London afternoon: Shares rally on QE hopes
8th Oct 2010 14:37
US jobless data proved to be much worse than expected, with non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged, but the 'glass half full' optimists have taken the view that this makes a resumption of economic stimulus by the Federal Reserve more
Read moreFTSE 100 movers: Broker changes move index
8th Oct 2010 13:18
Broker recommendations dominate the Footsie today. UBS has downgraded accountancy software supplier Sage from neutral to sell. Silver miner Fresnillo has also been downgraded, this time from neutral to underperform by Merrill Lynch. In contrast, HSBC has raised BAE Systems from neutral to overwe
Read moreTechMARK movers: Emblaze wins tax case
8th Oct 2010 13:05
Israel-based technology company Emblaze's UK subsidiary has won an appeal against the HMRC. The HMRC had withheld £8.8m of VAT repayments from a former subsidiary of the UK business. Emblaze was awarded costs but the HMRC still has the right to appeal. Emblaze says that after deducting costs an
Read moreLondon midday: Nervous wait for US jobs data
8th Oct 2010 12:25
The clock is ticking down on this afternoon's release of US non-farm payrolls data and the market is showing signs of nervousness, with the Footsie drifting back and in danger of slipping below 5600. Bank Barclays is down after PCP3, a vehicle linked to Man City owner Sheikh Mansour bin Zayed al-N
Read moreSunday press tips: Avocet, FirstGroup, Sage, perpetual bonds
3rd Oct 2010 14:15
Gold is an essential part of any portfolio, suggests the Sunday Telegraph's Questor, but the best time to buy the metal itself is when the price has dipped, which is clearly not the case at the moment. In Questor's view the best way to play gold at the moment is to buy gold companies that are inc
Read moreLondon close: Footsie rebounds as Wall Street recovers
28th Sep 2010 16:53
An upturn in the US buoyed sentiment on this side of the Atlantic too, helping Footsie to finish in the blue after a choppy day. The day started badly for London's leading share index but it. gradually recovered throughout the morning only to fall back after a poor start on Wall Street then rebound
Read moreFTSE 100 movers: Unilever's Greek buy
28th Sep 2010 14:35
Unilever has followed up yesterday's £2.3bn acquisition of US-based Alberto Culver with a more modest deal to buy Greek company EVGA's ice cream brands. The brands include Scandal, Variete and Karabola. Unilever will also buy the distribution network but EVGA will continue to manufacture the ice c
Read moreLondon afternoon: Footsie becalmed
28th Sep 2010 14:12
Expectations of a firm start on Wall Street have lured buyers back into the market in London and the blue-chip index ended the lunch time session barely changed on the day. Hedge fund manager Man has been usurped as worst performing FTSE 100 stock by weapons systems developer BAE Systems. Defence f
Read moreTechMARK movers: Sage higher on bid rumours
28th Sep 2010 14:04
Accounting software supplier Sage continues to move higher on bid rumours. Capgemini has been suggested as a potential bidder. Psion is higher after it launched its first modular device, the Psion Omii XT10. Two automatic trades after 1pm sent Oxford Biomedica lower. The first was the sale of 9
Read moreLondon midday: Man leads London lower
28th Sep 2010 12:22
Confirmation that the UK economy grew 1.2% in the second quarter, its fastest pace in nine years, has done little to quell concerns about future economic growth, both here and abroad, and that prompted a subdued mood in London in the morning session. Hedge fund manager Man is the weakest of the bl
Read moreFTSE 100 movers: Positive reaction to Unilever deal
27th Sep 2010 12:52
Investors have reacted favourably to Unilever's $3.7bn (£2.3bn) purchase of Alberto Culver, the owner of such brands as TRESemmé, Nexxus, VO5, St Ives and Simple. Barclays Capital has launched research into Autonomy with an overweight rating and has Sage at equalweight. Vedanta Resources is high
Read moreHgCapital Beats Cinven For Bain's TeamSystem - Source
2nd Aug 2010 10:44
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Buyout firm HgCapital has beaten rival Cinven Group in bagging TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, a person familiar with the situation told Dow Jones Newswires on
Read moreSage Pulls Out Of Auction For Bain's TeamSystem - Source
30th Jul 2010 18:05
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--In a surprise move, Sage Group PLC (SGE.LN) has withdrawn from the auction for TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, a person familiar with the company told Dow Jones
Read moreThursday tips round-up: BP, BG, Sage
29th Jul 2010 06:08
BP unveiled a $32.2bn (£20.7bn) charge related to the oil spill on Tuesday. This is not a full and final figure for the costs involved in the catastrophe, but a rough assessment. The Telegraph feels that a hold rating on the shares is appropriate. If you want to put new money into the sector and gen
Read moreSage Group Seen As Frontrunner For Bain's TeamSystem -Sources
28th Jul 2010 17:15
By Marietta Cauchi and Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. software firm Sage Group PLC (SGE.LN) is the frontrunner in the auction for TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, people familiar with the co
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