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

Sunday newspaper roundup: Vectura, Sunak, Cobham

Sun, 18th Jul 2021 11:35

(Sharecast News) - "The head of Marlboro cigarette-maker Philip Morris International (PMI) has hit out at critics of a controversial swoop on a healthcare company, claiming that the acquisition will help achieve its target to make the UK smoke-free within a decade. In the wake of fierce opposition to the deal to buy FTSE 250 inhaler-maker Vectura, André Calantzopoulos, PMI's executive chairman, said the "obsessive focus" by anti-smoking campaigners on Big Tobacco was the "wrong approach", adding that PMI has the "ability and the technology" to address harm from smoking." - Sunday Telegraph
Boris Johnson and Rishi Sunak have been forced to U-turn on using a pilot scheme to avoid self-isolation after coming into contact with coronavirus. Downing Street announced early today that the prime minister and chancellor would not be following the normal rules despite having been identified as close contacts of Sajid Javid, the health secretary, who tested positive for coronavirus yesterday. They changed course within three hours after broad criticism, meaning Johnson will isolate at his Chequers retreat until next Monday. - Sunday Times

The US private equity owners of Cobham have received a bumper payout from the aerospace specialist, sparking renewed anger over last year's £4billion takeover. Advent International bought the defence firm in January 2020 after an 18-month tussle with the founding family. It then began a dismantling of the group. Now the latest accounts show Cobham Limited will pay a £42.2million dividend for 2020, rocketing from £9.5million the year before. - Financial Mail On Sunday

Revolut is considering a London Stock Exchange listing after becoming the most valuable tech company ever in Britain, the MoS can reveal. The financial 'super app' last week fetched a blockbuster valuation of $33billion (£24billion), bigger than NatWest, after an $800million fundraising from private equity giants Softbank and Tiger Global. The $33billion price tag is six times bigger than its last funding round early last year, when founder Nikolay Storonsky, 36, became one of Britain's youngest billionaires. - Financial Mail on Sunday

In January, Entain - which also owns Coral, Gala Bingo and Sportingbet - rejected an £8billion all-share offer from US-based casino giant MGM Resorts International. The collapse of the negotiations led to MGM dropping its pursuit. Under Takeover Panel rules it was prevented from returning with a fresh bid for six months. The restriction on MGM ends tomorrow, leading to heated speculation in the City that the American group is preparing a new takeover offer for the FTSE100-listed firm. - Financial Mail on Sunday

Rishi Sunak faces an extra £10bn bill over the next two years as inflation surges, driving up interest bills on Government debts that are linked to the cost of living. About a quarter of the Government's debt, amounting to £460bn, is tied to the retail price index (RPI) measure of inflation, so the Treasury must pay out more money to savers and investors when prices rise. The Office for Budget Responsibility in March predicted RPI inflation would peak at 3.1pc in the second quarter of this year. - Sunday Telegraph

Morrisons is testing supermarkets with no checkouts or staff that would let customers simply walk out with their bag of shopping in a move to rival Amazon's Fresh stores. The grocer, which is the subject of a multi-billion pound takeover tussle, has been testing the concept known internally as Project Sarah at its Bradford head office. The store is open to thousands of staff and the FTSE 100 retailer plans to expand the idea more widely. Britain's fourth-largest supermarket is working with US technology company AiFi, which uses cameras to track the objects customers pick up and put in their baskets, and charges them through a smartphone app. - Sunday Telegraph

Billionaire philanthropists George Soros and Bill Gates are part of a buyout of Bedford based developer of lateral flow tests. The founder of Microsoft founder joined the Soros Economic Development Fund in a deal to buy Mologic, which has developed 10-minute Covid tests that it aims to make for as little as $1. The consortium will pump £30m into Mologic to focus on the low-cost development of tropical diseases such as dengue fever and river blindness, taking it on from current owners Foresight Group LLP and Calculus Capital. - Sunday Telegraph

More News
3 Oct 2019 15:59

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
26 Sep 2019 15:43

Vectura Senior Independent Non-Executive Foden Leaves, Werner Replaces

Vectura Senior Independent Non-Executive Foden Leaves, Werner Replaces

Read more
24 Sep 2019 12:56

Tuesday broker round up

(Sharecast News) - TUI: UBS upgrades to neutral with a target price of 900p.

Read more
11 Sep 2019 13:12

Wednesday broker round-up

(Sharecast News) - Renew Holdings: Peel Hunt initiates at buy with a target price of 500p.

Read more
11 Sep 2019 09:31

BROKER RATINGS SUMMARY: HSBC Downgrades Shell To Hold From Buy

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:----------FTSE 100----------HSBC CUTS ROYAL DUTCH SHELL TO - BP

Read more
10 Sep 2019 10:17

Vectura Proposes Capital Return Amid "Strong" Interim Revenue Growth

(Alliance News) - Drug development firm Vectura Group PLC proposed a special dividend and buyback Tuesday after reporting revenue jumped on a strong inhaler performance with losses the six months

Read more
3 Sep 2019 16:17

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 4 September Oxford BiomedicaHalf Year ResultsDunelm GroupFull Year Year Income

Read more
17 Jul 2019 10:16

Vectura Confirms Annual Outlook; Plans GBP50 Million Shareholder Award

(Alliance News) - Vectura Group PLC on Wednesday confirmed its research & development investment priorities and proposed a GBP50 million capital return.The pharmaceutical company said a

Read more
17 Jul 2019 08:35

LONDON MARKET OPEN: Fresnillo, Johnson Matthey Help Pull FTSE 100 Down

(Alliance News) - Stocks began the day lower in London on Wednesday, with Fresnillo and Johnson Matthey failing to please investors, though there were a number of

Read more
10 Jun 2019 09:13

Vectura Chief Executive To Leave; Finance Head Named As Interim CEO

LONDON (Alliance News) - Vectura Group PLC on Monday said Chief Executive James Ward-Lilley will be stepping down at the end of June.Paul Fry, chief financial officer, will assume the role

Read more
10 Jun 2019 07:41

LONDON MARKET PRE-OPEN: Vectura And MJ Gleeson CEOs Leave

LONDON (Alliance News) - Stock prices in London are seen opening higher on Monday after US President Donald Trump suspended his plans for tariffs on Mexico, while hopes of lower US interest rates

Read more
29 May 2019 14:41

Vectura trading in line, mulling capital returns

(Sharecast News) - Vectura confirmed on Wednesday that its outlook remains in line with guidance for the full year as it said it was considering returning some capital to shareholders.

Read more
29 May 2019 13:44

Wednesday broker round-up

(Sharecast News) - Serco: RBC Capital Markets upgrades to outperform with a target price of 150p.

Read more
29 May 2019 10:01

Vectura Group On Track, Confident On Prospects For Rest Of 2019

LONDON (Alliance News) - Pharmaceutical firm Vectura Group PLC said at its annual general meeting Wednesday it is on track to meet full year guidance.In March, the firm reported a slightly

Read more
24 May 2019 09:35

Vectura Gets Milestone Payment On Novartis Submission Of Asthma Drug

LONDON (Alliance News) - Pharmaceutical company Vectura Group PLC said it is to receive a USD2.5 million milestone payment from Novartis AG relating to possible new asthma therapy filed a with EU

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.