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Market movers: Vodafone, TalkTalk, LandSecs, Fresnillo, Amur, Central Rand Gold...

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Telcos created a buzz around London’s main share indices on Tuesday.

Vodafone (LON:VOD) topped the FTSE100 while TalkTalk (LON:TALK) languished at the wrong end of the mid-caps.

Higher full-year earnings forecasts helped Vodafone shares advance 5% to 220p.

Vittorio Colao, chief executive, said it will launch a new TV service in the UK alongside a broadband package while demand it Europe had stabilised.

In contrast, FTSE250-listed TalkTalk shares dropped by 2.5% to 289p, despite the firm posting a pre-tax profit in its latest half year. 

Aided by Vodadone, Britain's top share index climbed to a six-week high, up by 10 points to 6,621. 

Commercial property firm Land Securities (LON:LAND) was the second biggest Footsie riser, 3% higher at 1142p, after reporting a 7.5% growth in the value of its portfolio in the six months to September.

Miners shed some of yesterday’s gains.  Silver specialist Fresnillo (LON:FRES) was 19p lower 715p, Randgold Resources (LON:RRS), down 88p to 3,998p and AngloAmerican (LON:AAL), down 29p at 1,331p all weighed on the benchmark gauge.

Among the small caps, Amur Minerals (LON:AMC) shares advanced 21% as it passed another milestone in its application  for an exploration and production licence at Kun-Manie in Far East Russia.

All the required independent and external reviews required by Rosnedra, the Russian state licensing agency, for the nickel project are now complete, said Amur.

Central Rand Gold (LON:CRND) saw its shares sky-rocket, up by 23p (close to 300%) to reach 31p after it said it has entered into a memorandum of understanding with Hiria Group Co Ltd to its Dutch subsidiary.

Momentum is building for clinical research group Venn Life Sciences (LON:VENN), which has landed a €1.4mln contract to conduct a Europe-wide Phase II study for an unnamed US-based company.

Including the latest deal, Venn has won €8mln worth of new business in the last six months. Shares rose by 8% to trade at 20p. 

International marketing and communications group Porta Communications (LON:PTCM) also advanced, up 6%, on the acquisition of  reputation management and community engagement specialist PPS Group for £6.2mln.

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