Cambridge Index rises 1.5%

Various brokers reiterated their faith in shares of ARM Holdings, up 2.0%. Liberum Capital maintained its “Hold” rating on Johnson Matthey, up 3.0%, with a target price of 3400.0p. Jefferies Group initiated coverage on the stock with a “Buy” rating and a target price of 4320.0p.

Berenberg Bank increased its target price on DS Smith, up 1.4%, to 350.0p from 340.0p and maintained its “Hold” rating. Jefferies Group reaffirmed its “Hold” rating on Greene King, flat at 840.5p, with a target price of 825.0p.

CSR, up 0.1%, announced that trading in the first quarter of 2015 was at par with market forecasts and stated that outlook for the first half year will also be on track. The company, which is set to be acquired by Qualcomm Inc. in a $1.6b deal, expects to complete the deal by summer this year, subject to pending approval from Chinese authorities.

1Spatial, up 14.1%, announced that its full year revenues rose to £19.6m from £17.3m recorded in the previous year. Meanwhile, loss after tax narrowed to £1.5m from £2.2m.

In its trading update for the ten months ended 30 April 2015, Tristel, up 8.2%, indicated that its trading during the period has surpassed market expectations and added that it upgraded its pre-tax profit outlook for the full year.

AVEVA Group rallied 7.7%, amid speculation that the company may be a takeover target for companies such as Schneider Electric, Emerson and General Electric. In its preliminary results for the year ended 31 March 2015, the company announced that its total revenue stood at £208.7m, down 12% from £237.3m, while adjusted profit before tax was £62.1m, compared to £78.3m.

Canaccord Genuity reaffirmed is “Buy” rating on Dialight, up 0.7%, with a target price of 900.0p. Cyan Holdings, up 7.7%, announced that it has received a Letter Of Intent for smart meter order worth $3.0m for 200,000 meters from El Sewedy Electrometer Group EMG in Western Africa.

Amino Technologies ended flat at 133.5p. The company announced that it has acquired Finnish cloud-based platform, Booxmedia Oy, for an initial consideration of €7.9m. Northland Securities maintained its “Buy” rating on the stock with a target price of 150.0p.

Investec initiated coverage on Marshall Motor Holdings, down 0.5%, with a “Buy” rating and a target price of 215.0p. Blinkx, down 2.6%, announced that its total revenue for FY2015 stood at $215.0m compared to $247.0m posted last year, while the group delivered an adjusted EBITDA of $3.5m, compared to $39.6m. The company’s basic loss per share stood at 5.19c, compared to earnings per share of 3.23c.

Cambridge Cognition Holdings, down 7.5%, announced the unveiling of a new cloud based cognitive assessment product to speed up development of Alzheimer’s disease treatments.

UK markets ended mostly lower in the earlier week, as investors remained jittery over the debt situation in Greece. The FTSE 100 index declined 1.2% to 7,031.7, while the FTSE AIM 100 Index advanced 0.9% to finish at 3,442.4. Also, the FTSE techMARK 100 Index edged 0.4% lower to 4,026.7.

US markets closed firmer in the previous week, following the release of minutes of the last meeting of the Federal Reserve held in April, which revealed that the central bank was unlikely to increase its interest rates in June. The DJIA index gained 0.4% to 18,232.0, while the NASDAQ Index advanced 0.9% to 5,089.4.

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