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Most followed - ABF, Goldman, Greece, Porta Communications and Falcon Oil & Gas

Published: 12:32 29 May 2015 BST

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Associated British Foods (LON:ABF) was top riser on Footsie Friday, after Goldman Sachs, the heavyweight investment bank, gave its target price on the stock an almighty push.

ABF is thought to be refocusing its business more towards the Primark brand as other areas, in particular the sugar sector, continue to struggle. 

It is taking its Primark brand to the USA with a September launch of a new store in Boston which Goldman says could be a catalyst for investor interest. 

Goldman expects the company to add £720mln to its earnings from its US Primark business by 2020.

The story was gaininbg web traction today, as was the continiung debt wrangling over Greece. It's the EU story that simply won't go away.

Talks are reportedly now reaching "ultimatum" stage as people are pulling cash out of the country's financial systems.

The International Monetary Fund warned yeserday that Athens would not receive any partial disbursement of funds until it signs up to a "comprehensive" package of reforms.

Also piquing web browser interest was news that UK data centre group Telecity has been bought by US rival Equinix in a £2.35bn deal.

In small caps, shares in Motif Bio (LON:MTFB) surged over 13% following news yesterday that it has now received official meeting minutes from the US Food and Drugs Administration (FDA) confirming its approval for Phase III clinical development for Iclaprim.

Falcon Oil & Gas’s (LON:FOG) shares nudged 1.3% higher as its hotly anticipated Australian shale exploration programme has now kicked off.

The company, which has a 30% stake in 4.6mln acres within the Northern Territory, today revealed that operations have begun at the first well location.

It is expected that the Kalala S-1 exploration well will now spud before the end of June, and the drilling will last between 35 and 50 days.

Porta Communications (LON:PTCM) has been much in the news of late and it revealed today that non- exec chairman Bob Morton had bought £135,000 worth of company shares.

The transaction was yesterday and he bought 2mln shares at 6.75p per share through Hawk Investments Holdings, which is beneficially owned by he and his wife.

Porta shares added over 3% on the day.

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