Smith & Nephew Plc (SN.): Full Year 2017 Results
Stock up 0.2% at 08:15
SN reports strong Q4 and full year 2017 results, with underlying revenue up 3% and operating profit margin of 19.6%, up 240bps. Good performance was driven by Knee Implants and Emerging Markets but offset by softness in AET and European Advanced Wound Care.
Read more...Nanoco Group PLC (NANO): Material Development and Supply Agreement signed.
Stock up 35.3% at 08:15
Undisclosed US partner will fund necessary CAPEX to expand Nanoco facilities and supply necessary materials to allow mass production. Commercial supply is currently anticipated to begin early 2019.
Read more...Epwin Group PLC (EPWN): Year-end to 31 December 2017 trading update.
Stock up 0.6% at 08:15
Group profits expected to be in line with expectations despite issues affecting two largest customers and challenging near term market conditions.
Read more...QinetiQ Group plc (QQ.): Third Quarter Trading Update.
Stock down 0.4% at 08:15
QinetiQ reports solid performance across the Group in the third quarter, with expectations for overall performance for FY18 unchanged. Pension moves into surplus, allowing QinetiQ to cease making contributions of £10.5m per annum, improving cash flow.
Read more...Avacta Group PLC (AVCT): Strong Progress and Milestones Outlined to 2021
Stock up 3.3% at 08:15
AVCT sets objectives for 2018-2021 as establishing recurring revenues from Affimer reagent licenses and embarking on clinical stage programmes.
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Lower break even for Johan Sverdrup
With the world class development almost 70% complete, estimated costs have been reduced and the resource estimate increased, bringing the break even costs down to below $15/bbl for Phase 1 of the Statoilt operated project, offshore Norway.
Read more...Osirium Technologies (OSI): Signs new member to its channel programme.
Stock down 1.5% at 08:02
Progress Distribution signs up as a channel distributor of Osirium’s PAM product.
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Volatility spike: Investors have only themselves to blame
The only mystery is why markets were so placid in the first place
Perhaps controversially, we view the intellectual horsepower being consumed by the legions of writers commenting on every second’s movement in markets over the last few days not dissimilar to the wasted electricity consumed to validate speculative bitcoin transactions. Both activities are in our view of relatively modest economic value, even if there is currently heightened demand. There have been, in a historical context, only modest declines from the highs for major stock markets, albeit concentrated in the stronger local currency year to date performers of the US and Japan. In volatile times, investors must remain focused on the long-term outlook.
Read more...Angle PLC (AGL): Signed agreement with Abbott progresses ANG-002 FDA study
Stock down 2.2% at 08:11
Collaboration with Abbott may unlock the potential for HER-2 status testing via a simple blood test, a positive development for the study.
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