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Pin to quick picksFusion Antibody Share News (FAB)

Share Price Information for Fusion Antibody (FAB)

London Stock Exchange
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Share Price: 3.40
Bid: 3.30
Ask: 3.50
Change: 0.00 (0.00%)
Spread: 0.20 (6.061%)
Open: 3.40
High: 3.40
Low: 3.40
Prev. Close: 3.40
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AIM WINNERS & LOSERS: Totally swings to half-year loss on NHS blow

Tue, 28th Nov 2023 10:33

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Supreme PLC, up 15% at 126.24 pence, 12-month range 87p-135p. The manufacturer and distributor of battery, lighting and vaping products says its interim profit jumps, and upgrades annual guidance after strong third-quarter-to-date trading. In the six months to September, revenue rises 63% on-year to GBP105.1 million from GBP64.6 million. Pretax profit nearly triples to GBP12.3 million from GBP4.4 million. It raises its interim payout to 1.5p per share from 0.8p the prior year. The firm says its second half has "begun very well", with growth reported across all divisions. It now expects financial 2024 revenue to be between GBP210 and GBP225 million, which is up from March's guidance of GBP195 to GBP205 million. Adjusted earnings before interest, tax, depreciation and amortisation are forecast between GBP32 to GBP35 million, compared to the prior range of GBP28 to GBP30 million.

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Fusion Antibodies PLC, up 17% at 4.05p, 12-month range 3.02p-70p. The contract research organisation providing discovery, design and optimisation services for therapeutic antibodies to the healthcare market signs a collaboration agreement with the US National Cancer Institute. The collaboration will see the NCI use the firm's OptiMAL to discover novel antibodies in targets selected by NCI. "We are delighted to have been able to secure a partner with the expertise of NCI to provide validation to the technology without Fusion being required to commit significant resource to the project," says CEO Adrian Kinkaid. OptiMAL is a new mammalian antibody library, which Fusion says eliminates the need for platform switching and reformatting common with other approaches.

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AIM - LOSERS

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Totally PLC, down 24% at 6.69p, 12-month range 6p-38p. The healthcare services provider reports a disappointing set of interim results for the six months to September 30. Totally says revenue drops to GBP55.8 million from GBP70.3 million year-on-year, while the firm swings to a pretax loss of GBP1.9 million from GBP1.0 million profit. The firm blames the previously-outlined "crisis" faced by the UK National Health Service for the lower revenue, given the loss of North West London contracts. "As the contracts came to the end of their contracted period, and despite previous assertions that we would retain the contracts, the ICB allowed the contracts to end. We were unable to terminate all costs immediately at that point but have since undertaken a significant cost review to remove costs related to those contracts as well as other costs which are not critical to the day to day running of the business," says Chair Bob Holt. Bolt will step down from the end of the year,,with Simon Stilwell to take his place from January 1. Stilwel was previously CEO of Bonhill Group PLC, and Liberum, which he co-founded, and currently is a non-executive director at Gresham House PLC.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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6 Mar 2023 09:04

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(Alliance News) - London's equities got off to a slow start on Monday, lagging behind more positive trading in Europe and Friday's rally on Wall Street.

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9 Feb 2023 11:43

Fusion Antibodies launches first commercial service from OptiMAL

(Alliance News) - Fusion Antibodies PLC on Thursday celebrated the launch of a new commercial service from its research and development programme, designed to address mammalian cell surface expression.

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5 Dec 2022 16:28

Fusion Antibodies confident after 'challenging' first half

(Sharecast News) - Contract research organisation Fusion Antibodies reported first-half revenues of £1.9m on Monday, down from £2.4m year-on-year.

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5 Dec 2022 11:40

Fusion Antibodies half-year loss doubles amid investment delays

(Alliance News) - Fusion Antibodies PLC on Monday said its loss has widened and revenue is down, after the first half of the financial year proved a "challenging period".

