Company
The Sage Group PLC
LON:SGE
The Sage Group PLC provides business software, services and support to small and medium-sized businesses. Sage's vision is to become a great SaaS (software-as-a-service) company for customers and colleagues alike.
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FTSE 100 closes lower as commercial real estate drags down the index
The UK's blue chip index lost 0.4% on the day to finish at 7,723 points
Sage jumps on rising revenue
Looking forward, Sage said it expects organic recurring revenue for the current financial year to be ahead of FY22
Sage expands digital network with acquisition of US connected accounting firm Lockstep
The Lockstep platform enables network connections into more than 40 different accounting solutions
Sage Group expects top-end sales growth
Growth of recurring revenue has accelerated as the year has progressed, up 10% in the third quarter
Sage sees slight dip in pretax profit, expects other revenue to decline
Though "mindful of increased macroeconomic and geopolitical uncertainties" the software specialist company left its full year outlook unchanged
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FTSE 100 ends higher on Friday 13th after roller coaster week as Wall Street rallies following falls
At the close, the UK blue-chip index was 184.81 points, or 2.6% higher at 7,418.15, just below the day’s peak of 7,421.95 and well above the session low of 7,233.34
Sage buys remaining 83% of Brightpearl for US$299mln
Brightpearl's retail operating system platform manages over 10 million transactions and US$5bn of business a year
Sage sees continued strong cloud performance boosting revenues
Sage forecast revenue growth of 8%-9% for the current financial year to end-September 2022
Sage confident over cloud switch but profits drop
"We believe that small and medium-sized businesses will lead the recovery," said chief executive Steve Hare
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FTSE 100 closes 1.15% up but big miners weigh on the benchmark
The UK's index of leading shares finished up over 80 points, or 1.15%, at 7,043
Has Sage Group PLC lowered expectations enough ahead of results?
For its first quarter, the FTSE 100 company reported an 11.3% rise in subscriptions
Sage up to neutral as UBS says firm more balanced in the near term
“Expectations have been lowered sufficiently and the prioritisation of annualised recurring revenue growth by [management] is in tune with investors' priorities", the Swiss bank said in a note on Monday
Sage surges as recurring revenue continues to expand
In an update for its first quarter, the software firm reported that recurring revenues had risen 4.7% to £408mln, offsetting a 24% decline in other revenues to £39mln, which in turn boosted total organic revenues by 1.4% to £447mln
Sage to sell Asian, Australian businesses to The Access Group for £95mln
The FTSE 100 software firm has been on a selling spree
Sage Group inks deal for sale of Polish business
The software firm has agreed to sell the business to private equity group Mid Europa Partners for £66mln in cash
Sage Group slides on plans to hike investment in cloud software
Increased investment in Sage Business Cloud, along with more money for sales and marketing and product development, will reduce profit margins by up to three percentage points
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FTSE 100 ends the week higher, Wall Street mixed on vaccine hopes, Fed fears
Traders are trying to price in the effects of a potential coronavirus vaccine
Sage Group finals bring focus on Britain's SMEs during the pandemic
Friday will also see macro data on UK retail sales and consumer confidence
UK tech stocks broadly sideways amid results activity
UK tech stocks were boosted last week by positive trading news from sector heavyweights, The Sage Group PLC (LON:SGE), Computercentre (LON:CCC) and Learning Technologies Group PLC (LON:LTG)
Sage says customer churn lower than expected during coronavirus disruption
The company also reported strogn recurring revenue growth in the first nine months of its current year as it migrated clients to its business cloud offering
Sage Group retains lower guidance despite growth in first half
The enterprise software specialist said in April that due to uncertainty caused by the pandemic it expected full-year organic recurring revenue growth to be below the previously guided range of 8-9%
Sage scraps £250mln share buy-back programme amid coronavirus pandemic
The accounting software firm had already purchased £6mln worth of shares
Sage shaves off £15mln from Brazilian sale
The disposal is part of the accounting software group's plan to focus on subscription software and the ‘Sage Business Cloud’
Sage surges as software subscription momentum continues
Recurring revenue in the three months to 31 December was up 10.7% compared to the first quarter the year before
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Royal Mail shares hit by union's legal challenge ahead of results
William Hill, Severn Trent and Centrica are also among those reporting on Thursday
Sage profits slip as it perseveres with shift to recurring revenue
Total revenue rose 5.6% to £1.8bn, boosted by a 10.8% increase in organic recurring revenue, which saw organic operating profit margin shrink by 5.1 percentage points
Sage Group to sell merchant payment service business to US Bancorp
The London-listed software giant said that Sage Pay will remain “an important payments partner” following the £232mln sale
Sage tops blue-chip loserboard as legacy product sales fall faster-than-expected
“Sage was priced for upgrades going into today’s update which have not materialised due to declining legacy business,” said one analyst
Morgan Stanley turns bearish on global stocks as 'downside risks' build up
Strategists at the investment bank downgraded its rating on global equities as it saw a "poor" risk/reward outlook for the next three months
Investments and investor services
FTSE 100 regains ground at the close
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235
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Johnson Matthey's final results provide a step up in class for Thursday's corporate diary
The Day Ahead will also bring updates from two FTSE 250-listed firms, transport operator FirstGroup and water utility Pennon, plus numbers from newspapers group Daily Mail
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Enjoy the UK bank holiday, because there will be little else to get excited about in the coming week
The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust
Hardware & electrical equipment
Sage leaves revenue guidance unchanged as SaaS growth offsets decline in legacy business
The group said its full-year outlook shows continuing confidence in recurring revenue growth for the remainder of the fiscal year
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Will Easyjet keep to its guidance in Friday’s first-half results?
