logo-loader

Risers & Fallers: Formation Group, Harvey Nash, Sarossa, Spectra, Trinity Exploration, Vitesse

Last updated: 16:36 29 Jan 2016 GMT, First published: 05:36 29 Jan 2016 GMT

Vitesse
Vitesse Media's shares more than doubled

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

RISERS

Vitesse Media (LON:VIS), up 127.3%. The shares more than doubled to 3.125p after non-executive chairman Chris Ingram proposed to subscribe for 13.9mln shares at 1.8p a pop.

Trinity Exploration & Production (LON:TRIN), up 35.0%. Not sure why the shares have gone up on the day Legal & General reduced its stake below 10% to 9.84%, but as Run DMC once said, it's like that, and that's the way it is.

Spectra Systems (LON:SPSY), up 22.4%. The machine-readable high speed banknote authentication and brand protection technologies developer gas acquired certain speciality phosphor assets primarily used in the authentication of world banknotes for US$3.15mln and, more importantly, with them a whole slew of new customers.

FALLERS

Sarossa (LON:SARS), down 8.2%. The shares fell to 1.34p as the investment company revealed it bought back 2mln shares at 1.31p each.

Formation Group (LON:FRM), down 6.0%. A record year for the property development company, but still not good enough for the market, even though it returned to profit.

Harvey Nash Group (LON:HVN), down 5.7%. The shares dipped 4.5p to 74.5p as the company revealed directors acquired 570 shares – yes, 570 – in aggregate at 79p a pop .


Below are some of the main news-driven share price changes among FTSE 350 stocks at 12.30pm.

RISERS

Tullett Prebon (LON:TLPR), up 7.8%. The inter-dealer broker saw a pick-up in activity in the final two months of 2015 and revealed the full-year underlying operating profit margin is set to be higher than previously indicated, at around 13.5%.

DS Smith (LON:SMDS), up 7.7%. Charles Stanley has initiated coverage on the packaging firm with a 'buy' rating.

ICAP (LON:IAP), up 3.5%. Rises in sympathy with sector peer Tullett Prebon.

FALLERS

Home Retail Group (LON:HOME), down 4.4%. Just days before the 2 February deadline for Sainsbury’s to “put up or shut up” reports are emerging that the two sides are unable to agree on a price.

Antofagasta (LON:ANTO), down 3.4%. It has not been a good day for miners, and an 'under-perform' recommendation from Credit Suisse has not helped FAGS much.

Acacia Mining (LON:ACA), down 3.2%. Credit Suisse likes Acacia more, and has issued a note with an 'outperform' rating, but that has not stopped the stock following the sector lower.


Below are some of the main news-driven share price changes at 10.00am.

RISERS

Petroceltic (LON:PCI), up 38.5%. It has been a week since 29.6% stakeholder said it was mulling a bid for the company, and either something is afoot or someone is taking a flyer.

WANdisco (LON:WAND), up 15.3%. The Big Data software company is up 53.7% over the last five days and rose again this morning, despite no news emerging; however, earlier this week it was announced that OppenheimerFunds had upped its stake from 4mln shares to 4.64mln, equivalent to 15.68% of the company.

Learning Technologies (LON:LTG), up 15.7%.  The AIM quoted group is acquiring businesses for nearly US$30mln it expects will be “immediately and significantly” earnings enhancing.

FALLERS

ITM Power (LON:ITM), down 21.8%. It's a familiar story of a growth company raising shares at a discount, and the shares therefore taking a dive. The hydrogen storage and fuel cell specialist is to raise up to £5.85mln to fund its expansion and development plans.

Proxama (LON:PROX), down 11.9%. The digital marketing firm is mulling the sale of its digital payments business after receiving a number of indications of interest. Investors focused more on its underlying loss of £5.3mln, though encouraging it only lost £1.8mln in the second half of the year.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

16 minutes ago