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28 Nov 2022 15:47

UK earnings, trading statements calendar - next 7 days

Tuesday 29 November 
ActiveOps PLCHalf Year Results
Altitude Group PLCHalf Year Results
Amaroq Minerals LtdQ3 Results
Atrato Onsite Energy PLCFull Year Results
Cordiant Digital Infrastructure LtdHalf Year Results
easyJet PLCFull Year Results
First Property Group PLCHalf Year Results
Focusrite PLCFull Year Results
Guanajuato Silver Co LtdQ3 Results
GB Group PLCHalf Year Results
Greencore Group PLCFull Year Results
Record PLCHalf Year Results
Renew Holdings PLCFull Year Results
Shaftesbury PLCFull Year Results
Shearwater Group PLCHalf Year Results
Supreme PLCHalf Year Results
Topps Tiles PLCFull Year Results
Treatt PLCFull Year Results
Victoria PLCHalf Year Results
VP PLCHalf Year Results
Wise PLCTrading Statement
Wednesday 30 November 
Benchmark Holdings PLCFull Year Results
Carclo PLCHalf Year Results
D4T4 Solutions PLCHalf Year Results
Future PLCFull Year Results
IG Design Group PLCHalf Year Results
Impax Asset Management Group PLCFull Year Results
LendInvest PLCHalf Year Results
Loungers PLCHalf Year Results
Mulberry Group PLCHalf Year Results
Ondo InsurTech PLCHalf Year Results
Pennon Group PLCHalf Year Results
Renalytix PLCQ1 Results
Thursday 1 December 
AJ Bell PLCFull Year Results
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Creightons PLCHalf Year Results
DSW Capital PLCHalf Year Results
Duke Royalty LtdHalf Year Results
Foresight Group Holdings LtdHalf Year Results
James Latham PLCHalf Year Results
Peel Hunt LtdHalf Year Results
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Mind Gym PLCHalf Year Results
Premier Miton Group PLCFull Year Results
Monday 5 December 
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Induction Healthcare Group PLCHalf Year Results
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Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
16 Sep 2022 15:55

UK shareholder meetings calendar - next 7 days

Monday 19 September 
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FIH Group PLCAGM
Global Ports Holding PLCAGM
Gore Street Energy Storage Fund PLCAGM
Ilika PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
ProCook Group PLCAGM
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SulNOx Group PLCAGM
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Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
23 Aug 2022 09:42

Fusion Antibodies sees revenue growth on transient expression service

(Alliance News) - Fusion Antibodies PLC on Tuesday said it achieved full-year revenue ahead of expectations, due to its transient expression service.

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9 Aug 2022 17:11

IN BRIEF: Fusion Antibodies shares rise on patent application

Fusion Antibodies PLC - Belfast-based antibody developer - Submits patent application for its bispecific designs for antigen display. The designs include an antigen part, and a "reporter" part, called a "bispecific". Believes the reporter part will increase the rate of success in the identification of highly potent antibodies from its range of Antibody Discovery technologies.

Read more
28 Jul 2022 16:14

EXECUTIVE CHANGES: Cohort co-founder out; Nuformix co-founder back

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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6 May 2022 12:52

Fusion Antibodies reports strong full-year revenue growth

(Sharecast News) - Preclinical antibody discovery and supply company Fusion Antibodies reported 14% growth in revenue in a trading update on Friday, to £4.8m.

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6 May 2022 11:29

Fusion Antibodies annual revenue grows despite challenges

(Alliance News) - Fusion Antibodies PLC on Friday said it expects to post double-digit growth in revenue, leading to strong expectations for the current period.

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21 Feb 2022 18:12

TRADING UPDATES: Panther Securities wins lease; NightCap opens new bar

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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10 Feb 2022 14:47

IN BRIEF: Fusion Antibodies sees no reason for share price fall

IN BRIEF: Fusion Antibodies sees no reason for share price fall

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14 Jan 2022 14:15

Fusion Antibodies forms new scientific advisory panel

(Sharecast News) - Preclinical antibody discovery, engineering and supply company Fusion Antibodies announced the formation of a new scientific advisory panel (SAP) of experts on Friday, to support research and development across its range of antibody services, and to provide advice regarding emerging science and technology issues and trends.

Read more

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