Genus FY profit nudges up but revenue slips on lower bovine volumes
8th Sep 2016 07:34
(ShareCast News) - FTSE 250 animal genetics company Genus posted an increase in pre-tax profit for the year to the end of June despite a small drop in revenue. Adjusted pre-tax profit was up 7% to £49.7m, driven by strong performances in Genus PIC and Genus Asia, particularly China. Statutory pre-t
Read moreThursday preview: Genus reports full year results in wake of cow semen lawsuit
7th Sep 2016 12:33
(ShareCast News) - FTSE-250 listed animal genetics company Genus reports its full year results on Thursday in the wake of its cow semen court case. Genus was in August was ordered by the US District Court of Wisconsin to pay at least $2m to Sexing Technologies after being found it was in infringemen
Read moreSector movers: Retailers drop ahead of July CPI data
15th Aug 2016 17:13
(ShareCast News) - Price action at the start of the week saw both cyclical and defensive 'plays' battle it out for market leadership, with Ibstock and NMC Health pacing gains among Health Care and Construction-related issues, respectively, while retailers dropped ahead of (post-Brexit) CPI figures d
Read moreGenus sell-off overdone as patent trial was 'success', say analysts
15th Aug 2016 12:06
(ShareCast News) - After a US court decided against Genus over a dispute over 'sorted semen' technology, analysts at house broker Peel Hunt and independent VSA Capital said the ruling was a "positive outcome" and that the sell-off in the shares was an overreaction. A Wisconsin court said Genus must
Read moreGenus damages over US patent infringement case lower than feared
15th Aug 2016 07:31
(ShareCast News) - After losing its long-running US court case last week, Genus has been ordered to pay its opponents $2m upfront in damages plus an ongoing royalty for two patents its Genus Sexed Semen (GSS) processing technology was ruled to have infringed. However, Genus will be free to commer
Read moreFTSE 250 movers: Restaurant Group leads risers, Genus tops fallers
12th Aug 2016 15:32
(ShareCast News) - The FTSE 250 was up 0.62% to 17,918.63 points in Friday afternoon trade. The Restaurant Group was a top riser on London's second tier index after the pub and restaurant chain announced the departure of its chief executive Danny Breithaupt, who has been with the company for 15 year
Read moreGenus suffers legal setback Stateside
12th Aug 2016 07:06
(ShareCast News) - Genus suffered a legal setback Stateside as a US judge handed down a series of verdicts against the animal genetics specialist. The US District Court for Wisconsin ruled that two of Genus rival ST´s patents were valid and had been infringed and that ABS, a unit of Genus, had mater
Read moreGenus and Sexing still battling over semen
11th Aug 2016 10:01
(ShareCast News) - Animal genetics company Genus announced the first jury verdicts in its antitrust litigation against Inguran, operating as Sexing Technologies, relating to ABS's 'Genus Sexed Semen' processing technology. The FTSE 250 firm said that at the trial in the US District Court for the Wes
Read moreThursday broker round-up
4th Aug 2016 11:59
(ShareCast News) - Next: Goldman Sachs reiterates sell with a target price of 4800p. Standard Chartered: JP Morgan maintains overweight with a 800p target. Shire: JP Morgan reiterates overweight with a 6300p target. Genus: HSBC stays at buy with a 2200p target. Nichols: UBS keeps at buy with a ta
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreGenus announces collaboration with Caribou Biosciences
18th May 2016 09:49
(ShareCast News) - Genus announced a strategic collaboration with US-based Caribou Biosciences that will give the London-listed animal genetics group exclusive license to Caribou's gene editing technology platform. Caribou's CRISPR-Cas9 technology accurately targets and cuts DNA to produce precise a
Read moreGenus reports 4% dip in half year pre-tax profit
23rd Feb 2016 09:16
(ShareCast News) - Animal genetics company Genus on Tuesday reported a 4% drop in half year adjusted pre-tax profit to £23.8m as revenues declined. Underlying revenue in the six months ended 31 December 2015 fell 5% to £188.3m, reflecting less porcine by-product sales following the exit of its Génét
Read moreGenus develops first porcine virus resistant pigs
8th Dec 2015 07:36
(ShareCast News) - Genus has developed the first pigs resistant to porcine reproductive and respiratory syndrome virus (PRRSv), through a long-standing collaboration with the University of Missouri. The animal genetics company said the production of these pigs is a significant breakthrough in combat
Read moreGenus trots out uncertain outlook after pig profits beat forecasts
8th Sep 2015 08:11
(ShareCast News) - Cattle breeding group Genus drove pre-tax profits forward 19% in the year to June and earnings per share up 22%, beating forecasts thanks to fatter porcine profits. Revenues of £398.5m were 7% higher than the year before and ahead of consensus forecasts of £395m, with adjusted pro
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