If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSage Group Share News (SGE)

Share Price Information for Sage Group (SGE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,198.00
Bid: 1,198.50
Ask: 1,199.50
Change: -8.00 (-0.66%)
Spread: 1.00 (0.083%)
Open: 1,205.50
High: 1,206.00
Low: 1,192.00
Prev. Close: 1,206.00
SGE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON BRIEFING: S4 Capital expects client spending caution to persist

Mon, 22nd Jan 2024 07:44

(Alliance News) - Stocks in London are called higher on Monday, following a tech-led rally in New York stock markets, which drove the S&P 500 to an all-time high.

The US Federal Reserve has entered its 'blackout' period ahead of next Wednesday's monetary policy decision, meaning the market will not be hearing from any of the central bank's officials.

As a result, closer attention will be paid to key economic data from the US, including fourth-quarter gross domestic product figures on Thursday, as well as core personal consumption expenditures on Friday.

"Strong US economic data has been tempering the expectation of a March rate cut from the Fed. But the Fed is still broadly expected to cut in May, if it doesn't in March," noted Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

There will also be earnings from US firms to consider, with highlights including Netflix on Tuesday and Tesla on Wednesday.

Other key events will be the Bank of Japan monetary policy decision on Tuesday, and the European Central Bank's rate call on Thursday.

Here is what you need to know at the London market open:

----------

MARKETS

----------

FTSE 100: called up 26.4 points, 0.4%, at 7,488.33

----------

Hang Seng: down 2.4% at 14,934.63

Nikkei 225: closed up 1.6% at 36,546.95

S&P/ASX 200: closed up 0.8% at 7,476.60

----------

DJIA: closed up 395.19 points, 1.1%, at 37,863.80

S&P 500: closed up 1.2% at 4,839.81

Nasdaq Composite: closed up 1.7% at 15,310.97

----------

EUR: up at USD1.0902 (USD1.0884)

GBP: up at USD1.2709 (USD1.2669)

USD: down at JPY148.07 (JPY148.18)

Gold: down at USD2,020.39 per ounce (USD2,035.35)

Oil (Brent): down at USD78.23 a barrel (USD79.06)

(changes since previous London equities close)

----------

ECONOMICS

----------

No major announcements are scheduled on Monday's economic calendar

----------

UK Prime Minister Rishi Sunak is bracing for a battle with the House of Lords over his controversial Rwanda deportation plan. The first test will come on Monday with a debate on a motion seeking to delay the Rwanda treaty. Many peers have already expressed deep unease about the stalled scheme to put some asylum seekers on a one-way flight the east African nation. But the prime minister has urged the Upper House not to block the "will of the people". Monday's debate will centre on a report by the Lords International Agreements Committee recommending Parliament should not ratify the Rwanda treaty until ministers can show the country is safe.

----------

The average homeowner in England and Wales who sold up last year made around GBP100,000 more than the amount they had originally paid for their property, according to analysis. Estate agent Hamptons, which carried out the research, looked at householders selling in 2023 who had bought their homes in the past 20 years. It found those who had bought a property within this timeframe and sold it last year sold for an average of GBP102,650 more than they paid. This was down from a record gross profit of GBP112,930 in 2022, according to the research, which used Land Registry data. In percentage terms, the average seller in England and Wales last year made a 48% gain, down from 54% in 2022. The decrease in average gains is partly due to small house price falls last year, but also because more households moved home sooner, researchers said.

----------

BROKER RATING CHANGES

----------

Barclays cuts Sage Group to 'underweight' (equal weight) - price target 985 (1,050) pence

----------

Morgan Stanley raises Berkeley target to 4,516 (3,920) pence - 'underweight'

----------

COMPANIES - FTSE 100

----------

Endeavour Mining updated on its fourth-quarter and full-year trading. The gold miner, with operations in the Ivory Coast, Senegal and Burkina Faso expects production to total 1.1 million ounces for the 2023 full year, down 8% from 2022. With all-in sustaining costs of around USD964 per ounce, the company said this will create shareholder returns of USD266 million and amount to growth investment of USD542 million. Its fourth quarter output was at 280,000 ounces, flat from the third quarter but down from 294,000 ounces year-on-year. Endeavour expects production to increase by up to 18% in 2024, thanks to several project start-ups due to commence in the second quarter. All-in sustaining costs are expected to remain low at between USD955 to USD1,0.35 per ounce.

