Micro Focus International plc

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Market Cap:
£3.92 billion
52 weeks high
52 weeks low

Viewing results 1-25 of 59

Industry & services

Marks & Spencer, Direct Line and Micro Focus confirmed as demoted from FTSE 100

Hikma Pharmaceuticals, aerospace engineer Meggitt and Polymetal International will be promoted to the blue chip index in their place...

1 week, 6 days ago

De La Rue chairman steps down after investor pressure over poor performance

Last year the company failed to win a £400mln contract to make Britain’s new blue passports after Brexit ...

2 weeks, 2 days ago

Micro Focus accelerates strategic review as it cuts revenue guidance

The IT group said weak sales execution has been compounded by a deteriorating macro environment, which has led customers to delay buying decisions....

2 weeks, 6 days ago

Software giant Micro Focus launches US$200mln share buyback programme

Between now and 23 October, Micro Focus will buy back up to US$200mln worth of shares from investors...

on 07/17/2019

Micro Focus plunges to bottom of FTSE 100 as boss cashes in £11.6mln of shares

Many assumed that Micro Focus’ big fall last week was due to investors being unimpressed the interim results, but Kevin Loosemore’s huge share sale likely played a part too...

on 07/15/2019

Micro Focus reiterates guidance after a steady half year

Revenues for the whole year are still expected to decline by between 4% and 6%...

on 07/09/2019

Micro Focus trading in line

The group continues to target a mid-term net debt to adjusted EBITDA (underlying earnings) ratio of 2.7 times. ...

on 05/16/2019

Bloody noses in store for Hammerson, Barclays and Reach from angry investors

Hammerson's annual shareholder meeting takes place on Tuesday while Barclays and Reach have theirs on Thursday ...

on 04/30/2019

Micro Focus has completed its recovery, says Barclays as it downgrades software giant

The software group plunged this time last year, but the shares have rallied in recent months, to the point where Barclays thinks they are now fairly valued...

on 04/12/2019

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...

on 04/04/2019

Micro Focus continues to expect moderation in revenue decline from continuing business in current year

The group said its guidance continues to be for a revenue decline of between 4% and 6% for its MFPP business in the year ended 31 October 2019, compared to a 7.1% drop in the year earlier...

on 03/29/2019

Micro Focus jumps on share buyback extension as it moves on from disruptive HPE integration

The FTSE 100 software group said the extension of the buyback would take the total to US$510mln...

on 02/14/2019

Micro Focus boosted by Goldman Sachs upgrade to ‘buy’ from ‘neutral’ following recent trading update

The US investment bank's analysts said: “An in-line FY18 trading update suggests that revenue declines are moderating and sell-side estimates have likely bottomed”...

on 11/14/2018

Micro Focus raises revenue guidance for year just ended

Brian McArthur-Muscroft is to be to new CFO as Chris Kennedy is getting with the programme at ITV. The new bean-counter will join Micro-Focus as an employee this month and will assume his executive duties in the first quarter of 2019, at a date to be announced...

on 11/05/2018
Retail & consumer

ITV boss Carolyn McCall poaches former easyJet colleague as CFO

Chris Kennedy worked alongside ITV boss Carolyn McCall at easyJet where he was chief financial officer from 2010 to 2015...

on 11/05/2018
Retail & consumer

Whitbread faces pressure to prove merits of Premier Inn as standalone business

“Whitbread investors may miss the caffeine highs Costa serves up," Hargreaves Lansdown said of the group's decision to sell the coffee chain to Coca-Cola...

on 08/31/2018
Retail & consumer

Dividend and conquer! Why income investing can be a lucrative strategy

Had you bought £1,000 worth of Ashtead shares in 2008, your investment, including the (reinvested) dividends, would be worth more than £42,000 today...

on 07/18/2018

Credit Suisse puts the boot into Micro Focus downgrading its shares to ‘underperform’ from ‘neutral’

In a note to clients, the Swiss bank’s analysts said: "Management delivered a poor interim results update, offering limited comfort on the medium-term future”...

on 07/16/2018

Micro Focus shares drop as says running about "one year behind" its original plan since HPE Software acquisition

Micro Focus's results for the six months to the end of April saw revenue on a constant currency basis fall by 8.0% year-on-year, which was a little better than the guidance for a fall of 9%-12% which the company issued before it announced a licensing deal in May...

on 07/11/2018

Micro Focus to sell SUSE business to private equity firm EQTVIII for US$2.5bn

The proceeds of the disposal will be in part used to pay down Micro Focus debt ...

on 07/02/2018

Micro Focus jumps as says new US$40mln licensing deal will help bolster first-half revenue

The FTSE 100-listed firm said that the earlier than expected signing of a new contract meant its first-half revenue would be better than the guidance it gave of minus 9% to minus 12% on a constant currency basis...

on 05/16/2018
Retail & consumer

FTSE 100 ends April at highest level in three months, led by Sainsbury's

Sainsbury's shares rose 29% in April on the back of news it had agreed to merge with Asda...

on 05/01/2018

Micro Focus spikes higher on report activist investor Elliott has built up stake in software firm

Bloomberg said the New York hedge fund. run by billionaire Paul Singer, plans to push for changes at the UK firm which transformed itself last year following the US$8.80bn reverse takeover of Hewlett Packard Enterprise Co's software arm...

on 04/12/2018

Micro Focus shares recover as analysts say reaction to revenue warning 'overdone'

Numis lifted its rating on the stock to ‘buy’ from ‘hold’...

on 03/20/2018

Micro Focus shares crash as it cuts revenue guidance, CEO resigns

Revenues were hit by problems stemming from the purchase of Hewlett Packard Enterprise software assets...

on 03/19/2018