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Broker snap: Counter offers for Logica unlikely, says Merchant Securities

Merchant Securities has assessed the possibility of a counter-bid for business and technology service company Logica, one day after Canadian group CGI...

Friday broker round-up - UPDATE

SAB Miller: Credit Suisse reiterates outperform; Societe Generale upgrades to buy from hold, while raising target to 2,800p from 2,600p. ITV: Investe...

London close: Stocks drop after gloomy US data

- US GDP, payrolls, jobless claims, Chicago PMI disappoints - Spain continues to dampen sentiment - M and A boosts IHG and Logica Despite a strong s...

Sector movers: Logica's surge boosts software stocks

Software and computer services stocks were making strong gains on Thursday afternoon, as the sector got a massive lift from FTSE 250 firm Logica which...

FTSE 250 movers: Logica soars 65 per cent on bid news

Business consultancy Logica rocketed 65 per cent early on after news of an agreed bid from Canada's CGI Group. Information technology and business pro...

London midday: IHG leads stocks higher

- IHG jumps on M and A speculation - Logica soars after CGI bid - Stocks rise but eyes still focus on Eurozone Stocks had held on to early gains by T...

Broker tips: Prudential, Logica, Premier Oil

Nomura says that Prudential's acquisition of Reassure American Life Insurance Company (REALIC) from Swiss Re will indeed provide a short-term boost to...

Broker snap: CGI's bid for Logica 'opportunistic', says Peel Hunt

Peel Hunt has downgraded its rating for technology services group Logica from buy to hold and raised its target price from 95p to 105p following Thur...