Sage ups full-year dividend
2nd Dec 2009 07:03
Newcastle-based accountancy software firm Sage upped its dividend and said conditions have stabilised in the second half. The total dividend has been increased by 3% to 7.43p per share (2008: 7.21p per share). The group said the rise is reflecting the strength of cash flows and its robust business
Read moreWednesday preview: Sage, Brewin Dolphin, Construction PMI
1st Dec 2009 15:13
Newcastle-based accountancy software firm Sage's full year results are likely to be in line with expectation but patchy. The group said at the third quarter stage that it was budgeting for continued tough trading conditions in the final quarter of its financial year. Its US division, in particular
Read moreWeek Ahead: Thomas Cook, TUI, Sage
27th Nov 2009 11:33
Package tour giants Thomas Cook and TUI Travel are both set to declare full year results next week. It has not been a great year in terms of demand for expensive foreign holidays but both companies have cut capacity in anticipation of reduced demand, plus there were signs of a last minute rush to
Read moreBroker tips: Income stocks, miners
23rd Oct 2009 13:13
US bank Citigroup has been casting its eye on income shares and reckons the sectors to focus on are telecoms and insurance, which look cheap when compared to banks and utilities. The US bank says UK equities still look good value on a dividend basis, and highlighted telecoms giant Vodafone and mini
Read moreBroker snap: Look to equities for income, Citi says
23rd Oct 2009 13:11
US bank Citigroup has been casting its eye on income shares and reckons the sectors to focus on are telecoms and insurance, which look cheap when compared to banks and utilities. The US bank says UK equities still look good value on a dividend basis, and highlighted telecoms giant Vodafone and mini
Read moreLondon close: Fed optimism bolsters Footsie gains
21st Aug 2009 16:31
Footsie finished with strong gains going into the weekend after US Federal Reserve chairman Ben Bernanke said prospects for a return to global growth look good. 'After contracting sharply over the past year, economic activity appears to be levelling out, both in the United States and abroad, and th
Read moreLondon afternoon: Footsie bursts through 4800
21st Aug 2009 14:15
Trading remains very thin in London but that has not stopped the Footsie from moving above the 4,800 level for the first time since October of last year. Insurance companies, with their huge investment portfolios, are naturally big beneficiaries of the continued market revival and they lead today
Read moreLondon midday: London's streak continues
21st Aug 2009 12:04
The wobble by global stock markets on Monday following last Friday's dismal US consumer sentiment figures seems a long time ago now as London looks well set to advance for the fourth day in a row. Insurance companies lead the advance in the wake of yesterday's surge by fallen US insurance giant AI
Read moreFTSE 100 movers: Intuit knocks stuffing out of Sage
21st Aug 2009 11:14
Intuit, a major US rival to accounting software firm Sage Group, announced a net loss of $70.7m for the three months to 31 July yesterday but, perhaps more importantly from the perspective of a Sage shareholder, it painted a gloomy picture of prospects for this year and next. Intuit's chief executi
Read moreWednesday tips round-up: Sage, Games Workshop, Arm
29th Jul 2009 06:43
Business software group Sage still looks solid enough, with good cash flows, and a cost-cutting drive to salvage margins. The group also pointed out that companies were not yet ditching contracts or trading down. The multiple of 11 times brokers' estimated earnings in 2009 looks about right, with a
Read moreLondon close: Footsie ends winning streak
28th Jul 2009 16:33
Footsie looked set to continue its 11-day winning streak but soon started a steady downward slide that saw it close sharply in the red. Software giant Sage led Footsie higher in early dealings, staging a relief rally on results that were in line with market expectations though it warned that market
Read moreLondon afternoon: Slide accelerates
28th Jul 2009 14:19
With wall Street expected to open lower, London moved further into the red over the lunchtime session, leaving the Footsie a sizeable deficit to make up if it is to set a new record for consecutive days of rises. Software giant Sage is doing its bit for Footsie, staging a relief rally on results th
Read moreFTSE 100 movers: Wise heads give Sage the nod
28th Jul 2009 13:32
Sage is the top riser on the FTSE 100 today on comments market conditions in the quarter ended 30 June 2009 have remained challenging but largely unchanged. Broker Evolution Securities was reassured by the trading update and has raised its rating from "sell" to "neutral" and upped its price target
Read moreBroker tips: BP, Sage, Pearson
28th Jul 2009 13:04
BP produced better than expected second quarter headline numbers but Panmure Gordon remains a seller, saying that the underlying numbers appear to be merely in line with market expectations. "Overall, the operating divisions' aggregate earnings were in line with expectations. However, the company b
Read moreBroker snap: Sage reassures
28th Jul 2009 12:43
Accountancy software giant Sage was the best performing FTSE stock on Tuesday morning though the rise appears to have been spurred by relief that the results were not worse than expectations. "There has been no significant change in market conditions during the quarter ended 30 June 2009 and we are
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