Jon has been reporting on stock markets for over twenty-five years for audio text companies (remember them?!), newswires, and websites. He helped set up MarketEye News for ICV/Topic in the 1990’s before moving on to become a Markets reporter at AFX News. After over 10 years, which saw him rise to the dizzy heights of Markets Editor at AFX, the firm’s acquisition by Thomson Corp and subsequent takeover of Reuters, he moved on in 2012. Prior to Proactive Investors, he was News Editor for thisismoney.co.uk, the Mail Online’s financial website.
The analysts pointed out the share price decline has come despite consensus 2017-19 EPS estimates rising by around 6-8% over the past month as a result of three bolt-on acquisitions
Among the blue chips, software company Micro Focus and accounting software provider Sage Group were among the biggest fallers, shedding 3.5% and 2.5% respectively
In its note to clients, Deutsche Bank repeated its ‘buy’ rating on Vodafone as it raised its target to 300p from 285p after hiking estimates following the firm’s full-year results
The broker’s analysts cut their stance on the FTSE 250-listed firm to ‘sell’ from ‘hold’ after chopping its target price by 37%, to 140p from 224p
Brickington Trading Ltd - a wholly-owned subsidiary of a trust of which Sagi is the ultimate beneficiary - said it had sold 36.5mln Playtech shares at a price of 924p each
A deal would combine two of the largest US providers of information technology management software and would be the biggest leveraged buyout since Dell's $24.4bn take-out in 2013
The AIM-listed Chinese technology, content and services company said the microsites will offer a combination of exclusive club content and unique promotions targeted at soccer fans across China
The AIM-listed firm said it had seen over US$25mln of new business awarded in the last two months as demand has picked up in Europe and Middle East.