Microgen Share News (MCGN)

Microgen Pretax Profit Declines As Revenue Drops; Maintains Dividend

LONDON (Alliance News) - Microgen PLC said Wednesday its pretax profit declined as revenue dropped in 2013, hit by declines in its Aptitude Software and Financial Systems businesses. The IT technology and services company maintained its total dividend at 3.3 pence, in addition to the specia

Microgen Proposes GBP10 Million Tender Offer In Strategic Review

Microgen margins expand despite falling top line

London-listed business software firm Microgen said that trading in its first half was 'satisfactory' as it made no change to its interim dividend after a fall in revenues. The company, which develops software to automate complex business processes, control accounting data and process financial tran

STOCKS NEWS EUROPE-UK small caps underperform wider market

UK small caps gain 0.11 percent by midday, slightly underperforming AIM-listed stocks, up 0.18 percent, and the mid-caps, which are 0.19 percent stronger. Iofina falls 7.6 percent after the chemical group says its chief executive Lance Baller has resigned on health grounds and efforts to re

Wednesday broker round-up UPDATE

Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra

Monday broker round-up UPDATE

Bioquell: Investec shifts target price from 136p to 141p and keeps a hold recommendation. blinkx: Canaccord Genuity moves target price from 125p to 135p reiterating its buy recommendation. Britvic: Panmure Gordon increases target price from 380p to 460p and retains a hold recommendation. BT Group

Intu Properties Deputy Chairman continues to build stake

John Whittaker, the Deputy Chairman of Intu Properties, has continued to show his support for the company after it was relegated to the FTSE 250 by boosting his stake in the group to 20 per cent. In two separate transactions the well-known property mogul purchased 600,000 shares worth £1.98m and t

Tuesday broker round-up UPDATE

Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its

STOCKS NEWS EUROPE-UK small caps close up 0.5 percent

UK small caps close up 0.5 percent, while the midcaps are up 0.1 percent, and the blue chips, up 0.3 percent. Sula Iron & Gold, an exploration company focused on Sierra Leone, jumps 9.5 percent after it announces high grade channel sample results and the signing of a drill contract. M

Monday broker round-up UPDATE

Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank

Microgen drops on contract delays

Administration software firm Microgen saw its shares lose seven per cent of their value after it said a number of deals in the financial sector were taking longer to complete than expected. This meant revenues in the second six months of 2012 were now expected to be around 10% lower than the first

Monday broker round-up -UPDATE

Afferro Mining Inc: Investec retains buy recommendation and target price at 107p. Antrim Energy Inc.: Westhouse Securities keeps buy recommendation and target price at 70p. ASOS: Investec ups target from 2,450p to 2,675p, buy rating kept. Aveva: Investec keeps buy rating and 2,200p target. Bovis

Thursday broker round-up

Barclays: Deutsche Bank retains buy rating and 295p target. Burberry: Credit Suisse upgrades to outperform, target lifted from 1,420p to 1,650p. Centamin: Nomrua upgrades from neutral to buy, target lifted from 100p to 130p. Circle Oil: Investec cuts target from 90p to 86p, buy rating maintained.

Tuesday broker round-up

ARM Holdings: Nomura maintains neutral rating and 600p target. Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target. Barclays: Investec maintains buy rating and 240p target. BBA Aviation: Jefferies keeps buy rating and 250p tar

Cable and Wireless Comms CEO stocks up

Tony Rice, the Chief Executive Officer of Cable and Wireless Commnutications, has bought up a chunk of shares in the firm, taking advantage of the stock's ongoing decreased share price. Rice, who last year earned $1.08m in a basic pay, cash bonuses of $466,000, and $2.6m from the firm's five-year