FTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreAllied Minds announces successful completion of feasibility programme
25th May 2016 10:04
(ShareCast News) - Allied Minds' partnership with Bristol-Myers Squibb (BMS), Allied-Bristol Life Sciences, has successfully completed the drug candidate feasibility programme ABLS II and has approved up to $15m to fund further development of the lead optimisation programme. ABLS II is seeking to de
Read moreAllied Minds secures £55m funding for up to ten new drugs
26th Apr 2016 08:47
(ShareCast News) - Science and technology development and commercialisation company Allied Minds announced a fresh $80m (£55m) of investment commitments on Tuesday, received through its newly-formed subsidiary ABLS Capital. The FTSE 250 firm said the funding would allow up to ten potential lead opti
Read moreFTSE 250 movers: Ted Baker boosted as strike threat hits Wood Group
25th Apr 2016 14:07
(ShareCast News) - The FTSE 250 remained in the black in afternoon trading on Monday, though some stocks were under the pump as crude and copper prices fell. Ted Baker was one of the leading risers, after analysts at Jefferies upgraded the stock to 'buy' from 'hold', though they did cut the price ta
Read moreAllied Minds losses widen as group ramps up invesment
25th Apr 2016 07:19
(ShareCast News) - Science and technology development company Allied Minds reported a wider loss in 2015 in its annual report on Monday, which it blamed on an increase in its investment in research and development and the creation of four new businesses during the year. The FTSE 250 firm posted a ne
Read moreAllied Minds forms cancer drug arm with NYU School of Medicine
16th Mar 2016 08:08
(ShareCast News) - Allied Minds has launched a new subsidiary to develop potential cancer drugs from compounds developed by the New York University School of Medicine. Allied's joint venture with pharma group Bristol-Myers Squibb, Allied-Bristol Life Sciences, has set up the subsidiary, called ißeCa
Read moreFTSE 250 movers: Redrow falls despite rise in profits
9th Feb 2016 14:47
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 140.79 points (0.91%) to 15,357.20 by mid-afternoon. Redrow was near the top of the fallers list despite posting a rise in first half pre-tax profit as revenue and completions grew. In the six months to
Read moreAllied Minds marks 2015 as year of investment
9th Feb 2016 07:32
(ShareCast News) - Allied Minds laid out 2015 as a year of investment, rather than cashflow, as it updated the market on Tuesday of its trading in the 12 months to 31 December 2015. The company had net cash and investments - including cash in the form of fixed income securities - of $194.8m (£135.37
Read moreAllied Minds demonstrates new memory technology
4th Feb 2016 08:51
(ShareCast News) - A new, more versatile form of memory, with potential applications from smartphones to the automotive industry, was a step closer on Thursday, with Allied Minds announcing the successful demonstration of a prototype of 'Spin Transfer Magneto-Resistive Random Access Memory' (ST-MRAM
Read moreFTSE 250 movers: Banking and investment firms drive market down
3rd Feb 2016 16:14
(ShareCast News) - The FTSE 250 was down 289.58 points (1.78%) to 16,010.10 shortly before the close on Wednesday. Allied Minds continued to fall after rising earlier in the week on the back of news its subsidiary Federated Wireless completed a successful $22m (£15.4m) Series A Preferred fundraising
Read moreFTSE 250 movers: Investors worried about Ocado Smart Platform partners
2nd Feb 2016 15:33
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 249.75 points (1.51%) to 16,239.51 points by mid-afternoon. Despite posting double-digit revenue growth for the year through "challenging market conditions", shares in Ocado Group were down over 8%. T
Read moreFTSE 250 movers: Vedanta and Just Eat fall on broker notes
1st Feb 2016 15:13
(ShareCast News) - The FTSE 250 started the month in the red, down 68.05 points (0.41%) to 16,419.67 by mid-afternoon on Monday. Vedanta Resources sank after Deutsche Bank cuts its target price for the mining company from 200p to 185p on lower than expected iron ore sales. The bank said Vedanta now
Read moreBroker tips: Allied Minds, Premier Oil, Domino's, Just Eat
1st Feb 2016 14:13
(ShareCast News) - Shares in Allied Minds gained on Monday as Numis reiterated the stock at 'buy' after the company announced a successful $22m (£15.4m) fundraising for its subsidiary Federated Wireless. The US-based FTSE 250 science and technology developer invested $5m in the fundraising and the r
Read moreNumis reiterates 'buy' at Allied Minds
1st Feb 2016 12:41
(ShareCast News) - Shares in Allied Minds gained on Monday as Numis reiterated the stock at 'buy' after the company announced a successful $22m (£15.4m) fundraising for its subsidiary Federated Wireless. The US-based FTSE 250 science and technology developer invested $5m in the fundraising and the r
Read moreAllied Minds raises £15m to develop wireless technology
1st Feb 2016 08:07
(ShareCast News) - Allied Minds was looking at a beefed-up Federated Wireless subsidiary on Monday, announcing the a successful $22m (£15.4m) Series A Preferred fundraising round for the firm. The US-based FTSE 250 science and technology developer said the equity had come from investors including Wo
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