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Tech stocks were the worst performers on Tuesday afternoon, falling in sympathy with US peer Hewlett-Packard which revealed a massive impairment charge in its quarterly results. H-P shares tanked Stateside after the opening bell today after was forced to take a $8.8bn impairment charge to write dow
Read moreAnglo American: Bank of America downgrades to neutral. Aberdeen Asset Management: Peel Hunt raises target to 350p from 300p, reiterates buy. Dairy Crest: Shore Capital downgrades to hold. Diploma: Panmure Gordon reiterates buy, takes target up to 500p from 440p. Filtronic: Panmure Gordon reit
Read moreAfrican Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreFiltronic, the manufacturer of microwave electronics products, has upgraded profit expectations for the second time in three months. The group said both its broadband and wireless divisions have done better than expected in the final few months of Filtronic's financial year, which runs to the end o
Read moreChip designer ARM Holdings was providing a boost in the technology hardware and equipment sector today, the best performing category of the day. ARM, which provides the intellectual property behind popular gadgets such as Apple's iPhones and iPads, saw fourth quarter sales figures come in well ahea
Read moreWireless telecoms products group Filtronic delivered an increase in half yearly sales as losses widened. Revenue from continuing operations for the six months ended 30 November 2011 rose to £10.5m compared with £7.3m for the same half a year earlier however pre-tax losses widened to £2.4m from a lo
Read moreLaurie McIlwee, finance director at Tesco, Britain's biggest retailer, has bought 13,617 ordinary shares at 364.8p. The £49,675 purchase brings McIlwee's total number of shares to 340,215. McIlwee joined the board at Tesco at the start of 2009, having undertaken previous roles within the comp
Read moreFiltronic the radio systems product maker, has raised £1.3m through a placing of shares at a small discount to the prevailing market price. Institutional investors and Filtronic's management are paying 22.5p per share to increase their stakes in the company. The placing will see Filtronic issue 3
Read moreThree days after its interim management statement for the quarter to December 2010 Renovo has shocked the market with news that scar treatment Juvista has failed to meet its goals in the phase III trial in Europe. The trial was for the use of Juvista in scar revision surgery. Renovo will have to a
Read moreA strong first half meant that shares in the document imaging company Kofax have jumped in price today. Revenues rose 20% to $121.7m in the six months to December 2010. Pre-tax profit from continuing operations soared from $1.6m to $18.1m. Kofax has cash to invest in acquisitions following the s
Read moreChip giant ARM Holdings is giving the technology hardware and equipment sector a boost today after booming demand for mobile phones, tablet computers and other low-powered devices meant 2010 saw the highest ever annual revenues, profits and cash generation. Filtronic shares are also on the rise des
Read moreAntisoma has lost nearly two-thirds of its value after its phase III trial for the AS1413 treatment for secondary acute myeloid leukaemia showed the drug to be ineffective. The data published from the trial shows that the drug is no better than the current standard and the drug is being dropped.
Read moreRadio systems products maker Filtronic said it generated a half year loss compared to a profit the same period a year earlier and warned of the likely loss of business following Ceragon Networks' acquisition of one of its key customers Nera Networks. "Preliminary discussions with Ceragon have yet
Read moreFiltronic has clawed back some of last week's decline triggered by worries about the loss of business with the recently acquired customer Nera Networks. Filtronic is a supplier of point-to-point communications equipment to Nera but its acquirer Ceragon is a competitor. The Filtronic share price is
Read moreSoftware firm Autonomy is winning new contracts and the latest two have boosted the share price today. There is a seven figure deal with a US law firm and a licence agreement with telecoms firm Verizon. Other contracts announced this week were with Ahold, Safeway and insurer Allstate. Autonomy als
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