John Lewis of Hungerford serves up a treat for relieved investors
Some of the main news driven risers and fallers at 3.40pm…
Company
LON:APH
Alliance Pharma PLC is an international healthcare group, headquartered in the UK with subsidiaries in Europe, the Far East and the US and wide international reach through an extensive network of distributors, generating sales in more than 100 countries. The company holds marketing rights to around 80 Consumer Healthcare brands and Prescription Medicines, which are managed on a portfolio basis according to their growth potential.
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Some of the main news driven risers and fallers at 3.40pm…
The specialty pharmaceutical company generated over £11mln of cash
The heavyweight dragged on the FTSE 100, which closed down 20.99 points
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Wednesday's calendar includes annual results from Galliford Try and Dunelm along with official UK jobs data
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Week ahead includes latest Bank of England policy meeting, UK data on inflation, unemployment, wages and retail sales, plus corporate updates from Next, Associated British Foods, Wm Morrison Supermarkets, and JD Wetherspoon
The company has made the transition from a business capitalised at £90mln to company now worth around a quarter of a billion pounds - but has the market at large picked up on (and priced in) the transformation?
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Some of the day's headlines on the Proactive Investors newswire
A glance at some of the bigger risers and fallers today in London ...
“Whilst this is disappointing news, this will have no material impact on the company's expected near-term results.”
With an hour and a half of trading to go in London, the FTSE 100 index was 36 points higher at 7,404, albeit remaining below an early peak of 7,425.52
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A glance at some of the stories on the Proactive newswire today
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In a pre-close trading update, the specialty pharmaceutical company said it performed well in the first half with sales for the period up 8% at £50.3mln, against £46.4mln at the same stage in 2016
Investments and investor services
FTSE 100 had a bumpy ride on the day and closed almost 14 points down at 7,390...
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Day ahead: Updates from Royal Mail, Rio Tinto; UK June inflation numbers ...
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Week Ahead: Unilever PLC, Vodafone PLC, easyJet PLC, Sports Direct PLC, Royal Mail Group PLC ...
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A glance at some of the stories on the Proactive newswire today...
Trading is good and cash flow is strong, while UK regulatory approval for its Diclectin nausea treatment is still expected in the third quarter.
Some of the main risers and fallers in London at 3.45pm
FTSE 100 closed at 7,517 - up 2.81. points, or 0.04% and failed to make a record close