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

Less Ads, More Data, More Tools Register for FREE

London pre-open: Stocks expected to open higher

Mon, 30th Apr 2012 07:22

London's benchmark index is expected to start trading with moderate gains on Monday morning following on from a strong performance for Asian stocks overnight.Meanwhile, Spanish bond yields will be in focus this week ahead of the country's debt auction on Thursday, the first auction since the country's sovereign debt rating was downgraded by Standard and Poor's last week.City sources predict the FTSE 100 will open up 18 points from Friday's close of 5,777.  Fund manager Aberdeen Asset Management has reported a solid rise in revenue and profit in its first half which it says it down to a return of investor appetite for risk assets in 2012 and an ongoing desire for yield.Revenue increased by 7% in the six months to March 31st, from £385.9m to £413.1m. Meanwhile, underlying pre-tax profit before amortisation and impairment of intangibles rose 14% from £142.8m to £162.2m.Advertising conglomerate WPP has made a small strategic investment in Enprecis, a US company which uses a proprietary online platform to collect and analyse data about consumer experience for the car industry.WPP is paying $1.2m for a minority stake in Enprecis, continuing its strategy of investing in fast-growing markets and sectors and further strengthening the capabilities of Kantar, its insight, information and consultancy group.Fidessa, the software provider focused on the financial community, reckons things will remain tough for its clients for some time, and expects some of them to leave the market altogether.Despite the challenging conditions that have persisted within the financial markets, Fidessa continued to deliver growth during the first quarter of 2012. Progress has been made across the regions, particularly with larger customers as they seek strategic partners with scale, vision and resource to support their broadening needs.  BC

Related Shares

More News
23 Aug 2018 13:16

Liontrust Investment Sells Fidessa Stake Ahead Of ION Acquisition (ALLISS)

LONDON (Alliance News) - Fidessa Group PLC said Thursday that Liontrust Investment Partners LLP has sold its entire stake in the software company afte...

2 Aug 2018 10:46

ION Capital Gains 90% Shareholder Approval For Fidessa Acquisition

LONDON (Alliance News) - ION Capital UK Ltd said Thursday it received valid acceptances in respect of 90% of Fidessa Group PLC shares, ahead of an acq...

18 Jun 2018 14:42

TOP NEWS: UK Watchdog To Probe GBP1.5 Billion Ion Deal To Buy Fidessa

LONDON (Alliance News) - The UK Competition & Markets Authority said Monday that it is considering whether the acquisition of Fidessa Group PLC by ION...

2 May 2018 17:24

CORRECT: HSBC Raises Fidessa Stake To 5.4% From Below Threshold (ALLISS)

(Correcting that Fidessa raised its stake to 5.4% from below the notifiable threshold, not that it bought a 5% stake.)LONDON (Alliance News) - Investm...

2 May 2018 17:19

HSBC Buys 5% Of Fidessa Shares Ahead Of ION Capital Acquisition (ALLISS)

LONDON (Alliance News) - Investment management software developer Fidessa Group PLC said on Wednesday that HSBC Holdings PLC bought a 5% stake in the ...

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.