----------

COMPANIES - FTSE 250

----------

HgCapital Trust said its manager Hg has agreed a full realisation of its shareholder in Argus Media, a provider of intelligence to the global energy and commodity markets. The deal values HgCapital's stake in Argus at around GBP52 million, which would be a 7% uplift over the pro-forma carrying value of the asset back at the end of September. The transaction is expected to close next month, subject to regulatory approvals.

----------

OTHER COMPANIES

----------

London-based advertising agency S4 Capital said its fourth-quarter trading was in line with its expectations outlined in November. Consequently, it now expects a like-for-like decline in net revenue of around 4% in 2023 as a whole, and operational Ebitda margin in the range of 10-11% - the margin was improved in the second half thanks to "significant" cost reductions. "After four years of very strong growth, 2023 was a difficult year impacted by volatile macro conditions and, consequently, cautious spending from clients, particularly those in the technology sector and from smaller project-based assignments. Our client relationships remain strong and we have also managed costs tightly," said Executive Chair Martin Sorrell. "While it is early in the year, we are not expecting 2024 to show macro-economic improvement, and client caution on marketing spend will likely persist, although not at last year's level..."

----------

Designer and builder of smart software solutions SmartSpace Software said it has received a non-binding indicative proposal for a possible cash offer from Sign In Solutions, a firm majority owned and controlled by funds managed or advised by PSG Equity. The price of 90 pence per share is one that SmartSpace's board would be "minded unanimously to recommend that shareholders accept". It represents a 32% premium to Friday's closing price of 67.98p. "The possible offer is subject to the satisfaction or waiver of a number of customary pre-conditions, including satisfactory completion of due diligence. Discussions between the parties are advancing but there can be no certainty that an offer will be made, even if the pre-conditions are satisfied or waived," the firm noted. Sign In now has until February 19 to announce its firm intention to make an offer, or announce it does not intend to make an offer.

----------

Aquaculture biotechnology firm Benchmark Holdings said it is undertaking a formal review of its strategic options, which could include the sale of the company as a whole, or one or more of its business units. The firm believes its current share price "materially undervalues" its businesses and long-term prospects. This "may at least in part be due to the tightly held and illiquid nature of its ordinary shares", it considered. The formal review will establish whether there are any potential bidders that will offer a value of the firm or its assets that the board considers to be "attractive" relative to the board's view of its intrinsic value. It is not currently in any discussions with any potential buyer.

----------

By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
24 Nov 2023 09:23

LONDON BROKER RATINGS: Investors told to 'sell' Sage and Deliveroo

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

Read more
24 Nov 2023 08:55

LONDON MARKET OPEN: Stocks slide as Black Friday retail period begins

(Alliance News) - Stock prices in London opened in the red on Friday, on a day of lighter trading volumes owing to the US Thanksgiving holiday period.

Read more
23 Nov 2023 13:37

Sage is "ticking all the boxes", says Bank of America

(Sharecast News) - Bank of America has lifted its target price for business software group Sage, saying the company is "ticking all the boxes" with its solid top-line growth, margin expansion and a new share buyback.

Read more
23 Nov 2023 10:11

LONDON BROKER RATINGS: UBS cuts Auto Trader; Bryan Garnier likes Sage

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

Read more
22 Nov 2023 16:54

LONDON MARKET CLOSE: Shares mixed on Autumn statement; pubs get boost

(Alliance News) - Stock prices in London closed mixed on Wednesday, following the UK'S Autumn statement, which had no big surprises for investors.

Read more
22 Nov 2023 15:12

London close: Stocks mixed as investors digest Autumn Statement

(Sharecast News) - London markets closed with a mixed performance on Wednesday, influenced by the Chancellor's Autumn Statement and big moves from the likes of Sage and Kingfisher.

Read more
22 Nov 2023 11:57

LONDON MARKET MIDDAY: Stocks mixed moments before Autumn statement

(Alliance News) - Stock prices in London were mixed at midday Wednesday, with the FTSE 100 edged down slightly, as investors eye the Autumn statement.

Read more
22 Nov 2023 09:48

LONDON BROKER RATINGS: RBC cuts HSBC; Liberum cuts Glencore

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

Read more
22 Nov 2023 09:18

LONDON MARKET OPEN: Stocks in the green before autumn statement

(Alliance News) - Stocks in London saw some slight gains early Wednesday, in a sign of tentative optimism before Chancellor Jeremy Hunt's autumn statement.

