The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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
27 May 2020 13:10

UK TRADING UPDATE SUMMARY: Caffyns To Reopen Showrooms As Curbs Ease

UK TRADING UPDATE SUMMARY: Caffyns To Reopen Showrooms As Curbs Ease

Read more
1 May 2020 14:30

Vectura upbeat on EMA nod for 'Enerzair Breezhaler'

(Sharecast News) - Inhalation contract manufacturer Vectura Group noted an announcement from Novartis on Friday, that the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending the approval of 'Enerzair Breezhaler'.

Read more
23 Mar 2020 09:43

UK BROKER RATINGS SUMMARY: Barclays Raises Pearson, Moneysupermarket

UK BROKER RATINGS SUMMARY: Barclays Raises Pearson, Moneysupermarket

Read more
17 Mar 2020 12:31

Vectura Resilient Against Covid-19 As Flutiform Drives Annual Growth

Vectura Resilient Against Covid-19 As Flutiform Drives Annual Growth

Read more
10 Mar 2020 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
27 Jan 2020 09:36

UK BROKER RATINGS SUMMARY: Peel Hunt Cuts Ashtead And Raises DCC

UK BROKER RATINGS SUMMARY: Peel Hunt Cuts Ashtead And Raises DCC

Read more
21 Jan 2020 12:48

Avacta Group Hires Vectura Group CFO Fry As Non-Executive Director

Avacta Group Hires Vectura Group CFO Fry As Non-Executive Director

Read more
13 Jan 2020 09:19

Vectura Targeting New Royalties In 2020 As Glaxo Lawsuit Rumbles On

Vectura Targeting New Royalties In 2020 As Glaxo Lawsuit Rumbles On

Read more
13 Jan 2020 08:25

Vectura sees FY revenues and earnings 'at least' in line with expectations

(Sharecast News) - Pharmaceuticals company Vectura said on Monday that its base business had continued to perform well in 2019.

Read more
27 Nov 2019 08:26

TOP NEWS: Hikma Submits Response To Advair Application Deficiencies

TOP NEWS: Hikma Submits Response To Advair Application Deficiencies

Read more
29 Oct 2019 09:41

Vectura Group Hires Former GE Healthcare Exec Will Downie As New CEO

Vectura Group Hires Former GE Healthcare Exec Will Downie As New CEO

Read more
18 Oct 2019 16:06

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
4 Oct 2019 17:31

UPDATE 1-Vectura, Sandoz win ruling on inhaler packaging case against GSK

(Adds comment from GSK spokesman)Oct 4 (Reuters) - Vectura Group said on Friday a British court had ruled in its favour on the packaging of a generic version of an inhaler made by bigger rival GlaxoSmithKline.Vectura said the court dismissed all G...

Read more
4 Oct 2019 14:24

High Court Dismisses Glaxo Case Against Generic Seretide Accuhaler

High Court Dismisses Glaxo Case Against Generic Seretide Accuhaler

Read more
3 Oct 2019 16:04

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

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.