19 Sep 2014 05:25
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Don't have an account? Click here to register.Imagination Technologies rockets as Tsinghua buys 3% stake
Mon, 09th May 2016 09:50
(ShareCast News) - Shares in Imagination Technologies rocketed on Monday after it revealed Chinese state-backed conglomerate Tsinghua Unigroup International acquired a 3% stake in the London-listed chip designer.Tsinghua Unigroup, which is part of Tsinghua University and owns stakes in Western Digital Corp and Powertech Technology Inc, tried and failed to acquire US-based Micron Technology last year.Meanwhile, Apple confirmed back in March that it had held takeover talks with Imagination Technologies, which designs chips for the US tech giant.However, Apple said it did not plan to make an offer for Imagination.At 1140 BST, IMG shares were up 13% to 170.75p.Atif Latif, director of trading at Guardian Stockbrokers, said this was welcome news for IMG, which has recently suffered a tough time due to weakness in the overall sector."With the miss on Apple numbers recently, IMG has continued to weaken as a read-across but we still continue to see absolute upside given the discounted valuation the market currently prices in," he said.
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18 Sep 2014 15:23
18 Sep 2014 12:54
Oil, Life Insurance and Banking would pay steepest price for independence, Liberum says
In a research note published on Thursday afternoon Liberum explains to clients that in the event of Scotland voting in favour of independence then the worst affected sectors would be: Oil, Life Insurance and Banking. The analysts base their call on what happened following the mini-scare of 8 Septemb
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17 Sep 2014 16:50
London close: Stocks end slightly off ahead of Fed
An injection of liquidity into Chinese banks failed to lift UK stocks on Wednesday, as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 finished the session lower by 0.17% at 6,780.19, down from the 6,792.24 seen on Tuesday, its lowest close since 22 Augus
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17 Sep 2014 14:30
Sector movers: Tech stocks sparked by Imagination
Technology stocks were on the rise on Wednesday as a well-received update from chipmaker Imagination Technologies gave the sector a boost. Imagination's shares were up 5.6% at 199.6p in afternoon trade after the company reassured investors that "progress will continue in line with its expectations"
Read more17 Sep 2014 13:13
Broker tips: Imagination Technologies, IG Group, ASOS
A corner is being turned at Imagination Technologies after an in-line first quarter, according to Investec, though the broker kept a 'hold' recommendation on the stock ahead of an uncertain second half. "While there is a sense of a corner being turned after a torrid 18 months, we remain on 'hold' be
Read more17 Sep 2014 11:49
17 Sep 2014 11:46
London midday: Miners lead UK stocks higher as investors await FOMC
Stimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
Read more17 Sep 2014 10:14
Imagination Tech turning a corner but Investec stays at 'hold'
A corner is being turned at Imagination Technologies after an in-line first quarter, according to Investec, though the broker kept a 'hold' recommendation on the stock ahead of an uncertain second half. The company said that trading in the licensing division during the first quarter has been good wi
Read more17 Sep 2014 09:41
Market overview: Fed speculation ramps up after CPI data
1630:Close UK stocks ended the session slightly lower, failing to partake in the gains seen elsewhere, as investors maintained a wary attitude ahead of Thursday´s Scottish referendum. Rightly so given the enormous significance of the event for Britain. European markets on the other hand were buoyed
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