TechMARK movers: Oxford Bio down after update
22nd Sep 2009 11:34
Shares in Oxford BioMedica dropped after interim results from a Phase III study of the gene therapy company's cancer vaccine TroVax did not show a 'significant' survival advantage compared to placebo in the total population. 'Although I am disappointed that the trial did not meet its primary endpoi
Read moreLondon open: Bright start for Footsie
22nd Sep 2009 08:46
London's blue chips have made good progress this morning, buoyed by Wall St clawing back some of Monday's early losses in late trading in the US. It is resource stocks that lead the way again. Tullow Oil has recovered from the profit taking of the past two days, while Lonmin and Fresnillo are leadi
Read moreLondon pre-open: Buyers to return
22nd Sep 2009 07:38
Last night's brave effort on Wall Street should help London claw back some of Monday's losses, according to early indications. The FTSE 100 is predicted to rise about 20 points early on after the Dow Jones narrowed its deficit to 41 points, helped by strength among heavyweight tech issues. Over he
Read moreRM trading in line
22nd Sep 2009 07:07
Education IT specialist RM said trading so far this year has been in line with expectations. As mentioned at the time of its interim results on 11 May, the company expects revenue to grow this year as a result of its participation in numerous Building Schools for the Future (BSF) programmes. Addi
Read moreWednesday tips round-up: Legal & General, Marston's, Drax
5th Aug 2009 06:40
Life insurance is a complicated business, says Legal & General's chief executive Tim Breedon, adding that that explains the relative cheapness of his company's stock. The shares got even less expensive yesterday, when they fell 4.75% after the group's first-half results. Complicated accounting proc
Read moreTechMark movers: BATM rises on results
4th Aug 2009 14:13
Telecoms network BATM Advanced is the biggest riser after shrugging off the downturn to post a 34.3% rise in interim profits as turnover hit a record. Pre-tax profits for the period totalled $13.7m, compared with $10.2m over the same period the previous year, as revenue climbed to $69m from $65.8m.
Read moreSmall caps round-up: Devro, Cashbox, Sportech...
4th Aug 2009 11:30
Devro more than doubled first half pre-tax profit to £11m from £5m a year ago and the sausage skin maker expects the improving performance to continue through the second half. Profit before exceptional items for the six months ended 30 June 2009 rose 17% to £9.2m on sales up 27% to £105m. The inter
Read moreVodafone director spends £400,000
29th Jul 2009 15:56
Simon Murray, a director at mobile phone giant Vodafone, has more than tripled his stake in the firm with the purchase of £400,000 of shares. He bought 335,000 shares at just under 120p each and now has 492,500. Last week Vodafone said revenue rose 9.3% in the quarter to June, helped by positive e
Read moreSunday tips round-up: RM, Hill & Smith, Modern Water
5th Jul 2009 11:53
RM has diversified into educational software, electronic whiteboards and other educational devices. It has also moved into US markets, where penetration of items such as fully electronic whiteboards is much lower than in the UK. The company has net cash of around £4m, with about £12 in the bank. Th
Read moreLondon close: Triple digit fall for Footsie
15th Jun 2009 17:09
Footsie suffered a triple digit fall today with virtually all blue-chip stocks except defensive favourites such as utilities having their foot jammed hard down on the reverse pedal. Resource stocks led the decline as metals and oil prices moved lower. Platinum miner Lonmin was the weakest stock in
Read moreLondon afternoon: Prices steady at lower levels
15th Jun 2009 14:32
The market moved sideways over the lunch-time session, with the Footsie remaining deep on the red, despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almo
Read moreLondon midday: Dollar rise knocks resource stocks
15th Jun 2009 12:04
London had a difficult morning despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almost immediately squashed by the IMF saying the opposite. It believes
Read moreTechMARK movers: RM gains on contract win
15th Jun 2009 11:15
Educational computing specialist RM gained on news that it has been selected as ICT supplier for the Salford and Wigan Building Schools for the Future programme with the first stage expected to be worth up to £26m over the next five years. RM will provide ICT services with the Hochtief-led Transfo
Read moreRM wins ICT contract worth £26m over 5 years
15th Jun 2009 08:40
Educational computing specialist RM said it has been selected as ICT supplier for the Salford and Wigan Building Schools for the Future programme with the first stage expected to be worth up to £26m over the next five years. RM will provide ICT services with the Hochtief-led Transforming Learning P
Read moreRyanair's O'Leary nets £16m from share sale
8th Jun 2009 17:02
Ryanair boss Michael O'Leary has pocketed over £16m from the sale of a stake in the low-cost airline. The outspoken Irishman sold 5m shares at €3.75 each, netting him €18.75m (£16.29m). He still owns 60m shares, or 4% of the business. Shares in O'Leary's company have risen sharply in recent months
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