|Bid||1,240.00 x 25600|
|Ask||1,400.00 x 28500|
|Day's Range||1,349.50 - 1,388.50|
|52 Week Range||782.20 - 2,749.00|
|PE Ratio (TTM)||20.61|
|Forward Dividend & Yield||0.51 (3.82%)|
|1y Target Est||N/A|
MILAN/LONDON (Reuters) - Italy's two anti-system parties' progress to form a coalition and free up billions of euros for tax cuts and welfare scared off investors and hit the Milan bourse on Wednesday while a weak euro provided support to the broader European market. The pan-European STOXX 600 (.STOXX) index rose 0.2 percent, hovering around its highest level since early February but Italy's FTSE MIB (.FTMIB) fell 2.3 percent, its worst fall since the election took place in early March. Italian banks , which are seen as a proxy for political risk in the country due to notably to their government bond holdings, fell 3.68 percent as borrowing costs jumped.
U.K. stocks advanced Wednesday, finishing at a four-month high as shares of Burberry and Paddy Power Betfair climbed after well-received corporate updates. The FTSE 100 index (^FTSE) rose 0.2% to 7,734.20, its highest close since Jan. 16, according to FactSet data. A weaker pound tends to boost the FTSE 100 as the index’s components make the bulk of their earnings overseas, with a softening sterling lifting revenues when converted back into the U.K. currency.
The Dow Jones industrials lagged Wednesday's early action as the market defended narrow gains. Teva, Macy's, Boot Barn and China's Tencent set up early leads.
Britain's leading software company Micro Focus International (MCRO.L), reeling from a major profit warning in March, said a new $40 million (29 million pounds) licensing deal would help bolster its first-half revenue. The FTSE 100 company, which manages older software for customers including banks and airlines, announced the departure of its chief executive in March as it cut its revenue outlook due to problems integrating assets from Hewlett Packard Enterprise (HPE.N). Stripping out the impact of the new contract, Micro Focus said its underlying revenue was still towards the better end of the guidance range.
The news comes about two weeks after Bloomberg reported that Elliott, the New York hedge fund run by billionaire Paul Singer, had built a position in Micro Focus and plans to push for changes at the company. Private equity firms could be interested in all or parts of Micro Focus and some buyout firms have crunched the numbers and spoken to banks about the feasibility of a deal, Bloomberg reported then, adding that no formal talks between the company and potential buyers were underway.
(Reuters) - Activist investor Elliott has disclosed a 460 million pound ($656 million) position in Britain's biggest hotel and coffee-shop operator Whitbread Plc (WTB.L). Elliott's stake of more than 6 ...
Micro Focus International plc (NYSE:MFGP), a software company based in United Kingdom, led the NYSE gainers with a relatively large price hike in the past couple of weeks. With manyRead More...
By Helen Reid LONDON (Reuters) - European shares inched up to new one-month highs on Friday as trade tensions showed signs of easing, while results disappointments drove some sharp moves. The STOXX 600 ...
A spate of dealmaking and strong financial stocks were outweighed by anxiety over the Syrian conflict and a rising pound on Thursday, keeping Britain's FTSE 100 flat. Britain's leading stock index (.FTSE) ended the day up 0.02 percent at 7,258.34 points, lagging European indices which gained in a recovery rally as some saw an easing of tensions over possible U.S. military action in Syria. "You've got the trade concerns on one side ... and you've got the threat of a military conflict in Syria, so while that's top of the agenda it's hard so see how the market can pave a road to recovery," Jasper Lawler, head of research at London Capital Group, said.
Micro Focus (MCRO.L) shares surged on Thursday, with traders citing a Bloomberg report that hedge fund Elliott Management has taken a stake in the UK software firm. The report, citing unnamed sources, said Elliott has built a position in Micro Focus and plans to push for changes at the firm, without detailing the size of Elliott's holding or the changes in question. Micro Focus shares were pummelled by a sales warning and its CEO's departure on March 19.
Elliott Management Corp., the New York hedge fund run by billionaire Paul Singer, has built a position in Micro Focus International Plc and plans to push for changes at the U.K. software company, according ...
Micro Focus International plc (MFGP) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock
It isn’t every day that traders cut one of the FTSE 100’s blue chips in half. That plunge in Micro Focus International’s shares has the bulls snorting it’s overdone. But the bears are making a convincing ...
Dow Jones Global Indexes | Global Stock Markets It isn’t every day that traders cut one of the FTSE 100’s blue chips in half. That plunge in Micro Focus International’s shares this past week made Facebook’s ...
Moody's Investors Service has today changed the outlook to negative from stable on Micro Focus International plc's ratings. Concurrently, Moody's affirmed the B1 corporate family rating (CFR), B1-PD probability ...
Britain's FTSE 100 index gained on Tuesday, with banks leading the way after data showed a small slowdown in inflation, while Fenner shares surged after a takeover offer from tyre maker Michelin. In the second approach for a UK mid-cap firm in as many days, Fenner (FENR.L) jumped 24 percent to the top of the FTSE 250 after France's Michelin (MICP.PA) made a 1.2 billion-pound ($1.7 billion) bid for the engineering company. "Our first take is that the deal looks good and offers a healthy premium especially in light of Fenner's very strong recent share price performance," said Stifel analysts.
Micro Focus’s $8.8 billion merger with Hewlett Packard’s software business represented a rarity 18 months ago: a British tech company taking over a foreign one, rather than the other way around. It hasn’t ...
On a day stocks fell hard, Micro Focus plummeted on a worsening outlook for software sales, and Heron Therapeutics soared after reporting strong results from a drug trial.
Micro Focus International plc (NYSE:MFGP) trades with a trailing P/E of 20.8x, which is lower than the industry average of 34.6x. While this makes MFGP appear like a great stockRead More...