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Risers and fallers: Inmarsat, Highland Gold, Blur

Last updated: 15:45 03 Nov 2016 GMT, First published: 09:30 03 Nov 2016 GMT

gold nuggets on a table

Some of the main news-driven risers and fallers at 3.45pm.

RISERS

Igas Energy PLC (LON:IGAS), up 28% to 13.7p. The company no longer expects to breach its daily liquidity covenant following the sale of unsecured bonds.

Inmarsat Plc (LON:ISAT), up 11% to 807p. The mobile satellite provider told investors that it is making “solid progress in challenging markets” after it saw revenues and underlying earnings grow in the three months to 30 September.

Lancashire Holdings Limited (LON:LRE), up 8% to 764p. Shares in the Bermuda-based insurance firm continued their recent strong momentum after Lancashire brought on board experienced non-executive director, Michael Dawson.

 

FALLERS

Blur Group PLC (LON:BLUR), down 29% to 3.64p. Told investors that it had cut costs in the three months to September, but said summer seasonality and Brexit had had an impact on the number of projects undertaken in the period.

International Oil & Gas PLC (LON:IOG), down 12% to 16.25p. Submitted a notice to exercise 2.5mln 11.9p warrants, while it has issued another 230,029 shares to a contractor.

 

Highland Gold Mining PLC (LON:HGM), down 7% to 157p. Told investors on Thursday that gold output fell in the three months to September, although it repeated its full-year forecast of between 255,000 to 260,000oz of gold produced.

 

Some of the main news driven share price changes at 11.15am.

RISERS

Zoo Digital Group PLC (LON:ZOO), up 20% to 9.6p. Interim results for the subtitling specialist showed it upped customer numbers and revenues in the six months to end September.

Not only that, but it has also managed to diversify its revenues sources and subsequently reduce its reliance on its largest client.

Chief executive Stuart Green said the company was “expanding” and expects it to gain “significant market share” in the coming months and years.

Shawbrook Group PLC (LON:SHAW), up 11% to 235p. The bank has loaned out more than £4bn in customer loans in the year to date, which will generated “strong risk adjusted returns”, adding that there is still “considerable potential” to grow the company.

 

FALLERS

Gattaca PLC (LON:GATC), down 10% to 309.9p. Full year results posted today were decent, but the recruiter said it had seen a slowdown in trading in the UK at the start of this financial year.

Randgold Resources Limited (LON:RRS) down 7% to 7,035p. Posted a seemingly strong set of quarterly results but investors haven’t reacted as though that is the case. Some analysts have been claming that a Clinton win in the upcoming elections – which is widely expected by everyone apart from the polls – could see the gold price move lower, hurting Randgold’s profits.

 

 

Some of the main news-driven shre price changes at 9.30am.

RISERS

Zoo Digital Group PLC (LON:ZOO), up 28% to 10.2p. Interim results for the subtitling specialist showed it upped customer numbers and revenues in the six months to end September, while also managing to reduce its reliance on its largest client.

Plutus PowerGen PLC (LON:PPG), up 10% to 1.65p. The flexible power has brought its power generation site in Plymouth into operation and it is now operating at full capacity. The firm called this a “transformational milestone” and expects to sales increase on the back of it.

 

FALLERS

HaloSource Inc (LON:HALO), down 49% to 1.2p. Weak demand for HaloSource’s products from a “key customer in China” has hit revenues, and it now expects full year revenues to be “materially lower than market expectations”. To top things off, HaloSource revealed it only has enough cash to get it through the first half of next year at current burn rates.

Xtract Resources PLC (LON:XTR), down 17% to 0.03p. Investor YA II EQ has subscribed for 3.5bn new shares at a discounted price of 0.028p each, with the finds to be used at its Manica gold project in Mozambique.

 

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