Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKainos Group Share News (KNOS)

Share Price Information for Kainos Group (KNOS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 999.00
Bid: 984.00
Ask: 990.00
Change: 26.00 (2.67%)
Spread: 6.00 (0.61%)
Open: 973.00
High: 999.00
Low: 968.00
Prev. Close: 973.00
KNOS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET PRE-OPEN: Lower Call; Computacenter, Kainos Lift Outlook

Fri, 22nd Jan 2021 07:46

(Alliance News) - Stocks in London are set to open marginally lower on Friday as a lacklustre week for the FTSE 100 draws to a close, with focus on a raft of PMIs for January.

In early company news, Computacenter raised profit guidance and Kainos said it now expects results for its current financial year ahead of market forecasts.

IG says futures indicate the FTSE 100 index of large-caps to open 5.82 points, or 0.1%, down at 6,709.60 on Friday. The FTSE 100 closed down 24.97 points, or 0.4%, at 6,715.42 on Thursday - at this level down 0.3% since the week began.

"Markets here in Europe have had a more subdued week, with little in the way of progress after the falls seen at the end of last week," said Michael Hewson, chief market analyst at CMC Markets.

"The gains in the US last night don't appear to have filtered through to markets in Asia, and don't appear to be generating any lift here in Europe either, with a slightly negative bias expected to the open this morning, as concerns about extended lockdowns weigh on optimism."

Hewson added: "Today's economic data from the UK, as well as France and Germany are set to showcase further the additional damage being done to their respective economies over the Christmas and New Year period."

The economic events calendar on Friday has PMI readings from Germany, eurozone and the UK at 0855 GMT, 0900 GMT and 0930 GMT respectively.

Consensus, according to FXStreet, sees the UK manufacturing PMI falling to 54.0 points in January from 57.5 in December. The services PMI is expected to slide to 45.0 from 49.4 the month before.

The eurozone's manufacturing PMI is seen at 54.6 points for January, below December's 55.2, while the services sector is in for a sharper slump to 45.0 from 46.4.

The pound and euro were mixed against the dollar ahead of the data.

Sterling was quoted at USD1.3671 early Friday, lower than USD1.3732 at the London equities close on Thursday. The euro traded at USD1.2156, firm on USD1.2151 late Thursday.

Ahead of the PMI data, the Office for National Statistics said UK retail sales increased 0.3% month-on-month in December - rebounding from a 4.1% slide in November - which resulted in an increase of 2.7% when compared with February's pre-pandemic level.

Year-on-year, retail sales grew 2.9%, with non-store retailers - which includes online shops and market stalls - racked up 44% growth and food stores saw a 4.4% increase. This accelerated from growth of 2.1% in November.

"The sharp deterioration in near-real time data lead us to conclude that retail sales volumes will fall by about 5% month-to-month in January," Pantheon Macroeconomics noted.

In 2020 as a whole, UK retail sales fell an estimate 1.9% when compared with 2019, the largest year-on-year fall on record, the ONS said.

Japan's private sector downturn continued at the start of the new year, according to early figures from au Jibun Bank.

Flash estimates showed Japan's composite output index dipped to 46.7 points in January, below the 50.0 neutral mark and the 48.5 final figure from December. The flash manufacturing output index fell to 49.7 in January, from December's final 50.0 reading, while the services index fell deeper into contraction territory to 45.7 from 47.7.

Against the yen, the dollar rose to JPY103.67 early Friday in London from JPY103.53 at the London equities close on Thursday.

The Japanese Nikkei 225 index closed down 0.4%. In China on Friday, the Shanghai Composite closed down 0.4%, while the Hang Seng index in Hong Kong is down 1.6%.  

The S&P/ASX 200 in Sydney closed down 0.3%.

In early UK company news, Computacenter said it now expects adjusted pretax profit for 2020 will be in excess of GBP195 million.

This follows continued positive trading for the computer services provider through to the end of the year. Back in December, Computacenter said profit was "unlikely to be less than" GBP190 million, already a jump from 2019's GBP146.3 million.

Computacenter on Thursday said revenue grew by 8% in 2020, seeing strong growth in Technology Sourcing product sales into the public sector and services-based customers.

"The positive momentum we have seen in trading since the start of the pandemic shows no sign of abating, and our pipelines for both Technology Sourcing and Services are as strong as at any time we have seen in the last year," said Computacenter.

Kainos said it expects results for its current financial year to be ahead of market expectations.

The information technology consulting and software provider noted that continued momentum has driven a strong trading performance thus far in its financial year ending March 31. Kainos added that it is well-positioned for further growth and remains confident in its strategy.

"Looking ahead, our robust pipeline, strong balance sheet and significant contracted backlog underpins our confidence in our outlook," the company said.

London and Johannesburg-listed financial services firm Ninety One in a brief update said assets under management stood at GBP128.6 billion on December 31, up 8.1% from GBP119.0 billion at the end of September.

Mediclinic, which is also listed in both London and South Africa, reported third-quarter revenue growth though remained cautious on outlook.

The private hospital operator said third-quarter revenue was up 2.5%, supported by "unseasonably high inpatient activity" in December at Mediclinic Southern Africa and Mediclinic Middle East. This was partially offset by the lower patient volumes at Hirslanden, Switzerland.

"The uncertainty caused by the pandemic has reduced visibility on activity levels and therefore the group remains cautious as to the full impact on near-term operating performance," Mediclinic said.

In the US on Thursday, Wall Street ended mixed, with the Dow Jones Industrial Average ending down 0.1%, the S&P 500 slightly higher, and the Nasdaq Composite up 0.6%.

The US flash manufacturing and services PMIs are due at 1445 GMT.

