Broker tips: Centrica, Chi-Med, IG Group
10th Dec 2010 13:29
Although estimates have been scaled back, Nomura retains its positive stance on Centrica as the company is best placed to benefit from the changes of the energy and home services industry. The broker maintains that the utility group will be its top pick in 2011, as it will be able to adapt from UK
Read moreBroker snap: China the place to be for Chi-Med
10th Dec 2010 12:55
Panmure Gordon is attracted to Hutchison China Meditech's (Chi-Med) increase in ownership of its subsidiary and its location in a rapidly-growing market. The China-based healthcare and consumer products group announced Friday that it has paid $2.7m to indirectly increase its holding effectively fro
Read moreBroker tips: SSE, Lancashire, China Meditech
8th Nov 2010 13:40
Nomura has downgraded its stance of power and water utility Scottish and Southern Energy (SSE) to 'reduce' due to a risk of lower earnings and a possible threat to the dividend. The broker has cut its SSE earnings forecast for 2012 and 2013 by 7% and 11% respectively because of a weaker power price
Read moreBroker snap: Growth expected for Hutchison Chi-Med
8th Nov 2010 12:36
Panmure Gordon thinks Hutchison China Meditech's (Chi-Med) subsidiary MediPharma is "on the cusp of transformation" and has upgraded its target price from 400p to 600p. Chi-Med announced Monday that the investment arm of Japanese conglomerate Mitsui will invest $12.5m directly into MediPharma in re
Read moreUK SMALLCAP ROUNDUP: Surf's Up For Plantic Technology
29th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PLANTIC TECHNOLOGIES LTD. (PLNT.LN), a maker of biodegradable packaging for food, Thursday said it agreed terms for a takeover offer from the founder of
Read moreHutchison China sales surge
29th Jul 2010 13:53
China-based healthcare and consumer products group Hutchison China Meditech saw strong sales growth in the first half of 2010, driven by continued like-for-like growth in the China Healthcare Division and the launch of Hutchison Hain Organic. Sales rose to $73.2m from $56.66m the year before while
Read moreUK SMALLCAP ROUNDUP: Antisoma To Return Cash If Programs Fail
29th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ANTISOMA PLC (ASM.LN), a biotechnology company, said it will return any cash it has left to shareholders if its two lead drug programs fail clinical tria
Read moreUPDATE: Hutchison Chi-Med Narrows Loss On Sales Boost
29th Jul 2010 10:47
(Adds executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Drug maker Hutchison China MediTech Ltd. (HCM.LN) Thursday reported a narrower net loss for the first six months of 2010 following strong sales of its heart pills in China and organic foods
Read moreUK SMALLCAP ROUNDUP: Connaught Secures GBP15M Overdraft
29th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CONNAUGHT PLC (CNT.LN) Thursday said it has agreed terms on a GBP15 million short-term overdraft with its lenders, as well as the deferral of interest an
Read moreHutchison Chi-Med Loss Narrows; Bowel Drug Trial Starts Soon
29th Jul 2010 08:06
LONDON (Dow Jones)--Drug maker Hutchison China MediTech Ltd. (HCM.LN) Thursday reported a narrower net loss for the first six months of 2010, aided by rising sales of its medicines and consumer products in China. Chief Executive Christian Hogg said the company is confident each of its businesses
Read moreUPDATE: Hong Kong Drug Maker MiLOC Plans London IPO
24th Jun 2010 10:53
(Adds detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Hong Kong-based healthcare company MiLOC Group is planning an initial public offering in London to raise funds to establish a network of traditional Chinese medicine clinics in China, Hong Kong and Macau, MiLOC's
Read moreSmall caps round-up: Hutchison China Meditech, Huveaux, Metrodome......
4th Mar 2010 18:22
Hutchison China Meditech says that it is looking for investors in its research and development business. It would like to sell up to 20% of the business to raise additional cash prior to a flotation in a couple of years' time. Hutchison Whampoa owns 71.6% of the AIM-quoted company, which reported
Read moreSmall caps round-up: New Britain Palm Oil, Baobab, Rockhopper
8th Oct 2009 09:02
New Britain Palm Oil, which produces the oil in Papua New Guinea, has signed a five-year agreement to supply palm oil products to Ferrero, the firm that makes Ferrero Rocher chocolates. Baobab Resources is up following a "very encouraging" scoping study undertaken for its Tete magnetite (iron / van
Read moreSmall caps round-up: Finsbury Food, Game, E2V...
30th Jul 2009 10:11
Cake and bread maker Finsbury Food has cooked up an 8% increase in revenue for the year to 30 June 2009, 5% of which it attributed to acquisitions. The firm's cake division, its largest, saw sales rise 2% in absolute terms, but remain flat on a like for like basis. The smaller Bread & Free From uni
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