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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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25 Jan 2016 08:02

Imagination Technologies reviewing options for Pure division

(ShareCast News) - Multimedia, processor and communications technology company Imagination Technologies said on Monday that it is reviewing strategic options for its audio products division Pure. The statement followed a report in the Sunday Times suggesting the company was looking to sell the loss-

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25 Jan 2016 07:46

Imagination Technologies Reviewing Options For Pure Division

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25 Jan 2016 07:27

Imagination Tech says reviewing options for Pure digital radio

LONDON, Jan 25 (Reuters) - Imagination Tech, the British chip designer whose shares are languishing at six-year lows after a profit warning in December, said it was reviewing strategic options for its loss-making Pure digital radio business. Chief Executive Hossein Yassaie has previously sa

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24 Jan 2016 16:11

Sunday newspaper round-up: HMRC's new tax deals, Tesco's debt, Sainsbury's

(ShareCast News) - In the wake of Google's £130m tax settlement with the UK taxman, other giant US corporations are close to shaking hands on their own deals. HM Revenue & Customs officials have confirmed to the Sunday Times that Amazon, Facebook, Microsoft and McDonald's are all close to agreements

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21 Jan 2016 13:22

BUZZ-Laird: in-line update spurs relief rally for Apple supplier

** Electronic components maker Laird +1.4%, bouncing off near 1-yr lows hit on Weds, after saying it expects earnings for 2015 to be in line with expectations ** FY revenue rises 12% to £630 mln ** Laird fallen along with fellow semis in recent weeks amid reports of slowing iPhone sh

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11 Jan 2016 09:35

BROKER RATINGS SUMMARY: JPMorgan Upgrades BAE Systems To Overweight

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22 Dec 2015 15:31

N Brown CEO treats herself to first share purchase

(ShareCast News) - N Brown's chief executive officer Angela Spindler made her first purchase on Tuesday, nabbing 23,782 shares in the home shopping business at 292.80p each. Elsewhere, Imagination Technologies' non-executive director Andrew Heath picked up 37,710 shares in the chip maker at 131.60p

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22 Dec 2015 09:55

DIRECTOR DEALINGS: Imagination Technologies Non-Executive Buys Shares

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21 Dec 2015 15:53

DIRECTOR DEALINGS: Imagination Technologies Chairman Buys Shares

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18 Dec 2015 09:39

BROKER RATINGS SUMMARY: UBS Initiates Restaurant Group At Buy

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17 Dec 2015 17:26

DIRECTOR DEALINGS SUMMARY: Imagination Tech CEO Buys 20,000 Shares

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17 Dec 2015 14:29

DIRECTOR DEALINGS: Imagination CEO Buys Shares After Profit Warning

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16 Dec 2015 09:50

BROKER RATINGS SUMMARY: Exane BNP Raises Pearson To Outperform

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15 Dec 2015 13:56

UPDATE 1-Imagination Tech warns on profit as smartphone market softens

* Shares fall to six-year lows after profit warning * Analyst says company delivered "terrible" numbers * Swings to first-half loss in operating profit (Adds CEO comments, analyst reaction, shares) By Paul Sandle LONDON, Dec 15 (Reuters) - Imagination Tech, the British c

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15 Dec 2015 09:40

BUZZ-Imagination Tech: profit warning on soft smartphone market takes another bite out of stock

** Imagination Technologies, which supplies graphics technology to Apple, -6.4%, second-top faller on FTSE Small Cap index after warns on profit, blaming slowdown in semiconductor and smartphone markets ** Mirrors weakness from German peer Dialog Semi, which cut its outlook on Tues citing s

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