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

Imagination Tech CEO steps down; warns of operating loss

Mon, 08th Feb 2016 07:13

LONDON, Feb 8 (Reuters) - Imagination Technologies,a supplier of graphics technology to Apple, said itschief executive Hossein Yassaie had quit, departing as theBritish company warned it would not make an operating profitthis year.

Non-executive director Andrew Heath had been appointedinterim chief executive, the company said on Monday, adding thatit would take steps to cut operating costs, including the saleof its loss-making digital radio business Pure.

(Reporting by Paul Sandle; editing by Kate Holton)

More News
16 Dec 2014 11:13

Imagination Technologies impresses Investec with margin guidance

Imagination Technologies' shares surged on Tuesday after the chip company beat forecasts with its first-half results and impressed with its outlook, prompting positive comments from Investec. The broker said that the interim figures were slightly ahead of its expectations with group revenues down ju

Read more
16 Dec 2014 10:39

UPDATE 1-Imagination Tech sees "significant" improvement ahead after profit fall

* H1 revenue falls a better-than-expected 3 pct * H1 adjusted pretax slumps 75 pct, reflecting higher investment * Shares up 12 pct (Adds CEO comments, analyst reaction, shares) By Paul Sandle LONDON, Dec 16 (Reuters) - Imagination Technologies, the British company that

Read more
16 Dec 2014 07:57

Imagination Technologies H1 in line, sees much stronger H2

Graphics and video microchip maker Imagination Technologies posted lower first-half revenue and profits, but reported good first-half progress and said the second six months should be much stronger. Imagination, which makes chips for the likes of Fujitsu, Intel, Texas Instruments and Toshiba, said g

Read more
16 Dec 2014 07:23

Imagination Tech sees better H2 after interim profit fall

LONDON, Dec 16 (Reuters) - Imagination Technologies, the British company that supplies graphics processing to Apple, reported a 75 percent drop in adjusted profit in the first half, reflecting heavy investment in its product line. The company said its now complete product line would help de

Read more
15 Dec 2014 18:12

Tuesday preview: Chinese manufacturing data ahead

The flow of economic data will pick up considerably tomorrow, with a raft of figures on the state of the global manufacturing sector scheduled for release. First out of the blocks will be the preliminary reading for the HSBC/Markit Chinese manufacturing sector purchasing managers' index for the mont

Read more
5 Nov 2014 08:22

Alent Says Trading In Line With Expectations; Taps New Chief Executive

Read more
30 Oct 2014 09:34

UK BROKER RATINGS: HSBC Upgrades Next To Overweight From Neutral

Read more
30 Oct 2014 08:36

Thursday broker round-up UPDATE

Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta

Read more
29 Oct 2014 09:41

UK BROKER RATINGS: Charles Stanley And Nomura Cut Standard Chartered

Read more
20 Oct 2014 13:52

Sector movers: Weak earnings from IBM weigh on UK tech stocks

Disappointing results from US tech titan IBM were weighing on hardware and equipment stocks this side of the Pond on Monday. IBM reported a profit of just two cents a share for the three months to 30 September, compared with $3.68 a year earlier, on revenues that declined to $22.4bn from $23.3bn. A

Read more
20 Oct 2014 08:35

UK BROKER RATINGS: Rolls-Royce Hit By Price Target Cuts

Read more
13 Oct 2014 08:25

BUZZ-ARM big faller as peers extend losses

** Chip designer ARM Holdings top faller on Britain's FTSE 100 on Monday, extending previous session's weakness which came on the heels of U.S. chipmaker Microchip Technology's sales warning. ** Microchip said quarter hurt by lower business activity in September, particularly in China. <

Read more
22 Sep 2014 23:29

ARM CEO defends chip technology connected to Nvidia legal fight

By Noel Randewich SAN JOSE, Calif., Sept 22 (Reuters) - ARM Holdings Chief Executive Officer Simon Segars on Monday defended the British chip designer's smartphone graphics technology connected to a patent suit by Nvidia Corp against Samsung Electronics and Qualcomm. This month, Nvid

Read more
19 Sep 2014 10:07

UK WINNERS & LOSERS: Scotland Boosts Banks But Mining Stocks Slump

Read more
19 Sep 2014 07:23

UK MORNING BRIEFING: "No" Victory Gets Strong Yes Vote From Market

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.