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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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21 Feb 2016 17:23

Sunday newspaper round-up: GSK, Sainsbury's, BT, Imagination Technologies

(ShareCast News) - Financial institutions in the City of London are fairly pleased with David Cameron's agreement with the European Union ahead of June's referendum as it looks to have secured the Square Mile from excessive further Brussels red tape. A potentially painful sticking point has been avo

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19 Feb 2016 16:06

Imagination Technologies Sells 10% Stake In Toumaz (ALLISS)

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9 Feb 2016 15:11

Tuesday broker round-up

(ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral. First Quantum Minerals: Goldman Sachs downgrades to sell with a target price of 130p. Randgold: Ubs downgrades to neutral, 6000p targe

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9 Feb 2016 09:51

Former Imagination Technologies Boss Leaves 7digital, Toumaz As Well

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9 Feb 2016 09:35

BROKER RATINGS SUMMARY: Deutsche, UBS, HSBC Cut Randgold After Rally

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8 Feb 2016 17:19

LONDON MARKET CLOSE: China Fears, Oil Price Fall Weigh On Stocks

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8 Feb 2016 16:28

Toumaz Says Departing Imagination Tech Chief Executive To Leave Board

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8 Feb 2016 12:06

LONDON MARKET MIDDAY: It's Chinese New Year But Old Concerns Remain

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8 Feb 2016 10:37

WINNERS & LOSERS SUMMARY: Imagination Tech Update Weighs On ARM

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8 Feb 2016 09:14

UPDATE 1-Imagination Tech CEO steps down; warns of operating loss

* CEO quits after company warns on profit * Will sell Pure digital radio business, focus on core operations * Shares down 16 pct (Adds shares, quotes, background) By Paul Sandle LONDON, Feb 8 (Reuters) - Imagination Technologies, a supplier of graphics technology to Appl

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8 Feb 2016 08:33

LONDON MARKET OPEN: Randgold Lifts Miners; Imagination Tech Hits ARM

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8 Feb 2016 07:52

Imagination Technologies Chief Executive Departs As It Warns On Profit

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8 Feb 2016 07:45

Imagination Technologies warns on profit, announces CEO departure

(ShareCast News) - Chip designer Imagination Technologies announced a restructuring and the resignation of its chief executive with immediate effect, as it warned that it now expects to report a loss for the year. The company said it will implement a number of restructuring and cost-cutting initiati

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8 Feb 2016 07:13

Imagination Tech CEO steps down; warns of operating loss

LONDON, Feb 8 (Reuters) - Imagination Technologies, a supplier of graphics technology to Apple, said its chief executive Hossein Yassaie had quit, departing as the British company warned it would not make an operating profit this year. Non-executive director Andrew Heath had been appointed

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1 Feb 2016 09:40

BROKER RATINGS SUMMARY: Citi Promotes Sky To European Focus List

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