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Biotechs end year ahead

Biotechs led the UK equity market field last year with Cambridge Antibody Technology performing best with a yearly price rise to December 27, 2000 of 557 per cent.

As technology stocks faltered, Cambridge was followed by two other biotechs, the investment trust International Biotechnology, with a price rise of 194 per cent and Oxford Glycosciences which rose 194 per cent over the year, according to research by Thomson Financial Datastream.

Celltech, another biotech, topped the FTSE with a 106 per cent rise, but Telewest Communications came last with a loss of 68 per cent on the year.


Friends Ivory & Sime launches split capital investment

Friends Ivory & Sime has launched a new split capital investment, Geared Opportunities Income Trust, which will invest in UK quoted investment trusts and investment companies. GOIT has around £57m committed from institutional investors and will be managed by John Stubbs of FIS. The launch follows FIS&#39s rollover of ISIS Trust in November 2000, which […]

Close VCT Management – Close Technology & General VCT

Thursday, 4th January 2001.Aim: Income and growth by investing in international quoted technology stocks principally in Europe and USA, unquoted UK technology companies and unquoted companies in the non technology sectors of the UK economy.Minimum investment: £2,000.Opening-closing date: December 15, 2000-April 3, 2001.Charges: Initial 5 per cent, annual 2.5 per cent.Commission: Initial 2.5 per cent, […]

Mercantile fix for customers with cash

The Mercantile Building Society has brought in the 5.99 per cent fixed rate mortgage. The interest rate is fixed at 5.99 per cent for the first two years of the mortgage for loans up to 75 per cent of valuation. After the fixed rate period the mortgage reverts to Mercantile’s standard variable rate, which is […]

Scarborough flexes its tracker

Scarborough Building Society has brought in the flexible base rate tracker mortgage. Flexible base rate tracker will mirror the movements of the Bank of England base rate for the first year of the mortgage, giving it a payable rate of 6 per cent. After this it will have a rate of 0.75 per cent above […]


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