Allied Minds joint venture inks licensing deal with Harvard
22nd Jun 2015 07:27
Allied Minds' joint venture with Bristol-Myers Squibb, Allied-Bristol, has sealed a deal to licence intellectual property to develop treatments for chronic fibrotic and autoimmune diseases with Harvard University. Allied Minds said it has an agreement for work developed in Professor Malcolm Whitman'
Read moreFTSE 250 movers: Betfair hit by downgrade, oil and energy stocks higher
5th Jun 2015 12:58
Mid-caps were under pressure on Friday, following news that OPEC would not curb oil production and that Greece had opted to defer payment on €300m owed to the International Monetary Fund until Friday. Sector-wise gains made by oil, energy and mining stock were eradicated by weakness in telecommunica
Read moreFTSE 250 movers: Bank of Georgia higher on strong quarter
20th May 2015 12:58
London stocks were trading slightly lower on Wednesday as strong performances from mining and telecommunications stocks were outweighed by weakness in the utility and real estate sectors. As of 3:00, the FTSE 250 was trading 66 points lower at 16,121. Allied Minds topped the fallers on reports that
Read moreAllied Minds shares tumble after institutional placing
20th May 2015 09:18
Shares in Allied Minds, the science and technology company, were down more than 9% on Wednesday after a share placing. House broker Jefferies said the Allied Minds placing, which was on behalf of Invesco, raised gross proceeds of £90.4m. The company sold 16m ordinary shares at a price of 565p per s
Read moreLondon open: FTSE flat as blue chip earnings underwhelm, Vodafone rises on merger talk
20th May 2015 08:19
UK stocks edged higher on Wednesday morning though a raft of disappointing blue-chip earnings limited upside for the FTSE 100. The Footsie was up just 0.02% at 6,996.36 early on with Vodafone leading the way on the back of speculation surrounding a Liberty Global merger. However, results and update
Read moreFTSE 250 movers: Ophir Energy and Kier Group surge on acquisitions
28th Apr 2015 13:29
Oil and gas explorer Ophir Energy was making gains after reaching an agreement to acquire four production sharing contracts in Indonesia from Niko Resources. The group said the deals cover the West Papua IV, Aru, Kofiau and Halmahera-Kofiau deepwater sites in Indonesia, adding it was in the process
Read moreAllied Minds' full-year loss up, but revenue also rises on US partnerships
28th Apr 2015 08:23
Allied Minds, a science and technology development company, said its full-year revenues were boosted by extensive US university and federal research institution partnerships. Revenues jumped to $7.7m from $2.9m the year before, but loss before tax increased 35% to $57.7m. Loss per share remained at
Read moreAllied Minds subsidiary raises £20m
22nd Apr 2015 10:07
Science technology group Allied Minds said its subsidiary SciFluor Life Sciences has raised $30m (£19.9m). The FTSE 250 group said its subsidiary will use the proceeds to accelerate the development of its two lead compounds, while expanding its drug discovery and marketing pipeline. SciFluor, which
Read moreFTSE 250 movers: Esure slides on profits woe, Inchcape higher on earnings growth
10th Mar 2015 14:16
Insurer Esure topped the fallers after saying that annual profits declined 12.8% on the back of challenging conditions in the insurance market and costs associated with the takeover of Gocompare, leading to some big broker downgrades. Premier Oil was also trading lower despite news it has started ga
Read moreAllied Minds joins forces with Aerospace Corp to improve optical satellite data transfer
10th Mar 2015 08:56
Technology developer Allied Minds said it has formed BridgeSat in partnership with the US federally-funded Aerospace Corp as part of a commercialisation collaboration. On Tuesday, the FTSE 250 group said the partnership will look to build an optical connectivity system to improve the wireless transf
Read moreAlphameric sells betting technology business
7th May 2010 17:16
Alphameric is selling its core business for £15.5m and moving from the Main Market to AIM. Alphameric is selling its bookmaking technology business to Orbis Holdings, a subsidiary of NDS Group. Alphameric's customers include William Hill, Ladbrokes, Coral and the Tote. Orbis will hold back £2m fo
Read moreTechMARK movers: Alphameric extends horse racing rights
17th Dec 2009 15:30
Betting technology supplier Alphameric was boosted by its 50%-owned subsidiary extending media rights for 30 racecourses to 2018. Amalgamated Racing, which owns Turf TV, will have to pay an upfront fee of £6m to extend the rights from 31 March 2013 to 31 March 2018. Management says that it is an i
Read moreTechMARK movers: Parity halves profit expectations
4th Dec 2009 13:32
IT services provider Parity shocked the market when it said that 2009 profits will be £300,000 lower than expected. Parity also said that it is not changing its expectations for 2010. Arbuthnot was expecting profits of £650 in 2009 so the outcome will be little more than one-half that figure. Pa
Read moreSmall caps round-up: Planet Payment, Alphameric, Fulcrum Pharma....
12th Nov 2009 14:56
Planet Payment Inc is on course to generate cash from operations in the second half of 2009. The fourth quarter tends to be strongest for the multicurrency payments processor because it encompasses the Christmas period. Third quarter revenues rose 16% to $11.75m and the pre-tax loss was reduced by m
Read moreTechMARK movers: Standard increases Kewill stake
26th Oct 2009 16:12
Logistics software supplier and developer Kewill Systems rose on the back of the news of a purchase of 310,000 shares by Standard Life. Standard bought the shares on 22 October - the same day that Kewill announced a contract with Dutch-based logistics services provider C Steinweg Handelsveem. Sta
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