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Risers & Fallers: blur Group, Creston, Filtronic, London Capital Group, Petra Diamonds, RPS Group

Last updated: 16:00 27 Jan 2016 GMT, First published: 16:33 27 Jan 2016 GMT

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Below are some of the main news-driven share price changes at 4.20pm.

RISERS

blur Group (LON:BLUR), up 27.3%. 2015 earnings are expected to be a bit ahead of market expectations, with the online sourcing specialist doing particularly well in the Enterprise space.

Petra Diamonds (LON:PDL), up 10.1%. Shares rose after the company said it had exceeded its production target for the fist half of its financial year.

Filtronic (LON:FTC), up 9.5%. The shares surge after Legal & General reduced its stake below 9%. Perhaps investors were unaware the group held such a significant stake – currently 8.83%.

LOSERS

Creston (LON:CRE), down 15.9%. The market company said full-year profits will be down on the year before as clients delay pulling the trigger on new projects.

London Capital Group (LON:LCG), down 15.3%. The group fell heavily into the red last year, losing around £13.9mln before tax, having made a pre-tax profit of £1.1mln the year before.

RPS Group (LON:RPS), down 14.2%. Results for the full year are set to be within the company's guidance range but it has warned it may have to set aside a provision of up to some £7mln for doubtful debts.

 


Below are some of the main news-driven share price changes among FTSE 350 stocks at 12.45pm.

RISERS

Sage Group (LON:SGE), up 4.4%. Organic recurring revenue grew by 10.4% in the final quarter of 2015, driven by software subscription revenue which grew by 35.7% for the quarter. 

Britvic (LON:BVIC), up 3.8%. The dark days of the blocked merger with Irn-Bru maker AG Barr seem a long time ago now, with the soft drinks outfit enjoying a pick-me-up from a fiscal first quarter trading update, even though organic revenue growth was negative, at -2.4%. On the plus side, trading over Christmas in its core markets was encouraging, with revenue up year-on-year.

Paragon Group of Companies (LON:PAG), up 3.5%. The dark days of the credit crunch also seem a long time ago, at least for the buy-to-let mortgage specialist, which reported an improvement in the credit quality of its buy-to-let portfolio.

LOSERS

Evraz (LON:EVR), down 8.1%. The Russian mining and steel making company has reportedly suspended production at its rebar rolling mill in Kostanay.

Just Eat (LON:JE., down 7.9%. Morgan Stanley downgraded the operator of the couch potato's favourite web site to 'underweight' from 'equal weight' and slimmed down the target price to 390p from 450p.

Royal Bank of Scotland (LON:RBS), down 3.8%. RBS has set aside another £2bn linked to the payment protection insurance (PPI) scandal and US sub-prime lending legal claims.


Below are some of the main news-driven changes at 9.45am.

RISERS

Eurasia Mining (LON:EUA), up 35.9%. The Russia-focused platinum group metals mine developer said it remains on course for first platinum production in 2016.

Condor Gold (LON:CNR), up 26.9% at 41.25p. Director Jim Mellon has bought 160,000 shares at an average price of 27p, taking his stake up to 10.3% of the company.

Circle Holdings (LON:CIRC), up 22.5%. The shares have perked up after the company said it knew of no reason for the recent share price weakness. The shares have halved in value this year.

FALLERS

Global Resources Investment Trust (LON:GRIT), down 50% to 3p. The company announced plans to raise funds by placing shares at 2p each and, as is usually the case in such circumstances, the share price in the market headed towards the placing price.

PeerTV (LON:PTV), down 15.8% to 2p. The company has issued 1.58mln shares at 1,4871p per share to Yorkville Advisors to pay off some debt and accrued interest.

Deltex Medical, down 15.6% at 4.75p. Another company that is raising capital. Shares have been issued at 4p a pop to raise money to make a push in the US, where sales of probes for the company's surgical blood flow monitoring systems are rising briskly.

 

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