London pre-open: Cautiously lower
1st Sep 2009 07:40
While bourses on the European mainland set about clawing back some of the losses suffered yesterday London, which was closed yesterday, looks set to open lower with traders predicting the FTSE 100 will open around 7 points lower at 4,901. Asia-focused bank Standard Chartered has agreed to sell its
Read moreSkyepharma faces long US delay for Flutiform
1st Sep 2009 07:26
Drug developer Skyepharma's US launch of asthma treatment Flutiform will be delayed for two years at least after the US Food and Drug Administration insisted on more data on dosing. The result is a blow for Skyepharma, which originally had expected approval in the first quarter of this year after t
Read moreLondon close: Fed optimism bolsters Footsie gains
21st Aug 2009 16:31
Footsie finished with strong gains going into the weekend after US Federal Reserve chairman Ben Bernanke said prospects for a return to global growth look good. 'After contracting sharply over the past year, economic activity appears to be levelling out, both in the United States and abroad, and th
Read moreLondon afternoon: Footsie bursts through 4800
21st Aug 2009 14:15
Trading remains very thin in London but that has not stopped the Footsie from moving above the 4,800 level for the first time since October of last year. Insurance companies, with their huge investment portfolios, are naturally big beneficiaries of the continued market revival and they lead today
Read moreTechMARK movers: SkyePharma gains on results
21st Aug 2009 13:15
Shares in SkyePharma are in demand after the drug developer narrowed first-half losses and said trading in the second half of 2009 is expected to remain in line with expectations. Pre-tax loss came to £5.8m in the six month ended 30 June compared with a loss of £6.4m last time. Revenues were dow
Read moreLondon midday: London's streak continues
21st Aug 2009 12:04
The wobble by global stock markets on Monday following last Friday's dismal US consumer sentiment figures seems a long time ago now as London looks well set to advance for the fourth day in a row. Insurance companies lead the advance in the wake of yesterday's surge by fallen US insurance giant AI
Read moreLondon open: Shares start lower
21st Aug 2009 08:17
London's top stocks have opened lower on profit taking ahead of the weekend and weaker Asian markets. Last night's gains in the US and yesterday's 10½ month high in London counted for nothing in the East today where stocks have tumbled. Hong Kong stocks were unsettled by fears the China's banking
Read moreSkyePharma narrows loss
21st Aug 2009 07:33
Drug developer SkyePharma narrowed first-half losses and said trading in the second half of 2009 is expected to remain in line with expectations. Pre-tax loss came to £5.8m in the six month ended 30 June compared with a loss of £6.4m last time. Revenues were down by 10% to £25.5m, with the first
Read moreSmall caps round-up: Cellcast, Haike, Real Good Food ...
9th Jun 2009 08:35
Cellcast, a provider of technology that allows TV images to be viewed on mobile phones, moved into profit in 2008 after cutting costs and lifting revenues. The firm posted a pre-tax profit of £180,000 for the year, compared to a £2.15m loss the previous year. Revenue climbed to £16m from £12m. The
Read moreTechMARK movers: SkyePharma up on Flutiform
22nd May 2009 14:41
Shareholders in drug developer SkyePharma received a pick-me-up after the company said that its new drug application for its lead development product, Flutiform, has been accepted for review by the US Food and Drug Administration. As a result, an amount of $2m us due to SkyePharma, from which the
Read moreSmall caps round-up: Advanced Power, Rockhopper, Omega Insurance...
22nd May 2009 09:09
Electronic components group Advanced Power Components (APC) announces the appointment of David Brown as interim finance director, replacing Rod Muir, with immediate effect. The group said it is at an early stage in the process of recruiting a new permanent finance director and a further announcemen
Read moreTechMARK movers: Turbo Power races ahead
15th May 2009 13:14
Turbo Power Systems saw losses narrow in the first quarter and said the majority of its markets are still proving to be resilient to the current economic turmoil. Losses reduced to £0.37m in the quarter ended March compared with a £2.29m loss last time. Specialist healthcare group Ark Therapeutics
Read moreSmall caps round-up: Mission Marketing, Mercury Recycling, Medicsight...
15th May 2009 08:12
Marketing communications company Mission Marketing has raised £1m from a placing of 2.5m shares with new and existing institutional shareholders at 40p each. "We were delighted with the reaction we received following the publication of our preliminary results for the year ended 31 December 2008," s
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