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Sector movers: Sage lifts software stocks, chemicals gain

Wed, 22nd Jan 2014 15:28

Sage was giving the software and computer services sector a lift on Wednesday after the firm reiterated its medium-term growth targets.Shares in Sage were up 3.6% at 427.9p - a level not seen in over a decade - after the accountancy software company said that trading across all regions in the first quarter was in line with expectations."Through continued focus on our strategic cornerstones, we remain on course to deliver on our 6% organic revenue growth target in 2015, and anticipate making further progress during the year ahead," said Chief Executive Guy Berruyer.Credit Suisse kept its 'underperform' rating on the stock today, saying that it sees downwards pressure to earnings estimates due to exchange rates, but did point out that the shares trade at a 15% discount to US market leader Intuit.Healthcare software firm EMIS Group was also up over 3% after saying that it finished 2013 with revenue and profit growth in line with expectations, as it continues to roll its patient-details software out to GP practices across the UK.The firm, which said it gained market share in each of its divisions last year, also gave a confident outlook for 2014.Others in the sector including IDOX, Escher Group and WANdisco were also making gains.Meanwhile, upbeat comments from analysts at HSBC gave chemicals stocks a boost today after they said that the sector will deliver double-digit growth in earnings in 2014 with all regions contribution and upside risk seen to prices and margins."Valuation of the sector is not cheap but justifiable in our view as overall market has re-rated by more," it said.HSBC raised its rating for Croda International from 'neutral' to 'overweight' and lifted its target price from 2,700p to 2,800p.Heavyweight Johnson Matthey also saw its target raised from 3,450p to 3,750p, though a 'neutral' recommendation was maintained.Top performing sectors so far todaySoftware & Computer Services 1,229.52 +1.84%Technology Hardware & Equipment 1,196.97 +1.56%Chemicals 11,065.59 +1.49%Gas, Water & Multiutilities 5,615.67 +0.75%Food Producers & Processors 7,525.54 +0.71%Bottom performing sectors so far todayForestry & Paper 10,458.99 -2.22%Industrial Metals & Mining 1,282.45 -1.11%Electricity 8,971.21 -0.91%Industrial Transportation 3,326.32 -0.56%Banks 4,933.79 -0.47%BC
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11 May 2018 11:01

Exeter Acquisition Closes Offer To Acquire Escher With 99% Acceptances (ALLISS)

LONDON (Alliance News) - Escher Group Holdings PLC said on Friday that investment vehicle Exeter Acquisition Ltd has closed the offer to wholly acquire the software company, following the offer in

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26 Apr 2018 13:11

Escher Group To Cancel AIM Shares As Exeter Seeks To Close Acquisition (ALLISS)

LONDON (Alliance News) - Escher Group Holdings PLC said Thursday that investment vehicle Exeter Acquisition Ltd intends to close the offer to wholly acquire the software company, following the in

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13 Sep 2016 14:32

Escher Group posts rise in first-half profit

(ShareCast News) - Escher Group posted a rise in interim profit for the six months to the end of June. Pre-tax profit was up 43% to $1.81m, on revenue of $12.34m, up 4% from the same period a year ago. Adjusted earnings before interest, taxes, depreciation and amortisation were up 25% to $3.35m. E

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13 Sep 2016 09:13

Escher Group Confident Going Into Second Half As Interim Profit Rises

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13 Jul 2016 07:30

Escher Group Appoints Clem Garvey As Chief Financial Officer

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16 Jun 2016 09:17

Escher Group Introduces Prepay For Ireland's Insomnia Coffee

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2 Jun 2016 07:27

Escher Says South African Post Office Launches Riposte-Based System

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27 May 2016 12:55

Escher Replaces Chairman As Focus Moves Away From Postal

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25 May 2016 08:00

Escher Group Signs Further Pilot Project Agreement With Saudi Post

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20 May 2016 15:03

AGM, EGM Calendar - Week Ahead

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13 May 2016 07:22

Escher Signs Deal To Licence Riposte Platform To Vietnam Post

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9 May 2016 06:38

Escher Group Wins Loyalty Platform Pilot With Saudi Post

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7 Mar 2016 15:27

Escher Group swings to full year profit

(ShareCast News) - AIM-listed Escher Group said on Monday that it swung to a pre-tax profit in 2015 and expressed confidence about the prospects for this year and beyond. For the year to the end of December, pre-tax profit came in at $1.1m (£0.8m) compared with a loss of £500,000 the previous year o

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7 Mar 2016 12:01

Escher Confident For 2016 And Beyond As It Swings To 2015 Profit

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7 Mar 2016 09:39

BROKER RATINGS SUMMARY: Citi Downgrades IHG To Sell From Neutral

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