North America returns to growth for Sage
4th May 2011 07:17
Accountancy software firm Sage released interim figures that were ahead of some brokers' forecasts as its North American business returned to growth. Underlying profit before tax in the half-year ended 31 March rose 4% to £183.5m from £176.1m a year earlier. Underlying earnings per share (EPS) also
Read moreWednesday preview: Sage, Standard Chartered, L&G
3rd May 2011 17:38
Accountancy software firm Sage releases its interim results on Wednesday amid slight concerns that small to medium sized enterprises might be taking longer to upgrade their Sage products than has been the case in the past, as they wait to see whether the economic recovery is sustained. Matrix Group
Read moreLondon close: Shares soar as updates impress
20th Apr 2011 16:47
Optimism returned to the markets in a big way Wednesday as corporate results in the UK and overseas suggested global economic recovery is underway. The FTSE 100 stormed back above 6,000 points. Chip groups ARM Holdings and Imagination Technologies were strong performers after a bullish update from
Read moreLondon midday: FTSE 100 storms past 6,000
20th Apr 2011 12:03
The top share index has soared back above the 6,000 point mark, with some well-received corporate news here and overseas whetting traders' appetites. ARM Holdings is leading the FTSE 100 higher after a strong update from its US peer Intel, while miners move ahead as metals prices advance. Antofagas
Read moreLondon open: Stocks storm higher
20th Apr 2011 08:31
Stocks have stormed ahead in early dealings, helped by some bullish updates from big US companies after Wall Street closed last night. Chipmaker Intel and web portal giant Yahoo! were among the big hitters to impress traders. Here, Intel's peer ARM Holdings is leading the FTSE 100 higher, but it i
Read moreRamirez is Hobson's choice at Sage
20th Apr 2011 08:17
A change to the executive team at accounting software giant Sage has been forced on the company by the decision of Paul Stobart, head of the group's Northern Europe operations, to move on. Stobart, who has been with the group since 1996, will cease to be a director of Sage on 31 May 2011. Álvaro Ra
Read moreFTSE 100 movers: Ex-dividends dominate
9th Feb 2011 13:07
Footsie is down today but the fallers are dominated by shares going ex-dividend. They include International Power, GlaxoSmithkline, Royal Dutch Shell and Sage. International Power is paying a 92p a share special dividend as part of the merger with GDF Suez. The share price has fallen less than t
Read moreThursday tips round-up: Imperial Tobacco, Sage, ICAP...
3rd Feb 2011 06:44
There has been a shortage of good news for investors in Imperial Tobacco and other cigarette makers. Shares in the sector were hit recently by claims that the habit could die out within 40 years. There is little sign of that in Imperial's latest figures. Imperial plans to raise the ratio of earning
Read moreLondon pre-open: Buyers to dominate early action
26th Jan 2011 07:34
A late recovery on Wall Street last night and mixed performance in Asia looks like propelling London in the right direction this morning. A stronger than expected US consumer confidence report and some decent company results helped the Dow Jones erase most of its earlier losses, ending just 3 point
Read moreSage maintains momentum in first quarter
26th Jan 2011 07:03
Accountancy software group Sage's first quarter was in line with expectations flagged at last month's full-year numbers, keeping up the momentum in revenue growth seen in the second half. In a rather brief statement, the company said results for each of its regions matched forecasts, "with the impr
Read moreWednesday preview: Sage, WH Smith, BoE minutes
25th Jan 2011 08:34
Accountancy software group Sage issues its first quarter interim management statement on Wednesday. Panmure Gordon thinks it will be a "steady as she goes" announcement. "The company should make a comment on its financial position, (i.e. the pay down of net debt) and CEO Guy Berruyer is likely to
Read moreWeek Ahead: Astra, Sage, Britvic, US rate decision
21st Jan 2011 09:15
The spate of trading updates from retailers has almost dried up, leaving the field open to heavyweights from other sectors. Two of the big names from the utilities sector, United Utilities and Severn Trent, are due to report while from the oil sector Tullow and Cairn report late in the week. Accoun
Read moreBroker tips: Sage, William Hill, Land Securities
19th Jan 2011 11:51
Financial services firm Matrix says that property giant Land Securities looks the best value of the three large cap London/retail plays at present and places the stock in its 'add' category. The property group highlighted steady progress with lettings in its interim management statement on Wednesda
Read moreBroker snap: Sage is 'back in the game'
19th Jan 2011 10:26
Sage is "back in the game," according to Panmure Gordon, after Tuesday's launch of a new product set out its stall as a modern growth-orientated software business. Sage launched Sage One which offers three different services to small- to medium-sized enterprises and their accountants: cashbook (man
Read moreSector movers: Berkeley profit rise boosts housebuilders
3rd Dec 2010 16:24
Berkeley Group's numbers have given the home construction sector a lift. The London and south-east England focused housebuilder, has had a "strong" first half and thinks it can beat original expectations for the full-year. Profit before tax for the six months ended 31 October grew 18.5% to £61.6m
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