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Barclays warns of ‘likely’ second-half slowdown for Sage

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The analysts have noted that the comparatives get more difficult as the year progresses, and that any slowdown could disappoint the market

Investigators at Barclays have cautioned that a second half lull for Sage Group PLC (LON:SGE) “appears to be likely”.

Sage, which makes bookkeeping programming for organizations, has seen its offer value move by just about a fifth this year in the wake of garnish desires with its first-quarter development.

READ: Sage reiterates guidance after strong start to the year

But Barclays’ number crunchers have warned that the first half benefits from easier comparatives, while things get a little tougher in the second half of the year.

“We think Q1 should not be viewed as an especially material data point in assessing the growth rate of the business over the coming couple of years,” read a note to clients.

“It is likely that the [cloud] transition will gather speed over the course of the year – a good thing – but that this will result in revenue growth moderating. This could be further exacerbated by tougher comps in the second half of the year.”

The analysts added: “We think an H2 slowdown is likely and that this could disappoint the market.

“We therefore remain ‘underweight’, albeit on an increased price target of 550p (from 495p), now based on 17x CY20E EPS (from 15x) to reflect increased market multiples.”

Sage shares were 0.1% higher at 702.8p on Friday morning – comfortably ahead of Barclays’ target.

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Besıktas-Göztepe 1,5 over

Aston Villa-Everton 1x

Köln-Borussia Dortmund 1,5 over

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‘Unusual’ Muddy Waters report by ex-spies claims Burford Capital administration lied

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The dangerous examination subtleties Burford the board’s remarks since the fence investments started its assault on the suit lender a week ago. It asserts that the big shots had been purposely “hesitant and forceful” in neglecting to respond to inquiries over its bookkeeping practices and administration.

North Carolina-based Qverity, employed by Muddy Waters to compose the report, stated: “Avoidance conduct comprises of etymological demonstrations of covering. Animosity conduct is regularly utilized by a beguiling individual to mentally impact and weight the examiner or wellspring of a claim to either back off or reevaluate their methodology.”

Prepared City experts and specialists seemed uncertain how to respond to the irregular report. Ben Williams, investigator at Liberum which is a representative to Burford, stated: “I’ve never observed anything like this. I assume from multiple points of view this is a standard short assault, first put out a report then a few recordings pursued by an affirmation of the discoveries.”

One broker included: “Completely strange. In the entirety of my time in the City I’ve never known about it. Articulate b*llshit social examination imagining be alleged science. I have no clue if any of this is valid or not.”

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Dow Jones Futures Rebound: Trump Sees ‘Very Successful’ China Trade Talks Soon

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Dow Jones prospects climbed early Tuesday, alongside S&P 500 fates and Nasdaq fates, bouncing back from Monday’s enormous securities exchange auction. President Donald Trump said late Monday that we’ll “know in three or a month” if China exchange talks succeed. Prior Monday night, the U.S. point by point intends to force 25% taxes on the remaining $300 billion worth of Chinese products. That would additionally heighten the China exchange war and slap punishments on the iPhone and other Apple (AAPL) items made in China.

On Monday, Apple stock and the key records tumbled through key help levels Monday as Beijing countered versus Friday’s enormous U.S. levy climb.

The present financial exchange rally previously had gone under weight a week ago. Surprisingly more dreadful, development stocks that had held up or revived a week ago —, for example, Zscaler (ZS), HubSpot (HUBS) and Mimecast (MIME) — were remarkable washouts Monday.

To pursue the securities exchange, financial specialists ought to pursue the significant midpoints and the main stocks. By the two measures, the ongoing activity has not been useful for the present securities exchange rally that began after Christmas. This is a significant day to peruse The Big Picture.

Dow Jones Futures Today

Dow Jones futures rose 0.5% vs. fair value, reversing modest losses. S&P 500 futures climbed 0.6%. Nasdaq 100 futures advanced 0.8%. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Crude oil prices rose modestly after a Yemeni drone attack damaged two pumping stations.

U.S. Tariffs Planned For $300 Billion More

Late Monday, the U.S. Trade Representative’s Office released plans to impose 25% tariffs on the $300 billion worth of Chinese goods that have not been taxed so far. President Donald Trump has been threatening such a move even as he raised tariffs on $200 billion worth of goods to 25% from 10%.

Trump Remains Upbeat

Trump remained upbeat on China trade talks later in the evening: “We’ll let you know in about three or four weeks whether of not it was successful. … But I have a feeling it’s going to be very successful.”

Early Tuesday, Trump said A China trade deal will come “when the time is right.”

Likewise Tuesday, Trump urged makers to move from China to the U.S. or on the other hand a non-duty nation.

Notwithstanding Trump’s positive thinking, the two sides appear to delve in after China exchange talks separated.

Beijing said Monday it would force levies on an extra $60 billion of U.S. merchandise.

The U.S. is making an underlying move to additionally heighten the China exchange war, however the $300 billion in taxes won’t occur for half a month at any rate. Be that as it may, they would generally hit purchaser merchandise, for example, cell phones, PCs and materials. That proposes that the Apple iPhone would at last face a hardened punishment, likely harming Apple and U.S. clients.

Apple stock rose simply over 1% in early Tuesday, giving a lift to Dow Jones fates as S&P 500 prospects and Nasdaq fates. Amid Monday’s financial exchange exchanging, shares slid 5.8%, falling beneath their 50-day and 200-day lines. That is after Apple stock tumbled a week ago to close beneath its 197.97 purchase point. At its intraday low Monday, Apple was 7.6% beneath that passage, a programmed sell signal.

Current Stock Market Rally

The current stock market rally took a serious beating Monday, especially after last week’s sharp losses. The Dow Jones fell 2.4%, plunging through its 200-day line. The S&P 500 index skidded 2.4% and the Nasdaq composite lost 3.4%, both knifing through their 50-day averages.

But beyond the major indexes and big-name losers like Apple stock, a big concern for the current stock market rally was the performance of leading growth stocks, especially software stocks like Zscaler that had looked strong last week. Zscaler stock, which broke out Friday, tumbled 7.4% Monday, erasing all of Friday’s 7.2% gain. Workday (WDAY), Coupa Software (COUP), HubSpot stock and Mimecast stock all fell below buy points.

Email security services provider Mimecast reported mixed earnings late Monday, with shares tilting lower after hours.

Among the best ETFs, Innovator IBD 50 (FFTY) slid 3.9% on Monday. The iShares Expanded Tech-Software Sector ETF (IGV) fell 3.8%. VanEck Vectors Semiconductor (SMH), which took a beating last week, fell 4.7% Monday.

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