Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksImagination Technologies Group Share News (IMG)

  • There is currently no data for IMG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 250 movers: Imagination Technologies jumps after beating forecasts

Tue, 24th Jun 2014 15:22

Imagination Technologies rose strongly after its annual figures managed to beat analysts' forecasts despite a fall in profits. The company, which makes multimedia, communications and general purpose processors, also impressed the market on Tuesday by saying the demand for its Ensigma communications technology is "accelerating [...] driven by the emerging trends in the Internet of Things and home connectivity", as it continues to face a slowdown in the core smartphone market. Investec helped Al Noor Hospitals higher after reiterating its 'buy' rating and 1,170p price target. Meanwhile, Domino Printing was a heavy decliner despite meeting expectations in the first half with revenues up 11%, an acceleration from the 8% growth registered in the first quarter. However, it gave a cautious outlook saying "the board believes that results next year could be broadly similar to 2014 as a result of the competitive pricing environment in Asia and other developing markets and the need for additional investment in research and development."Croda International was also in the red after a profit warning from the group on the back of a strong pound. The company, which works in the consumer care, performance technologies and industrial chemicals markets, said it expects second quarter pre-tax profits to be around 8% below the first quarter and full-year profit to be lower than the previous year.Canaccord Genuity pushed bwin.party digital entertainment into the red after it cut its target from 145p to 112p.FTSE 250 - RisersImagination Technologies Group (IMG) 251.00p +7.49%Kazakhmys (KAZ) 318.70p +3.91%Evraz (EVR) 93.35p +3.72%Infinis Energy (INFI) 237.50p +2.28%AL Noor Hospitals Group (ANH) 995.50p +1.58%Wood Group (John) (WG.) 820.00p +1.36%Informa (INF) 489.00p +1.22%Howden Joinery Group (HWDN) 300.30p +1.21%LondonMetric Property (LMP) 135.00p +1.12%KCOM Group (KCOM) 92.75p +0.82%FTSE 250 - FallersDomino Printing Sciences (DNO) 595.00p -19.38%Croda International (CRDA) 2,221.00p -7.69%NMC Health (NMC) 441.30p -4.07%Fidessa Group (FDSA) 2,200.00p -3.80%CSR (CSR) 553.50p -3.57%Tullett Prebon (TLPR) 249.50p -3.48%Wetherspoon (J.D.) (JDW) 762.00p -3.36%Bodycote (BOY) 680.00p -3.13%Bwin.party Digital Entertainment (BPTY) 97.50p -2.89%Jardine Lloyd Thompson Group (JLT) 1,019.00p -2.77%NR
More News
16 Sep 2015 08:07

UPDATE 1-Apple-supplier Imagination warns of H1 loss on semiconductor slowdown

* Says units shipments and royalties miss forecasts * Sees stronger second half on new product launches * Says may not be enough to make up shortfall * Shares down more than 10 pct (Adds analyst reaction, shares) LONDON, Sept 16 (Reuters) - Imagination Technologies , the

Read more
16 Sep 2015 07:33

LONDON MARKET OPEN: Stocks Higher As Glencore Raises USD2.5 Billion

Read more
16 Sep 2015 07:19

LONDON BRIEFING: Glencore Shares Rise After Successful Placing

Read more
16 Sep 2015 06:49

Weak Quarter Likely To Push Imagination Technologies To Interim Loss

Read more
16 Sep 2015 06:14

Imagination Tech forecasts first-half loss after market weakens

LONDON, Sept 16 (Reuters) - Imagination Technologies , the British company that supplies graphics technology to Apple, forecast a surprise loss for its first half after the semiconductor market turned weaker in the June quarter. The company said overall unit shipments and royalty revenue fo

Read more
11 Sep 2015 15:03

AGM, EGM Calendar - Week Ahead

Read more
9 Sep 2015 15:11

Earnings, Trading Statements Calendar - Week Ahead

Read more
14 Aug 2015 07:02

Walker Greenbank Collaborates With Pure To Make Digital Radios

Read more
22 Jul 2015 06:51

BUZZ-European chip makers set for poor start on Apple read

** Dialog Semiconductor set for its worst open in 3 months after disappointing results from major customer Apple ** Apple shares down 7 pct after missing iPhone targets, forecast also weak ** Dialog called down 4-5 pct by brokers in pre-market ** Negatives expected for Imaginati

Read more
30 Jun 2015 09:36

Imagination Technologies on track for higher licensing revenues

LONDON, June 30 (Reuters) - Imagination Technologies , which provides graphics technology to Apple, said it was confident of achieving licensing revenue growth of 10 percent this year, a target which reassured investors after a downgrade last year. For the year to April 30, Imagination on T

Read more
30 Jun 2015 07:53

Imagination Technologies rises as investors welcome cost base guidance

Shares in chipmaker Imagination Technologies rose 3% on Tuesday after the company said it expects to see an increase in profitability in 2016, despite posting a wider loss for year to April 30. The company, whose chips are used in Apple devices, reported a pre-tax loss of £11.95m, up from £314,000 l

Read more
30 Jun 2015 07:15

Imagination Technologies Confident For Progress As Loss Widens

Read more
30 Jun 2015 06:35

LONDON MARKET PRE-OPEN: Likely Greek Default Weighs On Stock Futures

Read more
30 Jun 2015 06:01

LONDON MARKET EARLY CALL: Stocks Called Lower Expecting Greek Default

Read more
30 Jun 2015 05:38

CORRECT: Earnings, Trading Statements Calendar - Week Ahead

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.