Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVEC.L Share News (VEC)

  • There is currently no data for VEC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 250 movers: Zoopla helps keep market marginally in the black

Fri, 08th Jan 2016 15:11

(ShareCast News) - The FTSE 250 remained in the black by mid-afternoon, but only just with the market up 0.27 points (0.00%) to 16,792.49.Zoopla Property Group surged nearly 7% after Berenberg issued an analysis of the media sector and reiterated its 'buy' rating for the property classifieds website as well as its target price of 300p.The investment bank said the online classified model is extremely attractive, especially when it comes to property. "At a critical mass, of which Zoopla has reached, there is a certain dependency from househunters and therefore a necessity for agents to be members." While On The Market has recently entered the scene, Berenberg didn't believe it differentiate enough from Zoopla it and won't last long-term, saying the disruption from the new competitor is an overreaction. "That said, OTM should still be considered a disruptor to what is a solid structural growth and margin development story."Vectura Group wasn't too far behind after it announced it had made a big step forward in the development of two of its products on Friday, VR315 and VR506, with the completion of a US clinical trial and the disclosure of its US development partner.The firm described VR315 as a generic, inhaled combination therapy of fluticasone and salmeterol, delivered to asthma and chronic obstructive pulmonary disease sufferers using a proprietary dry powder inhaler and Vectura's formulation technology. It also confirmed that its partner in developing the VR315 programme, as well as the VR506 product, was Roxane Laboratories - a subsidiary of Boehringer Ingelheime based in Connecticut.Just Eat also rose as investors digested a broker note from Jefferies that upgraded the company's price target from 515p to 550p and reiterated its 'buy' rating.It said that it isn't entirely sure if the website statistics have been priced in yet, but an increase of the commission it takes on takeaway orders to 14% certainly isn't. "Our recent review of JE's TR network suggests that TR's new to the UK network are now being charged a 14% commission rate. JE last upped the UK rate from 11% to 12% in January 2014, we conclude two things. The UK rate steps up to 14% not 13% and that this happens in 2016."As some uncertainty remained about what would happen next in China, one of the world's biggest commodities consumers, miners and oil companies continued to lead the fallers by the end of the week.Chinese markets appeared to be in a less fidgety mood, given Beijing had suspended its new circuit-breaker rule which closed the markets twice this week. The Shanghai Composite Index finished up 1.97% at 3,186.41, a slight recovery from the 7% dive it took during the 30-minute trading day on Thursday. However oil prices were still sitting around $33 a barrel, driven down after Iran has banned imports from Saudi Arabia as the rift between the two nations escalated earlier this week. It came as Iran reportedly accused Saudi Arabia of intentionally launching an airstrike on its embassy in Yemeni capital Sanaa.These international events all had an impact on seven of the 10 biggest fallers. Tullow Oil also had its target price lowered by JP Morgan from 310p to 295p. FTSE 250 - RisersZoopla Property Group (WI) (ZPLA) 240.40p 6.84%Vectura Group (VEC) 188.50p 5.84%Elementis (ELM) 217.50p 4.92%Just Eat (JE.) 474.20p 3.65%Marston's (MARS) 164.40p 3.53%Auto Trader Group (AUTO) 440.30p 3.24%Card Factory (CARD) 351.40p 2.78%Betfair Group (BET) 3,977.00p 2.76%BBA Aviation (BBA) 178.60p 2.70%Poundland Group (PLND) 172.00p 2.50%FTSE 250 - FallersTullow Oil (TLW) 141.30p -5.80%Evraz (EVR) 63.70p -5.77%Vedanta Resources (VED) 227.10p -5.22%Jimmy Choo (CHOO) 121.10p -4.12%Wood Group (John) (WG.) 560.00p -3.53%Petrofac Ltd. (PFC) 715.50p -3.51%Ophir Energy (OPHR) 85.05p -3.46%Debenhams (DEB) 65.50p -3.25%Cairn Energy (CNE) 137.00p -3.18%Enterprise Inns (ETI) 104.50p -3.15%
More News
1 Oct 2021 10:22

IN BRIEF: Philip Morris deal for Vectura gets 97% acceptances

IN BRIEF: Philip Morris deal for Vectura gets 97% acceptances

Read more
29 Sep 2021 09:23

UPDATE 2-Morrisons takeover battle will go to UK auction on Oct. 2

(Adds background)LONDON, Sept 29 (Reuters) - A $9.5-billion fight for British supermarket Morrisons will be decided at an auction on Saturday, when two U.S. private equity groups will go head-to-head in up to five rounds of bids.Britain's Takeover...

