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Sector movers: Smith & Nephew lifts defensive healthcare stocks

Fri, 01st Aug 2014 14:19

The healthcare sector was the only category in positive territory on Friday as investors sought defensive stocks in the face of a wider market sell-off.Meanwhile, results from medical devices maker Smith & Nephew were also encouraging investors in the healthcare space after modestly beating forecasts with its second-quarter report.Adjusted earnings per share rose 13% to 20.4 cents in the second quarter as a result of a rebalancing of the business towards higher growth markets. Consensus estimates were for earnings of 19.4 per share.Revenues increased 3% to $1,147m, ahead of the $1,136m forecast."Whilst the performance was slightly mixed, the underlying picture is certainly improving and we continue to see a long-term growth story evolving," said analyst Nicholas Keher from Investec.The stock was up 2.6% at 1,052.3p by 14:04. However, Keher did downgrade the shares from 'buy' to 'add', saying that they "may struggle to break past £11".Other London-listed healthcare stocks were also performing well in afternoon trade, including Synergy Health, Tristel and Bioquell.Defensive sectors such as healthcare usually perform well in times of market volatility as markets tend to favour companies whose products are likely to be resilient to economic uncertainty.Top performing sectors so far todayHealth Care Equipment & Services 5,845.30 +1.66%Bottom performing sectors so far todayForestry & Paper 10,976.01 -2.30%Fixed Line Telecommunications 4,354.88 -2.19%Mining 17,548.14 -2.17%Chemicals 9,541.35 -2.06%Life Insurance 7,014.78 -1.99%BC
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14 Jan 2019 13:12

Bioquell Takeover By US Ecolab Granted Court Approval

LONDON (Alliance News) - Bioquell PLC said Monday its GBP140.5 million takeover by US water, hygiene and energy technology giant Ecolab Inc has received a court order approving the said the on the

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3 Jan 2019 15:59

UK Shareholder Meetings Calendar - Next 7 Days

Friday 4 JanuaryCambria AutomobilesMonday 7 Januaryno events 8 Real Trust (re share 9

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30 Nov 2018 12:55

EXTRA: Bioquell Accepts Takeover Offer From US Hygiene Giant Ecolab

LONDON (Alliance News) - British decontamination solutions provider Bioquell PLC on Friday said it has agreed to a GBP140.5 million takeover offer from Ecolab US 2 Inc, part of water, hygiene and

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30 Nov 2018 08:56

LONDON MARKET OPEN: Miners Send FTSE 100 Lower After Weak Chinese Data

LONDON (Alliance News) - Stocks in London opened broadly lower, with miners weighing on the FTSE 100, as investor attention shifts to the G20 Summit getting underway in Buenos Aires.The FTSE 100 A

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30 Nov 2018 08:49

Bioquell surges on offer from Bill Gates-backed Ecolab

(Sharecast News) - Bioquell shares surged on Friday as it agreed to be bought by US hygiene company Ecolab for £140.5m.

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30 Nov 2018 07:59

Bioquell Agrees GBP141 Million Merger With US Firm Ecolab

LONDON (Alliance News) - Decontamination solutions provider Bioquell PLC said Friday it has agreed to a GBP140.5 million merger offer from Ecolab US 2 Inc, a unit of US-based water, hygiene and a

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30 Nov 2018 07:38

LONDON MARKET PRE-OPEN: Ecolab To Acquire Bioquell For GBP141 Million

LONDON (Alliance News) - Stock prices in London are seen opening marginally lower on Friday as investors await a meeting of US and Chinese leaders at the G20 summit.IG futures indicate the FTSE is

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24 Jul 2018 10:41

Bioquell Half-Year Profit Surges After Sale Of Non-Core Business

LONDON (Alliance News) - Bio decontamination solutions provider Bioquell PLC said Tuesday that its profit for the first half of 2018 increased 41%, as it disposed of its non-core defence were 8.4%

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25 May 2018 12:28

Bioquell Sells Non-Core MDH Defence Unit For Up To GBP1.0 Million

LONDON (Alliance News) - Bioquell PLC on Friday said it sold its MDH Defence business for an initial consideration of GBP400,000.The pharmaceutical company said it can get a further payment

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23 Apr 2018 13:44

Bioquell Trading In Line As Progress Continues Despite Currency Drag

LONDON (Alliance News) - Infection control firm Bioquell PLC said Monday its trading remained in line amid "further progress" despite the strengthening of the pound acting as a at annual

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7 Mar 2018 13:39

Bioquell Profit Jumps As It Moves Focus Onto Core Operating Division

LONDON (Alliance News) - Bio-decontamination product maker Bioquell PLC on Wednesday reported a sharp increase in profit for 2017, with revenue also up, as it main division to

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24 Aug 2016 15:41

Bioquell lifts H1 profit, restructures management

(ShareCast News) - Bioquell has booked a first-half pre-tax profit of £378,000, from a profit of £69,000. Revenue slipped to £12.1m, from £12.5m. It cited cost reduction for the improved profitability as it implemented several management changes. It said, following a strategic review, that sharehold

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13 Jun 2016 15:02

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8 Jun 2016 14:24

Bioquell Chairman To Be Replaced By Cyprotex Chairman Ian Johnson

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3 Jun 2016 15:03

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