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    SNN   JE00BVRZ8S85

SANNE GROUP PLC

(SNN)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Banks, energy stocks lift FTSE 100, still posts worst weekly losses since Feb

05/14/2021 | 04:51am EDT

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* Sage rises on 4.4% growth in H1 recurring revenue

* Sanne surges on rejecting $1.90 bln buyout proposal

* FTSE 100 and FTSE 250 up 1.2

May 14 (Reuters) - London's FTSE 100 rose on Friday, supported by banks and energy stocks but clocked its worst weekly performance since February on inflation worries, while Sanne Group topped the mid-cap index after rejecting a $1.90 billion buyout proposal.

The blue-chip index rose 1.2%, with Banks and oil majors BP and Royal Dutch Shell being the biggest boosts to the index. The index is down 1.2% for the week, its biggest weekly fall since February.

Prime Minister Boris Johnson has set out what he describes as a "cautious but irreversible" route out of lockdown for England, starting next week. He has, however, warned that new variants could derail that.

"Monday, the UK unlocks another part of the lockdown. That has given confidence to the market and we have had boisterous commentary from players of the Bank of England this week about growth picking up steam," said Keith Temperton, a sales trader at Forte Securities.

"Everyone’s got their eyes on inflation right now and that will be the driver for markets from here on. So the CPI data next week will be hotly watched."

After rising nearly 11% this year on reopening optimism, the FTSE 100 has pared some of those gains in the last few sessions on worries that central banks might tighten their ultra-loose monetary policies sooner than expected to curb inflation.

The domestically focused mid-cap FTSE 250 index advanced 1.2%.

Software company Sage Group added 3.8% after reporting strong first-half organic recurring revenue and forecasting annual growth at the top end of its 3% to 5% range.

Spirits maker Diageo rose 1.5% after brokerages raised their price targets on the stock.

Alternative asset and corporate services firm Sanne Group jumped 21.2% after it rejected private-equity firm Cinven's 1.35-billion-pound ($1.90 billion) buyout offer. (Reporting by Shivani Kumaresan and Devik Jain in Bengaluru; Editing by Anil D'Silva and David Gregorio)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AVIVA PLC 0.52% 425.6 Delayed Quote.30.17%
BP PLC 0.56% 334.3 Delayed Quote.30.57%
DIAGEO PLC 0.56% 3502.5 Delayed Quote.20.87%
FTSE 100 0.34% 7197.01 Delayed Quote.10.62%
FTSE MID 250 INDEX 0.37% 22713.51 Delayed Quote.11.01%
LONDON BRENT OIL 0.11% 74.36 Delayed Quote.40.72%
NATIONAL GRID PLC 0.24% 930.1 Delayed Quote.7.17%
ROYAL DUTCH SHELL PLC 0.92% 17.538 Real-time Quote.18.91%
SAGE GROUP PLC 0.42% 675.8 Delayed Quote.15.46%
SANNE GROUP PLC -0.59% 835 Delayed Quote.36.69%
WTI 0.06% 72.47 Delayed Quote.47.25%
All news about SANNE GROUP PLC
06/14PENTWATER CAPITAL MANAGEMENT LP - CO : Form 8.3 - Sanne Group Plc
PR
06/14PENTWATER CAPITAL MANAGEMENT LP  : - Form 8.3 - Sanne Group Plc
PR
06/14FORM 8.3 - THE VANGUARD GROUP, INC.  : Sanne Group plc
DJ
06/14SANNE  : RBC Downgrades Sanne To Sector Perform Trom Outperform, Increases PT
MT
06/11UK's Sanne agrees to sit down with Cinven after fund makes higher offer
RE
06/11FTSE 100 posts best week in over a month as economy strengthens
RE
06/11SANNE  : and Cinven enter talks after £1.42bn bid
AQ
06/11SANNE  : Begins Talks with Cinven on Fifth Takeover Approach
MT
06/10FORM 8.3 - THE VANGUARD GROUP, INC.  : Sanne Group plc
DJ
06/09SANNE  : Form 8.3 - Sanne Group Plc
AQ
More news
Financials
Sales 2021 196 M 276 M 276 M
Net income 2021 27,6 M 38,9 M 38,9 M
Net Debt 2021 44,1 M 62,2 M 62,2 M
P/E ratio 2021 48,0x
Yield 2021 1,80%
Capitalization 1 351 M 1 903 M 1 907 M
EV / Sales 2021 7,13x
EV / Sales 2022 6,19x
Nbr of Employees 1 900
Free-Float 97,4%
Chart SANNE GROUP PLC
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Sanne Group plc Technical Analysis Chart | MarketScreener
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Technical analysis trends SANNE GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 805,56 GBX
Last Close Price 842,00 GBX
Spread / Highest target 9,86%
Spread / Average Target -4,33%
Spread / Lowest Target -21,6%
EPS Revisions
Managers and Directors
NameTitle
Martin Charles Schnaier Chief Executive Officer & Executive Director
James Jonathan Ireland Chief Financial Officer & Executive Director
Rupert Hugo Wynne Robson Non-Executive Chairman
Marie Measures Chief Technology Officer
Kevin Lazeris Group Head-Compliance
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