Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

BUZZ-Weir on the brink of possible FTSE 100 deletion

Tue, 03rd Mar 2015 11:39

** Weir on the verge of a surprise deletion fromthe FTSE 100 if the co underperforms Informa byanother 80 bps by the close on Tuesday

** Current market cap of £3,621 bln 0.8 pct higher thanInforma (£3,595), the stock in 111th place and thereforeeligible for promotion if it passes Weir

** Bulge-bracket trader says if Weir is deleted selling frompassive flows would equal c.2.1 mln shares, though second tradersays stock could be defended by active holders to avoid fall

** Stock brought into contention after weak FY results onFeb. 25 saw shares fall 11 pct

** Other likely moves: Tullow replaced by Hikma in FTSE 100; Afren, Oxford Instruments and Game Digital replaced in FTSE 250 by AA and Virgin Money and Tullow

(RM: alasdair.pal.thomsonreuters.com@reuters.net)

Related Shares

More News
24 May 2024 16:14

TRADING UPDATES: Surface Transforms and FRP placings oversubscribed

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

20 May 2024 09:47

LONDON BROKER RATINGS: Deutsche likes Trainline and Baltic Classifieds

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

16 May 2024 16:29

EARNINGS AND TRADING: Tullow Oil on track to hit free cash flow target

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately report...

16 May 2024 09:57

LONDON BROKER RATINGS: Barclays raises Travis Perkins to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

16 May 2024 09:13

Tullow Oil on track to hit production and cash flow guidance

(Sharecast News) - Tullow Oil has said it's on track to deliver full-year guidance and remains well placed to capitalise on a higher oil-price environ...

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.