Liberum Capital reiterated its “Sell” rating on ARM Holdings, down 3.8%, with a target price of 650p. The stock received mixed ratings from other brokers.
Johnson Matthey, down 6.1%, announced that one of its oil and gas services subsidiary, Tracerco, has won a contract to provide smart tracer technology for flow measurement of six new well of StratOil’s Maureen reservoir of the Mariner field in the UK North Sea.
DS Smith, down 6.4%, announced that world’s first wide web digital preprint press will be delivered to the company in 2016 to its Featherstone site in West Yorkshire. Canaccord Genuity reiterated its “Buy” rating on Greene King, down 6.4%, with a target price of 1100p. Goldman Sachs downgraded its rating on the stock to “Neutral” from “Buy” with the same target price.
Liberum Capital and Panmure Gordon reaffirmed their “Hold” ratings on AVEVA Group, down 2.7%, with target prices of 2360p and 1857p, respectively.
Brady, up 2.7%, announced that its Energy Trading and Risk Management solution has been chosen by Clean Energy Sourcing AG, a European energy supply company, to manage its renewable energy trading, position, risk, and back-office operations.
Sepura, up 1.2%, announced that Acabus, the bus network of Acapulco, has selected Teltronic, a part of the group, for the delivery of a digital communications system for Bus Rapid Transit (BRT) corridor. Bango, which remained unchanged at 91.5p, announced that it has launched the second phase of its Bango Boost initiative that enables Mobile Network Operators (MNOs) and app stores to further accelerate end user spend. The three initial MNOs that used the product benefited from a 22-39% uplift in end user spend.
1Spatial, flat at 5.4p, announced that it has entered into a contract with a major US Commercial Data Provider to provide its 1Integrate solution to a US Federal Government Agency. The multi-year contract will be worth approximately $1.3m.
Cambridge Cognition Holdings, unchanged at 87.5p, announced that it has launched its new medical application, CANTAB Insight, which is designed to assess the cognitive health of an individual in order to give faster access to the right treatment and care.
Xaar, down 0.9%, announced that Chris Morgan has been appointed as the Non-Executive Director and will join the board from 4 January 2016. It also announced that Richard Barham, Chief Customer Officer, has resigned from the board with immediate effect.
Netcall, down 1.9%, announced that it has secured its first contract under the procurement agreement with the UK government to provide its Liberty Appointment Management Cycle product to a National Health Service Foundation Trust. The expected value of this three-year contact is around £0.4m, with an option to extend a further two years.
UK markets ended lower last week, led by falls in the commodity sector. The Bank of England also kept its benchmark interest rate unchanged at 0.5%. The FTSE 100 index slid 4.6% to 5,952.8, while the FTSE AIM 100 Index fell 2.3% to finish at 3,437.6. The FTSE techMARK 100 Index declined 1.8% to settle at 3,913.5.
US markets closed weaker in the previous week, as investors await the Federal Reserve’s decision regarding a likely interest rate hike. The DJIA index edged 3.3% lower to 17,265.2, while the NASDAQ Index lost 4.1% to finish at 4,933.5.
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