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Share Price Information for Int.biotech. (IBT)

London Stock Exchange
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Share Price: 664.00
Bid: 660.00
Ask: 668.00
Change: 6.00 (0.91%)
Spread: 8.00 (1.212%)
Open: 662.00
High: 672.00
Low: 662.00
Prev. Close: 658.00
IBT Live PriceLast checked at -
International Biotechnology is an Investment Trust

To achieve capital growth through investing in high growth, development stage biotechnology companies.

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STOCKS NEWS EUROPE-Biotechs hit as UK small caps fall

Fri, 11th Apr 2014 08:17

The FTSE Small Cap Index falls 0.4 percent while the junior-listedFTSE AIM All Share Index retreats 0.8 percent, broadly tracking a 0.8percent drop on the blue-chip FTSE 100 index.

The FTSE 250 mid-cap index falls 1.2 percent.

Oxford BioMedica declines by 2.9 percent, as brokerage N+1 Singersays it has decided to place its forecasts on the company under review followingthe company's final results statement on April 10.

"Oxford BioMedica reported 2013 full-year results yesterday highlightingthat it has cash sufficient to fund company activities into Q3 2014. As aresult, funding is likely to become strained in the very near term unless a newsource of finance is identified," write N+1 Singer analysts.

An overnight sell-off on biotechnology stocks on the United States' Nasdaqindex also weighs on small-cap UK companies in that sector as well, withInternational Biotech falling by 4.7 percent while Biotech Growth Trust retreats by 4 percent.

Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net

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