Sanford C. Bernstein reaffirmed its “Market Perform” rating on ARM Holdings, down 0.1%, with a target price of 800p. The stock received mixed ratings from various other brokers.
Deutsche Bank reiterated its “Buy” rating on Johnson Matthey, down 3.3%, with a target price of 3450p. DS Smith, down 4.1%, announced that its half year revenues dipped by 1% to £1953m. Profit before tax fell by 26% to £91m. The company stated that despite the ongoing challenging economic environment, it expects the business to grow positively. DS Smith also announced that it has signed an agreement to acquire Milas packaging business of DasaMilas Ambalaj. The stock received mixed ratings from many brokers.
Greene King, up 17%, announced that its interim revenues surged 49.2% to £917.7m and profit before tax rose by 18% to £84.9m compared with the same period last year. The stock received mostly positive reviews from various brokers.
Cyan Holdings, up 5.9%, announced that it has secured a commercial smart metering contract through Enzen Global Solutions Private Limited in India amounting to £0.5m. The company also announced that it has entered into a strategic partnership agreement with Newcapec Electronics Company Limited in order to discover new opportunities in next generation smart metering applications, both in China and on a global scale. The stock is subjected to mostly positive broker ratings.
Vernalis, up 4.3%, in its AGM statement, announced that the launch of its product, TuzistraTM XR, in the US in September 2015 proved to be a major landmark. N+1 Singer reissued its “Buy” rating on Sepura, up 0.6%.
Amino Technologies, down 0.2%, announced that the trading for the year ended November was in line with the revised market expectations. The company restructured its sales team in order to address the problems faced in the second half of 2015. The stock was subjected to mostly “Buy” rating from various brokers.
Tristel, down 1.1%, announced that the French study conducted by the infection prevention and ENT departments of University Hospital, Lille on its chlorine-dioxide based wiping system showed that the product’s results are far more superior compared to a similar French product.
Canaccord Genuity reiterated its “Buy” rating on Dialight, down 3.1%, with a target price of 600p. Bango, down 5.7%, announced that it has completed the placing of 12.2m new ordinary shares at 90p per share to raise £11m before expenses.
Brady, down 42% to 45.5p, announced in its trading update that its revenue and EBITDA for 2015 will be materially below market expectations. The stock is highly illiquid and therefore susceptible to volatile price movements.
UK markets ended mostly higher last week, despite reporting a higher than expected drop in the construction and manufacturing PMI in November. The FTSE 100 index was further weighed down by losses in mining sector stocks,i declining 2.1% to 6,238.3, while the FTSE AIM 100 Index rose 2.7% to finish at 3,517.4.The FTSE techMARK 100 Index advanced 0.7% to settle at 3,986.6.
US markets closed firmer in the previous week, after the Federal Reserve Chief indicated that the central bank is prepared for an interest rate hike at its December monetary policy meeting. The DJIA index edged 0.3% higher to 17,847.6, while the NASDAQ Index gained 0.3% to finish at 5,142.3.
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