Gold was quoted at USD1,860.02 an ounce early Friday, lower than USD1,864.60 late Thursday in London. Brent oil was trading at USD55.48 a barrel, down from USD56.05 late Thursday.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
21 Sep 2022 15:57

UK shareholder meetings calendar - next 7 days

Thursday 22 September 
Begbies Traynor Group PLCAGM
Ecofin Global Utilities & Infrastructure Trust PLCGM pre-emption rights
IG Design Group PLCAGM
Liontrust Asset Management PLCAGM
Oberon Investments Group PLCAGM
Odyssean Investment Trust PLCAGM
Rockwood Strategic PLCGM trading on the Premium Segment
Trakm8 Holdings PLCAGM
Worsley Investors LtdAGM
Friday 23 September 
Accsys Technologies PLCAGM
Biffa PLCAGM
Bradda Head Lithium LtdAGM
Fusion Antibodies PLCAGM
In The Style Group PLCAGM
Safestay PLCAGM
Wise PLCAGM
Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
Bens Creek Group PLCAGM
Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
1 Sep 2022 09:46

Kainos to achieve market forecasts on "strong" Digital Services

(Alliance News) - Kainos Group PLC on Thursday backed market forecasts for its current financial year, due to strong trading across both its business areas since the start of April.

Read more
1 Sep 2022 08:46

LONDON MARKET OPEN: Downbeat start to September; miners, Reckitt fall

(Alliance News) - September started where August left off, with markets still plagued by worries over central bank tightening, inflation and recession risks.

Read more
1 Sep 2022 07:52

LONDON MARKET PRE-OPEN: Reckitt Benckiser CEO Narasimhan to step down

(Alliance News) - London stocks are set to start September on a downbeat note Thursday, after a hot inflation print in the eurozone on Wednesday raised tightening expectations ahead of the European Central Bank's next meeting.

Read more
1 Sep 2022 07:11

Kainos FY results seen in line with market expectations

(Sharecast News) - IT services provider Kainos said on Thursday that its full-year results were expected to meet current market forecasts for revenues of £335.7m-373.4m and adjusted pre-tax profits of £62.7m-66.5m.

Read more
25 Aug 2022 15:55

UK earnings, trading statements calendar - next 7 days

Friday 26 August 
CT Private Equity Trust PLCHalf Year Results
Malin Corp PLCHalf Year Results
Monday 29 August 
no events scheduled 
Tuesday 30 August 
Braemar Shipping Services PLCFull Year Results
Bunzl PLCHalf Year Results
CentralNic Group PLCHalf Year Results
Old Mutual LtdHalf Year Results
Quarto Group IncHalf Year Results
Revolution Beauty Group PLCFull Year Results
Uniphar PLCHalf Year Results
Wednesday 31 August 
Bank of Cyprus Holdings PLCHalf Year Results
BBGI Global Infrastructure SAHalf Year Results
Chesnara PLCHalf Year Results
Dalata Hotel Group PLCHalf Year Results
ECO Animal Health Group PLCFull Year Results
Flowtech Fluidpower PLCHalf Year Results
STM Group PLCTrading Statement
Thursday 1 September 
Camellia PLCHalf Year Results
Eurocell PLCHalf year Results
Gem Diamonds LtdHalf Year Results
Johnson Service Group PLCInterim Results
Kainos Group PLCTrading Statement
Omega Diagnostics Group PLCFull Year Results
PPHE Hotel Group PLCHalf Year Results
Sportech PLCHalf Year Results
Wentworth Resources PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
29 Jul 2022 11:32

Canaccord Genuity reiterates 'buy' rating on Kainos

(Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' rating and 1,350.0p target price on software firm Kainos Group on Friday, stating "good things" come to those who wait.

Read more
29 Jul 2022 10:47

IN BRIEF: Kainos appointed Workday phase 1 prime status partner

Kainos Group PLC - Belfast-based software company - Says it has been appointed as a Workday phase 1 prime status partner in the US. This means that Kainos in a phase 1 partner in all European and North American markets, it adds. "Kainos is a full-service partner of Workday, experienced in complex deployment and integrations and trusted by customers to launch, test, expand and safeguard Workday systems," the company says.

Read more
18 Jul 2022 09:46

LONDON BROKER RATINGS: Trio of downgrades for Fevertree; Admiral cut

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
24 May 2022 09:26

LONDON BROKER RATINGS: Peel cuts Royal Mail; SocGen lifts Kingfisher

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
23 May 2022 17:04

LONDON MARKET CLOSE: Stocks rise as Biden mulls lifting China tariffs

(Alliance News) - Stocks in London ended firmly in the green on Monday after US President Joe Biden said he was considering lifting some Trump-administration trade tariffs imposed on China.

Read more
23 May 2022 12:06

LONDON MARKET MIDDAY: Biden mulls China trade war de-escalation

(Alliance News) - European equities kicked off the week in fine fettle, showing confident gains in morning trade on Monday, with the mood bolstered by news that US President Joe Biden is considering lifting some Donald Trump-era trade tariffs on China.

Read more
23 May 2022 09:02

Kainos FY revenues surge amid 'robust' underlying market conditions

(Sharecast News) - IT provider Kainos reported growth in both revenues and adjusted pre-tax profits on Monday amid "robust" underlying market demand and high levels of customer engagement throughout the 12 months ended 31 March.

Read more
23 May 2022 09:00

TOP NEWS: Kainos surges on continued growth and rosy outlook

(Alliance News) - Kainos Group PLC reported strong annual results on Monday, with its shares surging after it recorded its twelfth consecutive year of growth.

Read more
23 May 2022 08:52

LONDON MARKET OPEN: Market cheers Moongpig's new gifting foray

(Alliance News) - European equities made a confident start to the new trading week on Monday, for now setting aside the inflation and economic growth worries that have stifled markets in recent weeks and months.

Read more

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.