Advertisement
UK markets open in 3 hours 38 minutes
  • NIKKEI 225

    36,818.81
    -1,260.89 (-3.31%)
     
  • HANG SENG

    16,094.81
    -291.06 (-1.78%)
     
  • CRUDE OIL

    85.40
    +2.67 (+3.23%)
     
  • GOLD FUTURES

    2,407.60
    +9.60 (+0.40%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • Bitcoin GBP

    49,729.62
    -218.94 (-0.44%)
     
  • CMC Crypto 200

    1,265.92
    +380.39 (+40.86%)
     
  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     
  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     

BUZZ-Sage: worst day in 25 years after rev guidance cut

** British software firm Sage Group (LSE: SGE.L - news) 's shares down c15 pct, on track for worst single day in 25 years, after trimming organic rev guidance

** Co trims full-year organic revenue growth forecast to 7 pct from 8 pct citing slower software subscription growth in H1

** Sage still needs to accelerate organic growth towards c. 8 pct in H2 to meet the new guidance and off slightly tougher comps - MS; rates "underweight"

** Bottom of Stoxx 600 & most actively traded stock on index; also bottom of FTSE 100