Cambridge Index declines 1.2%

The Cambridge Index declined 1.2% or 191.3 points, to end at 15,509.8, as index heavyweight stocks Johnson Matthey, DS Smith and Greene King posted losses.

Shares in Johnson Matthey traded 3.4% lower during the week, DS Smith lost 1.6% and Greene King fell by 5.2%. Meanwhile, AVEVA Group, up 0.9%, announced that its Non Executive Director, Jennifer Allerton, has purchased 1,000 ordinary shares in the company at 2457p per share.

Shares in Vernalis advanced 14.4% during the week and emerged as the top gainer in the Cambridge index. Bango, up 1.4%, announced that it has completed the integration of the Bango Payments Platform with Mozilla’s Firefox Marketplace.

Domino Printing Sciences, up 4%, announced that that its Executive Director, Garry Havens, has sold 6,000 ordinary shares in the company at a price of 646p per share, reducing his holding in the company to 44,390 ordinary shares.

Cyan Holdings fell 16.7%, making it the largest percentage faller in the Cambridge index, but from a low base. Blinkx, down 3.5%, announced an all cash transaction with Grab Network Holdings, to acquire Grab Media property, with an aim to add an incremental audience and boost its relationships with advertisers, publishers and content providers.

1Spatial announced that its newly acquired business, Star-Apic, has won a contract worth €1.4m from the municipalities of Rabat, Tangier and Tetouan in Morocco, to deliver its Elyx 3D Smart City solution.

Kier Group, down 0.7%, noted that it has reached financial close for Blue 3, a PFI consortium comprising Kier and DIF Infrastructure II as co-investors, in a £70m London Fire Brigade project. Phytopharm announced that its financial performance for the period from 1 April 2013 to 9 August 2013 was in line with its expectations and noted that, as of 31 July 2013, its unaudited money market investments, cash and cash equivalents stood at £5.15m. The company also noted that it has received shareholder approval for a share consolidation in order to create a share capital base which is more consistent with that of companies of a similar size.

In the UK, the FTSE 100 index fell 1% to 6,583.4, amid concerns over Bank of England Governor, Mark Carney’s, comment that unemployment rates in the UK will probably remain above 7% for the next three years. The FTSE techMARK 100 Index lost 0.2%, to 2,939.8, while the FTSE AIM 100 Index rose 1.5%, to 3,400.1.

US markets declined during the week, as investors continued to weigh a possible tapering in the Fed’s bond purchases. The DJIA index slid 1.5%, to close at 15,425.5, while the NASDAQ index declined 0.8%, to close at 3,660.1.

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