JPMorgan downgrades Sage Group to ‘neutral’ following recent profit warning
Analysts at the US bank said they still believe in Sage's ability to accelerate revenues but "confidence has been damaged"
Company
The Sage Group PLC
LON:SGE
The Sage Group PLC provides business software, services and support to small and medium-sized businesses. Sage's vision is to become a great SaaS (software-as-a-service) company for customers and colleagues alike.
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FTSE 100 closes below 7,200 as pound firms and crude weakens
The FTSE 100 closed below the 7,200 level as sterling continues to strengthen against the dollar
Royal Mail Group delivers share drop as RBC Capital downgrades stock
Ultra Electronics and Melrose were boosted by analyst comments as the week drew to a close
Sage Group cuts annual revenue guidance after first half misses expectations
Sage Group said organic revenue was hit by slippages in some enterprise licence contracts in the US and the Middle East
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FTSE 100 closes modestly higher as Syrian fears recede
After an up-and-down day, the FTSE 100 finished in positive territory after a late surge
Investments and investor services
FTSE 100 closes firmly lower as strong pound weighs
The FTSE 100 index – which is chock full of dollar earners – closed around 108 points lower at 7,170
Sage no longer a sell now that reality has set in
There is less talk now from Sage about acquiring gazillions of new customers and more emphasis on deriving more revenue from the installed user base
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Smith & Nephew, Bellway and Compass to provide Thursday’s City highlights
Smith & Nephew, Bellway Plc and Compass are on the Thursday's agenda.
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Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
Numis Securities cuts Sage Group rating to ‘hold from ‘buy’ following trading update
Numis’ analysts noted that Sage stated that its first quarter performance was "in-line" with management expectations, with revenue growth of 6.3%
The Sage Group disappoints with organic revenue growth
The accountancy software giant has kept unchanged its full-year guidance for organic revenue growth despite a slow start to the year
Investments and investor services
FTSE 100 closes in the red as sterling booms
“If he intended it, Treasury Secretary Steven Mnuchin has done a first class job of whacking the dollar,” declared Neil Wilson at ETX Capital. .
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More Brexit rants expected from Wetherspoons founder in Christmas trading update
The day ahead includes trading updates from Wetherspoons, WH Smith, Fevertree and Sage Group
FTSE 100 edges higher as "Spreadsheet Phil" sings 'This old house'
Lloyds's shares were changing hands at a rate of knots, while the house-builders saw some of their recent handsome gains creamed off
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Hammond under pressure to cut deficit and boost public spending in Budget amid Brexit talks
It's all about the Autumn Budget on Wednesday with the spotlight on Philip Hammond
The Sage Group lifted as BarCap abandons bearish position
The bank has only moved to "equal weight" (and raised the target price) but thinks efforts to juice-up organic growth might revive the market's interest in Sage
Sage Group top blue chip riser after UBS upgrade
UBS analyst Michael Briest thinks the recent acquisition of Intacct, though expensive, is a good move
Sage Group shares drop after accounting software's firm's US850mln push into the cloud
The blue chip group – which in June announced the sale of its North American payments business to private equity firm GTCR LLC for US$260mln - said the total consideration for Intacct Corp will be paid in cash and rolled-over options
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Glaxo hoping not to make a right Horlicks of combating generics challenge
The recently-announced sale of Horlicks may be the sign of an increased focus on the drugs pipeline
UK tech stocks dumped as sharp sector sell-off on Wall Street continues following negative broker comment
Among the blue chips, software company Micro Focus and accounting software provider Sage Group were among the biggest fallers, shedding 3.5% and 2.5% respectively
FTSE 100 finishes lower amid UK political uncertainty and US tech sell-off
Around 8.45am, the UK blue chip index was about 24 points lower at 7,503, having gained around 1% on Friday after international stocks benefited from sterling’s falls
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Deterioration of conditions for grocers eyed in updates from Sainsbury and Ocado
Day ahead; J Sainsbury, Ocado, Imperial Brands, Paddy Power Betfair ...
FTSE 100 shares end softer but smaller caps gain
FTSE 100 ended softer on Thursday following sharp falls by Sage Group and Unilever, while mid- and small-cap stocks gained
Investments and investor services
Sky, Unilever and Diageo all on the agenda for a busy Thursday
BT Group shocked investors earlier this week so many will be waiting on tenterhooks to hear whether TV and broadband bundling rival Sky is faring better.
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Small decline in 2016 revenue tipped for Unilever
Also reporting: Diageo, Daily Mail, Sky, Anglo American, Lonmin, St James's Place and Whitbread
FTSE 100 hits fresh record high as sterling sags
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
Sage Group evaluating strategic options for its North American payments business
Accounting software provider Sage Group is evaluating strategic options for its North American payments business, including a possible sale. However, it said there can be no certainty that the move will lead to any deal.
FTSE 100 stocks march higher, miners lead
FTSE 100 stocks marched higher on Wednesday with miners the top gainers
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Week Ahead: Are overseas buyers returning to Berkeley's London homes?
