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Risers & Fallers: Armadale, Ashmore Global, CEB, KEFI Minerals, Resource Holding Mgt, Tavistock

Published: 16:19 06 May 2015 BST

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Below are some of the main news-driven share price changes at 4.00pm.

RISERS

CEB Resources (LON:CEB), up 20.5%. Shares in the mining and natural resources investment company rose to 0.265p from 0.22p after the company issued shares at 0.2p a share to raise £100,000.

Armadale Capital (LON:ACP), up 12.8%. Another investment company focused on natural resources, Armadale, has received US$50,000 as a result of 220.65mln shares being issued to Bergen Global Opportunity Fund, which has converted some loan notes. This will be the last of the draw-downs from Armadale's facility with Bergen.

Tavistock Investments (LON:TAVI), up 8.8%. The financial services company has acquired Duchy Independent Financial Advisers, an IFA business based in the south-west of England.

FALLERS

Resource Holding Management (LON:RHM), down 10.9%. The company offloaded 50mln shares in Malaysian firm PUC Founder (MSC) at a price of RM 0.14 per share, raising around £1.29mln.

Ashmore Global Opportunity (LON:AGOL), down 7.7%. British Empire Securities and General Trust has reduced the number of shares it owns directly from 3.33mln to 1.38mln.

KEFI Minerals (LON:KEFI), down 7.5%. The company released a new resource statement that identifies some 733,045 ounces of contained gold at the Jibal Qutman project in Saudi Arabia.

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

RISERS

SuperGroup (LON:SGP), up 7.3%. The year-end trading update went down well, with like-for-like sales (LFL) in the 15 weeks to 25 April up 11.6% year-on-year, though the fashion firm's comparatives were admittedly on the soft side; in the same period a year earlier LFL sales were down 3.0%.

Sage Group (LON:SGE), up 5.7%. The business software firm cheered the market with half-year figures that showed 6.2% organic revenue growth, and a 7.7% increase in organic recurring revenue.

Wetherspoon (JD) (LON:JDW), up 3.9%. For the 13 weeks to 26 April 2015, like-for-like sales increased by 1.7%, and total sales increased by 5.8%. In the fiscal year to date LFL sales increased by 3.6% and total sales increased by 7.9%, so the LFL sales have slowed recently, but margins have improved.

FALLERS

Sainsbury (J) (LON:SBRY), down 3.5%. Not all retailers have been flavour of the day today; the supermarket chain Sainsbury's announced its first loss in a decade, though the losses were largely as a result of recognising its property assets are not worth as much as they used to be.

Greene King (LON:GNK), down 2.4%. The pubs group's shares had a little pick-me-up yesterday in the form of a trading update, but have a bit of hangover this morning.

Aberdeen Asset Management (LON:ADN), down 2.4%. After yesterday's trading statement JP Morgan Cazenove has trimmed its price target for the fund management group from 470p to 460p, and RBC Capital Markets has cut its target from 455p to 440p.

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Below are some of the main news-driven share price changes shortly after 9.00am.

Risers 

Xtract Resources (LON:XTR), up 20%. Good surface mining results with higher gold grades have led to new forecasts for a substantial boost to revenues.

SuperGroup (LON:SGP), up 4.8%. The designer cagoule maker and fashion brand reported higher sales for its fourth quarter and reiterated full-year guidance. With group revenue climbing to £134mln in the 15 weeks to 25 April (18% better than last year), analyst have called it a “strong finish”.

Tavistock Investments (LON:TAVI), up 8.7%. The AIM quoted financial services group has acquire West Country based Duchy Independent Financial Advisers. It is paying £350,000 for the profitable business which includes offices in Truro and St Ives.

Kalimantan Gold (LON:KLG), up 8%. Driven higher in the market as the gold junior revealed details of a director share purchase. The spouse of director Raynard von Hahn bought 123,000 shares on market yesterday at a price of $0.025.

Fallers 

Inmarsat (LON:ISAT), down 2.2%. The broadband satellite operator’s first quarter missed earnings expectations and there was also a delay to the launch of the group’s third satellite, which is now anticipated ‘mid-to-late third quarter’.

CAP-XX (LON:CPX), down 11.8%. After rising yesterday with the news of a possible demand driven share placing, shares in the specialist electronics firm pulled back on Wednesday.

Frontera Resources Corp (LON:FRR), down 14.5%. Re-issued yesterday’s one-year anniversary statement for its gas operations in Georgia. It said the content of the announcement remains unchanged.

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