ARM Holdings announced a buy-back of 91,043 ordinary shares at a volume weighted average price of 824.5p apiece to be held in Treasury.
Johnson Matthey, up 3.2%, announced that it has agreed to acquire the battery materials business of Clariant AG for $75m and the transaction is expected to complete early in 2015. Goldman Sachs reaffirmed its “Conviction-Buy” rating with a price objective of 3,980p. Liberum Capital reiterated its “Hold” rating with a price target of 3,280p.
1Spatial added 6.1% to 6.6p, after the company’s adjusted earnings before income, taxation, depreciation and amortisation more than doubled to £1.2m for the six months ended 31 July, from £0.48m in 2013. Revenues also rose to £10.1m in 1H14, from £7.8m, however, its pre-tax loss widened to £0.68m from a loss of £0.37m.
Amino Technologies, up 4.7%, announced that it has won a contract to provide its new A150 IPTV set-top box to a leading European network operator. FinnCap reaffirmed its target price of 133p. Jefferies restated its “Buy” rating on Aveva Group, up 3.9%, with a price objective of 1,760p.
The deadline for the proposed acquisition of the Spirit Pub Company Plc by Greene King has been extended until 04 November. Dialight, up 0.9%, unveiled its 110-lm/W Class I, Division 1 certified LED lighting fixture for hazardous locations, the most energy efficient Class 1, Division 1 LED High Bay available to date, featuring 110 lumens per Watt efficiency and 10-year full-performance warranty.
Cambridge Cognition Holdings, down 0.6%, strongly backed the launch of The Medical Research Council (MRC) Dementia Research Platform UK (DPUK). Cambridge Cognition mentioned that its ‘Cantab Connect’ is playing a significant role in the ongoing DPUK Dementia Deep and Frequent Phenotyping feasibility study.
Ubisense Group, down 1.6%, announced that it has been awarded a six-figure contract by an off-road vehicle manufacturer to use Ubisense's Smart Factory technology at one of their plants in the US.
UK markets finished higher in the past week, helped by the Bank of Japan’s stimulus expansion and after the Bank of England proposed softer-than-expected rules for UK banks. The FTSE 100 index was up 2.5% to 6,546.5, while the FTSE AIM 100 Index added 2.7% to finish at 3,138.1.The FTSE techMARK 100 Index also improved 3.6% to 3,252.3.
US markets closed higher in the earlier week as a marginal rise in the consumer prices hinted that the Fed would keep interest rates low for a longer time. The DJIA index added 2.6% to 16,805.4, while the NASDAQ Index advanced 5.3% to 4,483.7.
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