Big names reporting this week: Aberdeen Asset, Merlin Entertainments, Daily Mail, Sage Group and Berkeley Group
London shares hit fresh 14-month highs as brokers say weaker sterling could be good
London blue-chip and mid-cap stocks closed higher on Monday and both indices marked a fresh 14-month high with healthcare equipment, miners, pharma and biotech sectors driving the gains
FTSE 100 hits 52-week high as Shell and BP advance
Leading stocks pushed on over the lunchtime session, helped by the strength of oil stocks as the price of Brent crude rallied
FTSE 100 edges higher as oil gains outweigh mining losses
The FTSE 100 edged higher on the back of little or no corporate news, but the FTSE 250 retreated as Bovis disappointed with its trading update
Investments and investor services
FTSE 100 Index edges higher as pound falls
The price of a barrel of Brent crude fell 0.449% to US$44.52
NetSuite advances over takeover rumours
Shares in NetSuite Inc were up on Tuesday as rumours continued to swirl that the cloud computing company could be a takeover target
US top stocks snap 5-day losses but smaller stocks fall with sharp oil prices declines
US stocks managed to snap a five-day losing streak at the Thursday close, as the S&P 500 staged a reversal in spite of sharply lower oil prices
US shares flat-to-lower as Brexit weighs and oil prices fall off sharply
US shares were flat-to-lower at midsession on Thursday as concerns that Britons will vote in favour of quitting the European Union continued to send shockwaves while oil prices made a strident fall
Could Netsuite and Sage link up in the next big tech deal?
Speculation has emerged that Microsoft’s LinkedIn tie-up could spark more tech-sector takeovers, with Sage Group a potential winner or loser in any deal. The next big merger could be a takeover of US groups NetSuite Inc or Ultimate Software
PREVIEW: Big four sales fall bodes ill for Morrisons
Aldi, Lidl and the Co-op continue to take market share away from the Big Four
Sainsbury's results put UK retail under spotlight again
As if the UK retail sector hadn't had enough coverage last week, it's now the turn of Sainsbury's....
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FTSE 100 puts in a late spurt
Sage led the Footsie higher though it did not quite make it back above 6,000.
Risers & Fallers: blur Group, Creston, Filtronic, London Capital Group, Petra Diamonds, RPS Group
Crowd-sourcing platform provider blur was wanted after it revealed earnings for 2015 would be slightly ahead of expectations.
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Morrisons no longer a sell reckons HSBC
Companies covered: Morrisons, DS Smith, Sage Group, IHG, JD Sports, Rolls-Royce, Betfair and DekelOil
Investments and investor services
FTSE100 ends much lower after OPEC meeting
The FTSE100, which had been just slightly lower at lunch, eased further, ending the day at 6,228, a drop of 46 points
Market: Anglo rises despite likely divi cut
The UK’s main index lost around 8 points to 6,266
FTSE 100 drifts lower on Draghi, OPEC and jobs
FTSE 100 dipped 10 points to 6,264, with similar–sized falls in France and Germany
FTSE 100 consolidates early gains
FTSE 100 was 21 points higher at 6,416 ahed of the US opening
Investments and investor services
London shares rise but UK construction figures disappoint
The FTSE 100 Index rose 24.37 points to 6420.02 in early trading
Wednesday's agenda: Greene King in high spirits
Are the Chinese really going mad for Greene King's bitter? Do they drink it when they "go out for an English"?
Week ahead: OPEC unlikely to offer much relief
Next week, the Organization of the Petroleum Exporting Countries (OPEC) will meet.
Stock market happy with Osborne's tome and tone
FTSE 100 was up around 60 points soon after George Osborne sat down, consolidating gains made earlier in the day.
Investments and investor services
Risers & Fallers: AstraZeneca, Horizonte Minerals, Active Energy, Regency Mines, KAZ Minerals...
Below are the main news-driven share price movements at 4pm.
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Wednesday's agenda - Investors recommended to muscle in to ARM shares
Flying onto the news radar midweek will be budget carrier EasyJet and chip designer ARM Holdings....
Investments and investor services
FTSE 100 higher as Greece banks get ECB cash
German parliament signed off on the £60bn rescue package last week.
Monday's most followed: Barclays, Greece, Travelodge...
FTSE100 higher but gold price tanks as Greece situation eases
Investments and investor services
Week Ahead: Emerging markets growth a concern at Unilever
Property companies feature heavily this week, but the man in the street may be more interested in an update from consumer goods giant Unilever, maker of the mighty/manky Marmite.
Investments and investor services
Risers and Fallers: Daniel Stewart, Imaginatik, Eden Research, Trap Oil, Independent Res, Sefton
If anyone should be able to get a share issue away at a premium, it should be a stockbroker, such as Daniel Stewart
Investments and investor services
Risers and fallers: Elementis, Morrisons, Sainsbury's, Sage Group, Serco Group, Telecom Plus
Supermarkets are on the shopping list of many investors