Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

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

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Hika Pharma promoted to FTSE 100 but Tullow Oil gets kicked out

Thu, 05th Mar 2015 15:01

Hika Pharmaceuticals and Tullow Oil are switching places at start of the second quarter of this year as the FTSE Group reshuffles components across its leading London benchmarks.In its quarterly review, the FTSE Group have outlined which companies have been promoted or demoted from its indices. The decisions are based on a rise and fall in the company's market capitalisation.Companies with the lowest market cap in the FTSE 100 drop into the FTSE 250 and conversely, companies with the highest market cap on the FTSE 250 get promoted to the FTSE 100.In the case of Hikma and Tullow, the market cap for Hikma at £4.94billion, beats that of Tullow's at £3.24bn. That's helped the pharma company wriggle its way into the leading blue-chip FTSE100 index. Hikma floated on the London Stock Exchange in 2005.Companies that get into the FTSE 100 have an opportunity to see the value of their shares increase as the main London benchmark attracts more demand from fund managers, pension funds and mutual funds who all track the index.When the FTSE100 index was launched, the total market cap of the companies was just over £100bn. As of the September 2014 quarterly review, the total market cap stood at £1.79trn.A drop in Tullow's share price after it reported a £1.3bn pre-tax together with lower oil prices and worries about delays in its West African projects combined to hit the company's market cap. The loss in profit was followed by news of a £1.5bn write-off at the beginning of the year. As such, Tullow will have to make the FTSE 250 its new home.Meanwhile, AA, Imagination Technologies Group and Virgin Money Holdings have all booked a place in the FTSE 250. Virgin Money floated in November 2014, raising £500m and valuing the business at £1.25bn. On Thursday, the company reported that it's doubled its profit to £121.2m.Three companies are heading out of the FTSE 250. They include oil producer Afren, video game retailer Game Digital and Oxford Instruments. Afren's share price has slumped since the announcement that it will default on £9.7m of interest payments that were due on 1 Feb.
More News
13 Feb 2015 11:21

TOP NEWS: German And Eurozone Growth Beats Expectations In Q4

Read more
13 Feb 2015 09:40

BUZZ-European stocks: placement frenzy as regional markets stir

** Rush of deals secondary offerings across Europe overnight most of which see good demand underscoring the revival of interest in regional equities ** 7 deals worth about $1.5 bln, excluding BT's £1 bln placement, go through ** The tick-up in offerings stands in contrast to daily tr

Read more
13 Feb 2015 08:33

UK MORNING BRIEFING: Oil Shares Lead London Higher As Brent Tops USD60

Read more
13 Feb 2015 08:09

Intel Foundation Complete Sale Of 4.9% In Imagination Technologies

Read more
12 Feb 2015 16:52

Intel Foundation To Sell Up To 4.9% Stake In Imagination Technologies

Read more
9 Feb 2015 08:45

Imagination Technologies Hires Bert Nordberg As Next Chairman

Read more
28 Jan 2015 15:27

Sector movers: Apple results give UK tech stocks a boost, ARM rises

Forecast-busting results from US smartphone and tablet giant Apple gave London-listed tech shares a boost on Wednesday, especially those of supplier ARM Holdings. ARM, the semiconductor and software design firm whose chips are used in Apple's iPhones, was bolstered by the news that the California-ba

Read more
28 Jan 2015 08:51

Shares in Apple suppliers leap on record results

LONDON, Jan 28 (Reuters) - Shares in European companies that supply parts to Apple Inc leapt on Wednesday after the tech giant reported the largest profit in corporate history, driven by record sales of iPhones and strong demand in China. Shares in British chip designer ARM and Imagination

Read more
12 Jan 2015 10:01

Imagination Technologies Says IP Showcased In Range Of CES Products

Read more
18 Dec 2014 11:34

Broker tips: Tesco, Friends Life, Imagination Technologies

Shore Capital has welcomed new measures by Tesco to "crank up the customer service" ahead of Christmas, suggesting that competition from the rival discounters may be waning. Looking ahead of the all-important shopping week before Christmas, analyst Clive Black said that while the Big Four will likel

Read more
18 Dec 2014 10:22

Numis downgrades Imagination Technologies despite H1 outperformance

Numis Securities is recommending investors to sell shares of Imagination Technologies Group (IMG) despite the chip group beating the market's forecasts with its first-half results, saying that its concerns about the business still remain. The broker lowered its rating from 'reduce' to 'sell', saying

Read more
17 Dec 2014 22:41

Wednesday tips round-up: Domino Printing, Imagination Technologies

Domino Printing would seem to enjoy both a favourable outlook and a predictable business model. The firm, whose printers produce labels for consumer goods companies, believes it can grow at above the trend rate of global GDP going forward. Increased urbanisation and government regulations on sell-by

Read more
17 Dec 2014 22:15

Wednesday tips round-up: Domino Printing, Imagination Technologies

Domino Printing would seem to enjoy both a favourable outlook and a predictable business model. The firm, whose printers produce labels for consumer goods companies, believes it can grow at above the trend rate of global GDP going forward. Increased urbanisation and government regulations on sell-by

Read more
16 Dec 2014 16:26

London close: Shares soar on upbeat Eurozone and bank news

London shares bounced back on Tuesday in the wake of some long-awaited upbeat economic data in the Eurozone and positive news for UK banks. The FTSE 100 Index climbed 149.11 points to 6331.83 as Markit's purchasing managers' index (PMI) for euro-area manufacturing rose to 50.8 in December from 50.1

Read more
16 Dec 2014 11:54

Broker tips: UK banks, BT, Imagination, Gulf Keystone

Shore Capital has said that the result of the Bank of England's (BoE) stress tests on UK banks was "a bit of a non-event" with all of the listed lenders passing as expected. "Overall, we do not expect the results of the stress test to have a material impact on the share prices of the large UK quoted

Read more

Track Your Investments

Register for FREE

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.