AlphaValue reaffirmed its “Buy” rating on ARM Holdings, down 4.6%, with a target price of 1192p. BMO Capital Markets reiterated its “Market Perform” rating on the stock with a target price of 1075p.
AlphaValue reissued its “Add” rating on Johnson Matthey, down 5.7%, with a target price of 3108p. Berenberg raised its target price on DS Smith, down 6.2%, to 275p from 350p and maintained its “Hold” rating. Deutsche Bank reissued its “Buy” rating on Greene King, down 3.3%, with a target price of 1175p.
Marshall Motor Holdings, up 3.8%, announced that its half yearly revenues climbed 16% YoY to £632.5m and profit before tax rose 9.5% YoY to £10.4m. Based on current market conditions, the Board's outlook for the full year remains in line with its expectations.
N+1 Singer increased its target price on Amino Technologies, up 0.3%, to 202p from 148p and maintained its “Buy” rating. Investec raised its target price on Dialight, up 0.3%, to 555p from 460p and maintained its “Hold” rating.
Netcall, down 4.1%, announced that it has signed a five-year SaaS contract worth approximately £1.4m under which it will provide its Liberty multi-channel contact centre as well as joined communication solutions. Ubisense Group, down 6.8%, announced that its half year revenues fell to £10.4m from £17.3m reported last year. Loss before tax widened to £7.5m from £2.1m in the previous year.
Sphere Medical Holding, down 11.5%, announced that it has retained all the commercialisation rights of Proxima 4 and is free to enter into discussions with other interested partners who might want to acquire the rights, after Ortho Clinical Diagnostics opted out of further acquisition talks..
Vernalis, down 12.1%, announced that the results from its Phase II proof-of-concept study for its fatty acid amide hydrolase inhibitor failed to meet its pain-reduction primary endpoint. The company also announced that Ms Lisa Amster Schoenberg has been appointed as Non-Executive Director to the board with immediate effect from 1 September 2015. The stock was subjected to mostly positive rating from various brokers.
UK markets ended sharply lower last week, amid concerns over Chinese slowdown, declining crude oil prices and weak global growth. The FTSE 100 index reduced 5.5% to 6,187.7, while the FTSE AIM 100 index declined 2.6% to finish at 3,316.9. The FTSE techMARK 100 Index fell 4.4% to settle at 3,673.
US markets closed lower in the previous week, as a result of the above macro-economic issues. The DJIA index fell5.8% to 16,459.8, while the NASDAQ Index fell 6.8% to finish at 4,706.
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