Read more
22 Nov 2023 09:07

TOP NEWS: Sage rises on revenue growth and GBP350 million buyback

(Alliance News) - Sage Group PLC on Wednesday reported double-digit annual revenue growth, and began a share buyback of GBP350 million.

Read more
22 Nov 2023 09:02

LONDON MARKET OPEN: Stocks head higher before UK autumn statement

(Alliance News) - Stock prices in London opened slightly higher on Wednesday, signalling cautious optimism ahead of UK fiscal policy announcements.

Read more
22 Nov 2023 07:47

LONDON BRIEFING: SigmaRoc signs USD1 billion deal for CRH lime assets

(Alliance News) - Stocks are expected to edge higher at Wednesday's market open in London, as investors look ahead to the latest fiscal announcements from the UK government.

Read more
22 Nov 2023 07:27

Sage Group reports strong year, launches share buyback

(Sharecast News) - Accounting software firm Sage Group reported underlying recurring revenue growth of 12% in its full-year results on Wednesday, reaching £2.096bn, driven by 25% growth in Sage Business Cloud to £1.628bn.

Read more
17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

(Alliance News) - The following London-listed shares received analyst recommendations on Friday and Thursday.

Read more
15 Nov 2023 15:51

UK earnings, trading statements calendar - next 7 days

Thursday 16 November 
Assura PLCHalf Year Results
Atalaya Mining PLCQ3 Results
Aviva PLCTrading Statement
Burberry Group PLCHalf Year Results
Close Brothers Group PLCTrading Statement
CMC Markets PLCHalf Year Results
Crest Nicholson Holdings PLCTrading Statement
Great Portland Estates PLCHalf Year Results
Halma PLCHalf Year Results
International Distributions Services PLCHalf Year Results
Investec PLC and LtdHalf Year Results
Kier Group PLCTrading Statement
Liontrust Asset Management PLCHalf Year Results
Manolete Partners PLCHalf Year Results
Melrose Industries PLCTrading Statement
Norcros PLCHalf Year Results
Pershing Square Holdings LtdQ3 Results
Premier Foods PLCHalf Year Results
Qinetiq Group PLCHalf Year Results
Spirax-Sarco Engineering PLCTrading Statement
Syncona LtdHalf Year Results
Tatton Asset Management PLCHalf Year Results
Tyman PLCTrading Statement
United Utlities Group PLCHalf Year Results
Young & Co's Brewery PLCHalf Year Results
Friday 17 November 
Record PLCHalf Year Results
Monday 20 November 
Big Yellow Group PLCHalf Year Results
Compass Group PLCFull Year Results
Diploma PLCFull Year Results
Polar Capital Holdings PLCHalf Year Results
Seraphim Space Investment Trust PLCQ1 Results
Sirius Real Estate LtdHalf Year Results
SRT Marine Systems PLCHalf Year Results
Tuesday 21 November 
Accsys Technologies PLCHalf Year Results
AO World PLCHalf Year Results
Avon Protection PLCFull Year Results
Caledonia Investments PLCHalf Year Results
Caledonian Trust PLCHalf Year Results
Calnex Solutions PLCHalf Year Results
Cranswick PLCHalf Year Results
CRH PLCTrading Statement
Eckoh PLCHalf Year Results
Nostrum Oil & Gas PLCHalf Year Results
Petershill Partners PLCTrading Statement
Schroder Global Real Estate SecuritiesHalf Year Results
Schroder Real Estate Investment Trust LtdHalf Year Results
Severfield PLCHalf Year Results
Telecom Plus PLCHalf Year Results
Trifast PLCHalf Year Results
Workspace Group PLCHalf Year Results
Wednesday 22 November 
Britvic PLCFull Year Results
Breedon Group PLCTrading Statement
Coats Group PLCTrading Statement
Grainger PLCFull Year Results
Helical PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
Kingfisher PLCQ3 Results
Molten Ventures PLCHalf Year Results
NextEnergy Solar Fund LtdHalf Year Results
Redcentric PLCHalf Year Results
Rotork PLCTrading Statement
Sage Group PLCFull Year Results
Severn Trent PLCHalf Year Results
Shearwater Group PLCHalf Year Results
Speedy Hire PLCHalf Year Results
Ten Lifestyle Group PLCFull Year Results
Tremor International LtdQ3 Results
TT Electronics PLCTrading Statement
Victorian Plumbing Group PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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.