ Cussons, Sage Group
23rd Jan 2012 15:26
'Imperial Leather' soap maker PZ Cussons issued a profit warning back in December so while Tuesday's interim figures are unlikely to make pleasant reading for shareholders, at least they have been forewarned. The firm said high raw material costs and adverse exchange rate movement had continued to
Read moreLondon open: Footsie nudges higher, Old Mutual rockets
15th Dec 2011 08:25
The Footsie opened moderately higher on Thursday morning, as the market attempts to claw back from yesterday's 2.25% sell-off. In economic news, the HSBC "flash" purchasing managers' index for the Chinese manufacturing sector rose to 49.0 in December from 47.7 the month before, according to the la
Read moreSage announces departure of Director of Strategy
15th Dec 2011 07:21
Business software group Sage is to say goodbye to its Director of Strategy and Corporate Development, David Clayton, in February next year. He had been with the firm since June 2004 and became an executive director in 2007 after which he sat on the Executive Committee. Commenting on his decision,
Read moreLondon close: Footsie at two-week high after central bank action
30th Nov 2011 16:32
Benchmark indices across Europe and the US were making gains of between 3-5% on Wednesday afternoon after a united move by central banks to ease conditions in the global financial system. The FTSE 100 in London finished over the 5,500 mark, a closing level it has not reached since 16 November. CENT
Read moreFTSE 100 Movers: Banks and miners soar on central bank moves
30th Nov 2011 15:08
Miners and banks have jumped on the actions taken by China and a host of central banks to improve liquidity conditions across the globe. News that the People's Bank of China had lowered the legal reserve requirement for Chinese banks by 50 basis points sent equities soaring back into positive terri
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