The airline shocked the market last month, so investors will be looking for some reassurance in the interim report
Barclays warns of ‘likely’ second-half slowdown for Sage
The analysts have noted that the comparatives get more difficult as the year progresses, and that any slowdown could disappoint the market
Citi chops ratings for blue-chip software firms Sage and Micro Focus, having adjusted targets
The US bank cut its stance on Micro Focus to ‘sell’ from ‘neutral’ while raising its target price to 1,700p from 1,230p as it believes the stock has run ahead of fundamentals
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FTSE 100 joins global equity markets to close lower
The UK index of leading shares closed down over 79 points to 7,093, while the FTSE 250 lost over 274 points at 18,799
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Bank of England’s first “Super Thursday” of 2019 expected to be a bit of a damp squib amid Brexit uncertainty
Aside from the Bank of England's latest pronouncements, investors will have updates from the likes of Thomas Cook, Smith & Nephew, Compass Group and Superdry to digest on Thursday
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Bank of England's 'Super Thursday' and slew of corporate earnings eyed as Chinese New Year begins
The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Investments and investor services
GCM gets boost from PowerChina (again)
A look at the day's major movers, including N Brown, Range Resources, Arena Events, Origo Partners, Associated British Foods and Sage Group
Hardware & electrical equipment
Sage reiterates guidance after strong start to fiscal year
The group said its financial position remains strong and net debt as at 31 December 2018 was £602mln (£668m as at 30 September 2018)
Investments and investor services
FTSE 100 finishes lower as uncertainty continues to be the watchword
The UK's premier share index finished down over 27 points at 6,834
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Whatever the UK government no-confidence vote outcome, investors will have plenty to chew over on Thursday
The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
Sage agrees around £78mln disposal of its US-based payroll outsourcing business to iSolved HCM
Sage said it expects to report a statutory profit on disposal of approximately £23mln on completion, with the disposal proceeds to be invested for growth and used to reduce net debt
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Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Sage under pressure as UBS chops its price target once again
Analysts reckon strategic questions and competitive pressures remain, although they also point out the “easy” first-quarter comparatives ahead of next Thursday’s update
FTSE 100 registers triple-digit fall as US stock markets slide again
"This year’s Boxing Day bonanza could be no more than a wicked bear trap set to lure investors into more trouble.”
Sage Group names experienced finance boss Jonathan Howell as its chief financial officer from 10 December
Howell was most recently been group finance director of Close Brothers Group for 10 years, and prior to that, was CFO of the London Stock Exchange Group
Webis weak on limited California license renewal; Kier Group drops on cash call
A look at some winners and losers in the UK equity market on Friday
FTSE 100 closes lower as G20 summit begins and trade worries continue; housebuilders fall
The premier index of UK shares finished down nearly 59 points at 6,980. Mid-cap cousin FTSE 250 shed over 128 points at 18,480.
UBS slashes target for Sage as it questions firm’s ability to innovate amid shift to cloud
The Swiss bank said in a note that investment at the FTSE 100 firm had " lagged competitors for many years", adding it expected continued elevated investment spends
Sage shares fall as it warns margins investment in cloud transition will dent this year’s profits
Profits rose 16% to £398mln in the year just gone, but it is the year ahead that investors are bothered about after Sage warned margins will drop-off sharply
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
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Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
Sage Group names Steve Hare, currently its interim COO and CFO, to vacant CEO role
Hare was appointed to the additional post of interim COO on 31 August 2018, when Stephen Kelly stood down as the blue-chip software group’s CEO
FTSE 100 closes off lows but shoulders drop as US stocks plunge with tech disappointments
At the close, the UK blue-chip index was down 64.54 points, or 0.9% at 6,939.56, albeit bouncing off the hefty session low of 6,851.59 having spent all day heavily in the red
Sage Group a possible takeover target for private equity funds, says Deutsche Bank
Deutsche Bank believes private equity funds could be exploring an acquisition of Sage
Sage Group defenestration indicative of shortening shelf life of CEOs
Some CEOs have gone voluntarily, others have been jettisoned and we don't always know which is which. What we do know is that this year is seeing more CEO departures than is usual
Hardware & electrical equipment
The Sage Group parts company with chief executive, Stephen Kelly
Kelly will remain available to the group until he leaves on May 31, 2019
FTSE 100 joins global stocks lower to close 1.11% down
European benchmarks also took a big hit, while on Wall Street, the Dow Jones Industrial Average is down around 80 points
FTSE 100 closes higher as hopes grow for US, China trade talks
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
Hardware & electrical equipment
Sage Group's organic revenue growth picks-up
Sage was late in switching to a software-as-a-service model but the idea seems to be taking hold now
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FTSE 100 joins European stocks to close lower as trade worries weigh
FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
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Bank of England widely expected to hike rates but will the decision be unanimous?
A month ago, a rate hike of a quarter of a point seemed nailed on. Most economists still think it is the most likely outcome but the decision may not be unanimous given some recent iffy economic data
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
Personal Group on track as trading improves across the board
Overall, trading is in line with management's expectations and ahead of last year
Ashtead appoints Paul Walker as new chairman
The FTSE 100-listed equipment rental company said Chris Cole, who has been chairman of Ashtead since 2007 and previously as non-executive director, will retire from the company on September 11
Sage Group's first half profits fall as organic revenue growth misses expectations
Sage raised its interim dividend by 8.2% despite lower-than-expected revenues as it addresses sales execution issues