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Fidessa shares soar on profits beat but is the market getting a bit too carried away featured picture

Fidessa shares soar on profits beat but is the market getting a bit too carried away

Shares in Fidessa (FDSA) leapt 9% on Monday thanks to a full year 2017 beat on profits and hints that investors can expect profit margins to strengthen further down the line. That’s an impressive surge for a FTSE 250 company that at £28.35 per share, values the business at just shy of £1.1bn. This rally is not in isolation either. The stock has advanced 30% since 6 February, including ...
Market report: Reckitt Benckiser 2017 results fall flat and AstraZeneca secures approval for key drug featured picture

Market report: Reckitt Benckiser 2017 results fall flat and AstraZeneca secures approval for key drug

The FTSE 100 is struggling for direction early on, up a handful of points just short of the 7,300 mark, despite strong trading in Asia overnight. Consumer goods business Reckitt Benckiser (RB.) falls 3.8% to £63.20 as like-for-like sales for 2017 come in flat and margins come in just below consensus. The company, which owns brands such as Cillit Bang and Clearasil is guiding for growth of ...
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