ARM Holdings, up 4.5%, announced its recent foray into chip designing for servers with an aim to capture 10% of market share in three years.
With an objective to fulfil the emission limits of the EPA’s New Source Performance Standards, Johnson Matthey, up 2.7%, announced that using their Selective Continuously Regenerating Technology (SCRT) cuts NOx, PM, Carbon Monoxide and HC emissions from stationary diesel engines.
DS Smith, up 0.4%, announced that it has invested in Cambridge UK technology firm CRedit360 to track its environmental and social impacts with greater precision.
Frontier Developments soared 31.6%, extending its gains from the previous week, after announcing the release of its ‘Elite:Dangerous’ Alpha phase 3.0.
Brady jumped 10.9% after its full year pre-tax profit climbed to £0.9m from £0.8m in the prior year. Domino Printing Sciences, up 3.8%, stated that the sales in the four months ended February 2014 were 5% higher than the same period last year. Liberum Capital reiterated its “Buy” rating on the shares of Sepura, up 0.4%, with a current price objective of 162p.
Xaar dropped 6.6%, after the announcement of CEO, Ian Dinwoodie’s intention to step down. Meanwhile, it posted a pre-tax profit of £40.1m in 2013, which more than doubled from its last year’s £15.7m profit, as revenues rose to £134.1m from £86.3m.
Numis Securities reiterated its “Buy” rating on the shares of Quixant, down 5.9%, with a current target price of 190p. N+1 Singer reissued its “Sell” rating on Abcam’s shares, down 5%, with a current price target of 392p. 1Spatial, down 4.4%, announced that they are Gold Sponsors of the Geospatial Conference in Tunis taking place from the 17th to the 21st March in Tunisia.
Amino Technologies, down 0.5%, is set to widen its base with new solutions encompassing connected devices, home monitoring and an over-the-top (OTT) platform.
Bango dropped 4.6%, after it reported a full year loss of £4.9m. UBS upped its price target from 580p to 750p and currently has a “Neutral” rating on the shares of CSR, down 1.4%.
Sagentia Group, down 3.2%, recently announced that the first year's earn out for Quadro Design has been met and accordingly, the vendors are jointly entitled to 20,000 ordinary shares of 1p in the company.
UK markets managed to end the week mostly on a positive note, as Ukrainian fears somewhat eased among investors. The FTSE 100 index rose 0.4%, to 6,557.2. The FTSE techMARK 100 Index also advanced 1.3% to 3,194.9, while the FTSE AIM 100 Index slipped 2.3%, to 3,843.9.
US markets ended higher, as the recent batch of encouraging domestic macroeconomic data more than offset fears of a sooner-than-expected rate hike in the US, as hinted by Fed Chief Janet Yellen. The DJIA index gained 1.5%, to close at 16,302.8. The NASDAQ index also rose 0.7%, to settle at 4,276.8.
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