TechMARK movers: Patent dispute win for S&N
20th Oct 2010 12:42
Medical devices supplier Smith & Nephew has won its appeal over a patent dispute with Kinetic Corporation. A court in Texas says that the wound management patents are "invalid due to obviousness". S&N has already won similar cases in the UK and Germany. Kinetic has 90% of the US market for the ni
Read moreLondon close: Strong gains for FTSE 100
13th Oct 2010 16:36
Footsie moved up gear following a strong start on Wall Street, and was nearly posting triple-digit gains at trading's close. US stocks are going well following strong results from processor group Intel and banking giant JP Morgan and strong indications from the Federal Reserve that further stimulus
Read moreLondon afternoon: Still up over 1%
13th Oct 2010 14:45
The leading index broke above 5,750 briefly ahead of the opening bell on Wall Street, its highest since the end of April, led by a powerful mining sector. US stocks have started well - the Dow Jones is up almost 70 points - following strong results from Intel and JP Morgan and strong indications fr
Read moreFTSE 100 movers: Miners stimulated by US hopes
13th Oct 2010 13:31
Xstrata, Vedanta Resources, Anglo American and Rio Tinto are higher on hopes of a fiscal stimulus in the US. Oil services group Petrofac is upgraded to 'overweight' from 'equal-weight' by broker Morgan Stanley, which thinks business opportunities in Britain, Iraq and Algeria will boost the company
Read moreTechMARK movers: Antisoma awaits trial results
13th Oct 2010 12:57
Drugs developer Antisoma is higher following its interim management statement which says that it is on track to report phase III trial results for its AS1413 leukaemia treatment in the first half of 2011. Market research suggests that the potential market for AS1413 is worth up to $670m a year. If
Read moreLondon midday: Footsie boards the Fed express
13th Oct 2010 12:05
Hints from the US Federal Reserve that it will resume its bond buying programme sooner rather than later galvanised the UK market in the morning session with mining stocks going particularly well. Xstrata, Anglo American, Rio Tinto and Antofagasta are the pick of a mining sector buoyed by the pros
Read moreLondon close: Footsie finishes lower
5th Aug 2010 16:56
Blue chips closed lower on a mixed day for company results. Insurers rose on the back of figures from Aviva and RSA, but banks slipped back on Barclays' numbers. Disappointing unemployment data from the US also undermined confidence, while the decision from the Bank of England and ECB to keep inter
Read moreFTSE 100 movers: Insurers please market
5th Aug 2010 15:40
Strong results from insurers are offsetting disappointing figures from other Footsie companies. Aviva reported a better-than-expected 21% rise in its half-year profit, while RSA Insurance Group announced revenue growth in all geographic regions and a 'resilient underwriting result' in what was a t
Read moreLondon afternoon: Insurers in demand
5th Aug 2010 14:23
Company results have divided opinion in the market today leaving the FTSE 100 in a mixed-up mood, while second-liners make decisive headway. Insurers are doing their bit to push the market higher with Aviva and RSA Insurance both firmer after releasing figures. Aviva reported a better-than-expect
Read moreLondon midday: Footsie stays strong after rally
5th Aug 2010 12:32
Footsie seems to have stabilised in positive territory amid a mixed reception for today's deluge of company updates. There were no surprises from the Bank of England today as its Monetary Policy Committee kept rates on hold at 0.5%. Insurer Aviva is currently the best performer after it reported a
Read moreLondon open: Shares drop amid flood of results
5th Aug 2010 08:20
London's blue chips are slightly lower as investors consider a mixed bag of corporate results on what is set to be one of the busiest days of the year. Cobham is leading the fallers, down more than 6%, after the defence and aerospace products group saw pre-tax profits fall in the half year to June
Read moreSmith & Nephew Q2 tops forecasts
5th Aug 2010 07:12
Medical devices firm Smith & Nephew said it sees clear signs of progress in its US trauma and European businesses and a strong emerging market performance as it posted a 7% rise in second quarter trading profit. Trading profit rose to $226m for the three months to 3 July rose from $212m before. Rev
Read moreEARNINGS PREVIEW: Smith & Nephew Net Profit Up $132M
2nd Aug 2010 15:20
Smith & Nephew PLC (SN.LN): 2Q Earnings Due: August 5 at 0600 GMT DJ Survey of 3 UK analysts Average Net Profit: $132M, up 12% ($118M in Q2 2009) Average Revenue: $936M, up 1% ($926M in Q2 2009) Note: Bernstein Research said it's cautious on the stock ahead of group's 2Q results after U.S. pee
Read morePRESS RELEASE: Smith & Nephew Given Right to Appeal in Patent Litigation in the United Kingdom - Sales of RENASYS Product Range in UK Continues
30th Jul 2010 11:29
HULL, England, July 30 /PRNewswire-FirstCall/ -- The Advanced Wound Management division of Smith & Nephew, Inc., a subsidiary of Smith & Nephew plc. (LSE: SN; NYSE: SNN) notes the finding of the Patents Court of the High Court of Justice of England and Wales in the patent litigation brought by Kinet
Read morePRESS RELEASE: (KCI) KCI Obtains Injunction Against Smith & Nephew In UK
30th Jul 2010 05:06
KCI Obtains Injunction against Smith & Nephew in United Kingdom UK High Court of Justice Enters Injunction Against Smith & Nephew's NPWT Products; Injunction Stayed Pending Expedited Appeal SAN ANTONIO--(BUSINESS WIRE)--July 30, 2010-- Kinetic Concepts, Inc. (NYSE:KCI) today announced that t
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