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FTSE 250 movers: Imagination Technologies surges on takeover speculation, oil stocks lower

Mon, 01st Jun 2015 14:11

Mid-caps were outperforming the blue chip index on Monday afternoon, buoyed by strength in the real estate, travel and electronics sectors.As of 16:00 BST, the FTSE 250 was trading 0.38% higher at 18,224.3.Imagination Technologies led the risers after analysts at Liberum tipped it as a possible take-over target given how Intel sold out of the company earlier in the year and Imagination's current discount to its peer group. Electronic design automation companies such as Synopsys, Cadence or IP outfits such as Rambus could be among the potential acquirers, the broker said.Cairn Energy was trading higher as RBC Capital Markets upgraded Cairn Energy to 'outperform' from 'sector perform' and lifted the price target to 250p from 220p following recent share price weakness. The broker noted that exploration/appraisal drilling offshore Senegal has resulted in an initial oil discovery, which could add a further 70p per share.Defence and aerospace group Ultra Electronics Holdings was boosted after reaching a deal to acquire the electronics products division of Kratos Defense and Security Solutions for $265m (£173.5m). The deal with the US-based radio frequency and microwave systems supplier will increase Ultra Electronics' presence in the US electronic warfare market.Miners Lonmin and Vedanta Resources were in the red following weak manufacturing data from China, the world's biggest metals consumer.Oil stocks including Premier Oil and Soco International also declined as oil prices retreated from last week's highs. RisersImagination Technologies Group (IMG) 231.40p +5.57%PayPoint (PAY) 982.50p +3.86%Domino's Pizza Group (DOM) 823.00p +3.46%Renishaw (RSW) 2,479.00p +3.29%Greencore Group (GNC) 339.80p +3.22%Man Group (EMG) 183.80p +2.97%St. Modwen Properties (SMP) 456.60p +2.93%Dignity (DTY) 2,183.00p +2.87%Shaftesbury (SHB) 898.50p +2.57%De La Rue (DLAR) 521.50p +2.56%FallersAmec Foster Wheeler (AMFW) 917.50p -3.42%Premier Oil (PMO) 157.70p -3.37%Ocado Group (OCDO) 353.80p -2.94%Kaz Minerals (KAZ) 244.60p -2.78%Lonmin (LMI) 137.20p -2.69%Soco International (SIA) 180.10p -2.65%Wood Group (John) (WG.) 719.50p -1.91%Vedanta Resources (VED) 577.00p -1.70%Petrofac Ltd. (PFC) 890.00p -1.66%Drax Group (DRX) 388.90p -1.64%
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2 Jan 2020 07:37

Apple inks licensing deal with Imagination Technologies

(Sharecast News) - Apple has inked a new supply deal with Imagination Technologies for its graphics processing units.

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19 Mar 2018 15:03

Total renewables unit targets Africa's power-starved mining sector

By Joe Bavier ABIDJAN, March 19 (Reuters) - Total's renewable energy unit said on Monday it had opened the world's largest solar-thermal hybrid plant in the of

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12 Mar 2018 14:35

CANADA STOCKS-Toronto stocks edge up, following global markets higher

March 12 (Reuters) - Canada's main stock index rose modestly on Monday, buoyed by improved risk appetite in global markets but declines in energy shares and gold producers

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9 Mar 2018 21:24

UPDATE 1-CANADA STOCKS-TSX ends higher alongside global stocks, oil, metals

By Nichola Saminather TORONTO, March 9 (Reuters) - Canada's main stock index closed higher on Friday, lifted by strong gains in oil and metals

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7 Dec 2016 09:55

Imagination Technologies boosted by Numis upgrade

(ShareCast News) - Imagination Technologies Group gained as Numis raised its rating on the stock to 'buy' from 'add' and lifted the target price to 310p from 280p following better-than-expected results. The chip maker on Tuesday reported royalty revenues rose 6% and licensing revenues increased 7% i

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7 Dec 2016 09:33

BROKER RATINGS SUMMARY: Credit Suisse Raises Rio Tinto And Cuts BHP

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6 Dec 2016 08:17

Peter Hill to chair Imagination Technologies

(ShareCast News) - Multimedia, processor and communications technology company Imagination Technologies Group announced on Tuesday it has appointed Peter Hill CBE as non-executive chairman with effect from 1 February 2017, with him joining the board on 1 January. The London-listed firm said Peter is

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29 Sep 2016 11:56

Broker tips: Imagination Technologies, Babcock, Sainsbury's

(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt

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29 Sep 2016 10:31

Numis cuts rating on Imagination Technologies to 'add' from 'buy'

(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt

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29 Sep 2016 08:27

Imagination Technologies sells Pure digital radio business for £2.6m

(ShareCast News) - Imagination Technologies said trading in the first quarter continues to be in line with the board's expectations and announced an agreement to sell its Pure digital radio business to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt. The company said the deal also

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12 Aug 2016 08:29

BROKER RATINGS SUMMARY: Merrill Lynch Upgrades Tullow Oil To Buy

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10 Aug 2016 10:11

Wednesday broker round-up

(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with

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10 Aug 2016 08:35

BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold

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18 Jul 2016 15:55

LONDON MARKET CLOSE: Stocks Given Helping Hand From ARM Takeover

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18 Jul 2016 09:38

WINNERS & LOSERS SUMMARY: ARM Takeover Also Lifts Imagination Shares

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