Barclays reaffirmed its “Overweight” rating on the shares of ARM Holdings, down 7.4%, with a target price of 1,200p. Sanford C. Bernstein and Deutsche Bank reaffirmed their “Market Perform/Hold” ratings with the former issuing a price target of 750p.
BNP Paribas reiterated its “Outperform” rating on the shares of Johnson Matthey, down 6.3%, with a target price of 3,350p. Meanwhile, Liberum Capital restated its “Hold” rating with a price target of 3,200p. DS Smith, down 5.9%, plans to acquire the remaining 50% stake in recycling company, Italmaceri, for an undisclosed amount.
Netcall gained 1.7% to 61p, after it announced that it had won a deal to manage the entire customer engagement process of Cairn Housing Association. Vernalis shares remained flat. RX Securities has initiated coverage with a “Buy” rating.
Amino Technologies shares remained unchanged. Northland Securities restated its “Hold” rating with a target price of 100p.
1Spatial, down 1.9%, was awarded the prestigious ‘2014 Oracle Spatial and Graph Excellence Award’ in the Partnership category, at a ceremony during the Oracle Spatial Summit event.
Dialight, down 2.2%, announced a new low profile LED linear luminaire for use in applications requiring greater clearance levels. Westhouse Securities downgraded Sepura, down 2.6%, to an “Add” rating. Jefferies Group boosted its price objective from 2,093p to 2,203p with a “Buy” rating on the shares of Kier Group, despite the share price falling 2.9%.
Aveva Group, down 3.2%, announced that KBR, a global engineering, construction & services company, has substantially extended its utilisation of AVEVA technology. Additionally, D3SCOM Engineering Sdn. Bhd. has adopted AVEVA E3D and AVEVA Laser Modeller software for its brownfield projects with Owner Operators in Malaysia. Meanwhile, Barclays reiterated its “Equal Weight” rating with a price target of 2,100p.
Liberum Capital reissued its “Buy” rating on the shares of CSR, down 4.4%, with a price objective of 680p. Barclays reaffirmed its “Underweight” rating with a price target of 525p.
Meanwhile, Deutsche Bank raised its price target from 370p to 400p but maintained a “Sell” rating. Greene King, down 4.4%, announced that it has signed a 5-year sponsorship agreement with Ipswich Town. HSBC restated its “Overweight” rating with a price objective of 950p. Tristel, down 10.7%, announced that 220,000 ordinary shares have been issued and allotted pursuant to the exercise of share options by employees.
Bango, down 12.7%, hosted a ‘teach-in’ for institutional investors at Cenkos Securities in London.
UK markets finished lower on the back of disappointing UK industrial and manufacturing production data and as debt worries at the Portuguese banks emerged. The FTSE 100 index fell 2.6% to 6,690.2, while the FTSE techMARK 100 Index shed 2.8% to 3,233.5. The FTSE AIM 100 Index also dropped 4% to 3,289.
Markets in the US also fell over the week, following a global economic growth downgrade warning by the IMF Chief and a renewal of the Eurozone’s banking sector crisis eroded the risk appetite among investors. The DJIA index inched 0.7% downwards to 16,943.8, while the NASDAQ index fell 1.6% to 4,415.5.
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