Read more
20 Sep 2021 13:35

IN BRIEF: Vectura to delist on October 19 after Philip Morris takeover

IN BRIEF: Vectura to delist on October 19 after Philip Morris takeover

Read more
16 Sep 2021 11:29

TOP NEWS SUMMARY: Tobacco maker Philip Morris wins asthma firm Vectura

TOP NEWS SUMMARY: Tobacco maker Philip Morris wins asthma firm Vectura

Read more
16 Sep 2021 09:07

TOP NEWS: Vectura shareholders accept Philip Morris takeover

TOP NEWS: Vectura shareholders accept Philip Morris takeover

Read more
16 Sep 2021 08:02

Philip Morris seals contentious Vectura takeover

(Sharecast News) - Philip Morris International has taken control of Vectura after the cigarette company's contentious bid was supported by owners of almost 75% of the inhaler maker's shares.

Read more
16 Sep 2021 07:33

UPDATE 3-Philip Morris seals deal for UK's Vectura despite health group concerns

* Holders of roughly 75% Vectura shares tender support* PMI needed 50% backing for deal to go through* Extends deadline for other holders to tender shares by Sept. 30 (Adds comment from health group; background on deal)By Pushkala Aripaka and Siddh...

Read more
16 Sep 2021 07:33

UPDATE 2-Tobacco firm Philip Morris seals deal for UK's Vectura with 75% support

* Holders of roughly 75% Vectura shares tender support* PMI needed 50% backing for deal to go through* Extends deadline for other holders to tender shares by Sept. 30 (Adds detail, background)By Pushkala AripakaSept 16 (Reuters) - Cigarette maker P...

Read more
14 Sep 2021 18:24

IN BRIEF: Philip Morris gets Japanese regulatory approval for Vectura

IN BRIEF: Philip Morris gets Japanese regulatory approval for Vectura

Read more
8 Sep 2021 07:49

UPDATE 3-$10 bln U.S. battle for Britain's Morrisons heads for auction

* Morrisons agreed CD&R's 7 bln stg offer last month* Rival suitor Fortress considering options* All parties talking to Takeover Panel regarding auction* Morrisons shares trading above CD&R's offer (Adds detail, shares)By James DaveyLONDON, Sept 8 (...

Read more
8 Sep 2021 07:49

UPDATE 2-$10 bln U.S. battle for Britain's Morrisons heads for auction

* Morrisons agreed CD&R's 7 bln stg offer last month* Rival suitor Fortress considering options* All parties talking to Takeover Panel regarding auction* Morrisons shares trading above CD&R's offer (Adds details, shares)By James DaveyLONDON, Sept 8 ...

Read more
8 Sep 2021 07:28

UPDATE 2-UK's Smiths to sell medical division to ICU for $2.4 bln, snubs TA

* Smiths Group agrees sale of unit to ICU Medical* Withdraws recommendation for TA Associates deal* Shares up 4%, biggest riser on the FTSE 100 index (Adds shares, ICU Medical statement, background)By Yadarisa ShabongSept 8 (Reuters) - British indus...

Read more
19 Aug 2021 14:32

Philip Morris snaps up more Vectura shares ahead of deal deadline

(Sharecast News) - US tobacco giant Philip Morris has bought up more shares of London-listed inhaler maker Vectura.

Read more
19 Aug 2021 10:47

Philip Morris lifts Vectura stake to 29%, halts further market trades

Philip Morris lifts Vectura stake to 29%, halts further market trades

Read more
18 Aug 2021 10:27

Philip Morris buys 23% Vectura stake ahead of contentious vote on deal

Philip Morris buys 23% Vectura stake ahead of contentious vote on deal

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.