Credit Suisse downgraded the shares of Johnson Matthey, which fell 2.5% during the week, to “Neutral” from “Outperform”. Greene King, up 1.8%, revealed that four of its Executive Directors and PDMRs (Persons Discharging Managerial Responsibilities) have acquired shares in accordance with Greene King’s Deferred Share Bonus Scheme. The company was designated a “Buy” rating from Deutsche Bank.
ARM Holdings, up 0.1%, was assigned a “Sell” recommendation from Societe Generale and Liberum Capital. The company pared almost all of its weekly gains on Friday, ahead of its half-year results scheduled to be released this week. AVEVA Group, flat at 2,501.0p, was rated as “Overweight” by Morgan Stanley.
Cyan Holdings rallied 13.9% and emerged as the top gainer on the Cambridge Index. 1Spatial gained 13.8%, after announcing that its 1Spatial Management Suite V1.0 and Radius Studio V2.3 are recognised by Oracle. PDX, up 10.6%, acquired online social gaming & gambling businesses, Gaming Realms Limited, BeJig Limited and AlchemyBet Limited, in a deal worth about £12.1m.
Ubisense Group, up 9.2%, posted record orders worth about £17m, during the half-year ended 30 June 2013, and further revealed that it has won a contract worth above €1m from a large European automotive manufacturer for its Smart Factory System.
Brady, up 3.4%, appointed Bob Beveridge as Non-Executive Director and Chairman of audit committee. Netcall, up 1.6%, announced that it has performed well in the second half and anticipates its full year results to reflect a noteworthy gain in revenues while post adjusted EBITDA is expected to be in line with market expectations.
Sphere Medical Holding fell 11.7% and emerged as a top decliner on the Cambridge Index after raising about £8.5m through share placing. Sareum Holdings, down 5.0%, announced that it has selected a preclinical development candidate from its Aurora+FLT3 kinase programme. Amino Technologies, down 1.7%, noted that its underlying revenue for the six months period ended 31 May 2013 remained flat at £20.1m, while operating profit surged more than ten times to £2.61m from £0.20m.
In the UK, the FTSE 100 index rose 1.3% at 6,630.7 during the week, as investors’ sentiment were boosted following the release of better-than-expected domestic retail sales and jobless claims data. Meanwhile, the Bank of England’s 3-4 July meeting minutes revealed that policymakers voted unanimously in favour of maintaining the lending rate unchanged at 0.50% and keeping the bond-buying stimulus scheme unchanged at £375 billion. The FTSE techMARK 100 Index added 0.2% to 2,887.4, while the FTSE AIM 100 Index rose 0.1% to 3,328.9.
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Cambridge Index eases 0.7%
23 July 2013
The Cambridge Index fell 0.7% or 111.6 points to 15,585.7, in spite of gains in broader indices, as index bellwethers Johnson Matthey and DS Smith posted losses.