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Emblaze ShareCast News (BLZ)
ShareCast News for Emblaze (BLZ)
| Share Price: 50.00 | Bid: 48.00 | Ask: 50.00 | Change: 0.00 (0.00%) |  | ||||||
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TechMARK movers: Emblaze wins tax case
Fri, 8th Oct 2010 13:05
Israel-based technology company Emblaze's UK subsidiary has won an appeal against the HMRC.
The HMRC had withheld £8.8m of VAT repayments from a former subsidiary of the UK business. Emblaze was awarded costs but the HMRC still has the right to appeal.
Emblaze says that after deducting costs and third parties' share that it will receive net cash of $7m.
UBS has downgraded accountancy software supplier Sage from neutral to sell.
FTSE TechMARK - Risers
Vernalis (VER) 44.00p +9.73%
Emblaze (BLZ) 51.25p +8.47%
Psion (PON) 92.00p +3.95%
Telecity Group (TCY) 502.50p +3.40%
Oxford Biomedica (OXB) 9.30p +2.79%
Parity Group (PTY) 10.50p +2.44%
KCOM Group (KCOM) 53.00p +2.42%
XP Power (XPP) 1,000.00p +2.20%
Gresham Computing (GHT) 19.00p +1.97%
Innovation Group (TIG) 13.50p +1.42%
Dialight (DIA) 455.50p +1.40%
FTSE TechMARK - Fallers
AEA Technology (AAT) 6.60p -10.81%
Oxford Instruments (OXIG) 510.00p -6.28%
Kewill (KWL) 104.50p -5.84%
Sage Group (SGE) 270.30p -4.32%
BATM Advanced (BVC) 23.50p -4.04%
Ark Therapeutics (AKT) 4.45p -3.37%
Phoenix IT Group (PNX) 246.75p -2.70%
Biocompatibles International (BII) 361.00p -2.44%
Autonomy Corporation (AU.) 1,507.00p -2.33%
BT Group (BT.A) 148.40p -2.24%
The HMRC had withheld £8.8m of VAT repayments from a former subsidiary of the UK business. Emblaze was awarded costs but the HMRC still has the right to appeal.
Emblaze says that after deducting costs and third parties' share that it will receive net cash of $7m.
UBS has downgraded accountancy software supplier Sage from neutral to sell.
FTSE TechMARK - Risers
Vernalis (VER) 44.00p +9.73%
Emblaze (BLZ) 51.25p +8.47%
Psion (PON) 92.00p +3.95%
Telecity Group (TCY) 502.50p +3.40%
Oxford Biomedica (OXB) 9.30p +2.79%
Parity Group (PTY) 10.50p +2.44%
KCOM Group (KCOM) 53.00p +2.42%
XP Power (XPP) 1,000.00p +2.20%
Gresham Computing (GHT) 19.00p +1.97%
Innovation Group (TIG) 13.50p +1.42%
Dialight (DIA) 455.50p +1.40%
FTSE TechMARK - Fallers
AEA Technology (AAT) 6.60p -10.81%
Oxford Instruments (OXIG) 510.00p -6.28%
Kewill (KWL) 104.50p -5.84%
Sage Group (SGE) 270.30p -4.32%
BATM Advanced (BVC) 23.50p -4.04%
Ark Therapeutics (AKT) 4.45p -3.37%
Phoenix IT Group (PNX) 246.75p -2.70%
Biocompatibles International (BII) 361.00p -2.44%
Autonomy Corporation (AU.) 1,507.00p -2.33%
BT Group (BT.A) 148.40p -2.24%
Small caps round-up: Emblaze, Vialogy, Motive Television
Technology group Emblaze saw shares surge on Monday after announcing that its UK subsidiary, Emblaze Mobility Solutions, has recovered 1.5m pounds which was part of the VAT repayments claimed withheld by HM Revenue & Customs (HMRC) since March 2006.[21 May '12]
Cash-rich Emblaze eyeing investment opportunities
Cash continues to be king at Emblaze, the Israeli technology firm which is suing Apple for alleged patent infringements.[12 Mar '12]
Cash rich Emblaze back in the black
Emblaze, the Israeli technology firm focused on the mobile phone sector, bounced back firmly into the black in the first half of 2011.[31 Aug '11]
London close: Footsie rallies but falls short
Footsie made a late charge for positive territory ahead of the close, in line with buoyancy in the US, but fell just short.[8 Oct '10]
London afternoon: Shares rally on QE hopes
US jobless data proved to be much worse than expected, with non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged, but the 'glass half full' optimists have taken the view that this makes a resumption of economic stimulus by the Federal Reserve more likely.[8 Oct '10]
TechMARK movers: Emblaze wins tax case
Israel-based technology company Emblaze's UK subsidiary has won an appeal against the HMRC.[8 Oct '10]
London midday: Nervous wait for US jobs data
The clock is ticking down on this afternoon's release of US non-farm payrolls data and the market is showing signs of nervousness, with the Footsie drifting back and in danger of slipping below 5600.[8 Oct '10]
London open: Quiet start ahead of jobs data
London has opened quietly as traders focus on the US where September's non-farm payrolls numbers are due to be released this afternoon.[8 Oct '10]
