News & Tips: Smith & Nephew, ITV, Globo, Micro Focus, Ascent Resources & more

Equities are up marginally in thin Christmas Eve trading.


Sell recommendation Smith & Nephew (SN.) has completed the acquisition of Healthpoint Biotherapeutics for $782m.

ITV (ITV) has confirmed plans to expand further in the US after paying $60m for a 61.5 per cent stake in Gurney Productions, a producer for US networks. Buy.

Property business Redefine International (RDI) is to acquire a newly finished retail property for a total cost of €4.18m. We keep our buy rating.


Micro Focus (MCRO) has reached an agreement to acquire several product lines from software business Progress Software Corporation for $15m.

Software as a service specialist Globo (GBO) has signed up a second European mobile network operator for the commercial launch of its GoEnterprise software which allows businesses to optimise their systems for use on mobile devices.


Daniel Stewart’s (DAN) interim results illustrate how tough life is for small cap brokers with revenues dipping from £3.6m to £3.1m but the company says that recent trading has shown an improvement.

Shares in Ascent Resources (AST) have taken a battering this morning after the company said it had agreed a convertible loan note with Henderson Global Investors worth £5.5m.


Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now