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Risers & Fallers: ASOS, Minoan, Tesco, Condor gold, Whitbread and Nighthawk Energy

Last updated: 16:00 20 Oct 2015 BST, First published: 09:31 20 Oct 2015 BST

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Below are the main news-driven share price movements at 4pm.

RISERS

Minoan (LON:MIN) up 16.6%. Following the latest round of Greek elections, the country is more stable than it has been, the company said. It also noted that its project in Crete was unanimously approved by the Plenum of the Greek Council of State and all that remains for its final approval is for it to be endorsed by the Government.

ASOS (LON:ASC) up 9.2%. The online fashion firm said its international sales growth picked up in the financial year just ended as price cuts began to take effect. Full year earnings were slightly ahead of expectations, even though sales were not.

Condor Gold (LON:CNR) up 4.6%. An optimisation study of its La India project in Nicaragua has substantially boosted the amount of gold expected to be mined in the early stages.

Whitbread (LON:WTB) up 2.7%. The Costa Coffee and Premier Inn owner said its first-half profits rose and it vowed to create 15,000 jobs within five years.

 

FALLERS

Nighthawk Energy (LON:HAWK) down 8%. In response to the low oil price, founder Mike Thomsen and CFO Richard Swindells have both agreed to leave the company, which is also consolidating its offices.

Tesco (LON:TSCO) down 2.1%. The company lost 0.8% of its market share in the 12 weeks to October 11 compared to the year before as it saw sales fall 1.7% over the period.

 

Below are the main news-driven share price movements at 1pm.

RISERS

Toumaz (LON:TMZ) up 9.8%. The company has signed a new there-year £5mln term loan with Clydesdale Bank Growth Finance. Chief executive Anthony Sethill also reiterated the company’s belief it will be cash generative by the middle of next year.

Curtis Banks Group (LON:CBP) up 7.7%. The company has signed a contract to take on the administration of a “significant book” of self-invested personal pension schemes ("SIPPs") from another third party administrator. It is a 10-year deal with fees for the first two years around £1.25mln per year.

Intercontinental Hotels Group (LON:IHG) up 5.6%. The Holiday Inn-owner reported that sales in Europe were booming, with  third-quarter revenue per available room rising some 10% across continental Europe, and 7.8% in the UK.

BP Marsh & Partners (LON:BPM) up 5.1%. Its net asset value (NAV) per share for the first half jumped to 225p from 205p in the same period last year as it increased its portfolio.

 

FALLERS

Aureus Mining (LON:AUE) down 11.7%. The firm has halted gold production at its New Liberty mine in Liberia after a secondary crusher failed. A mobile crusher is expected to be on site this week and operations will resume as soon possible.

Phorm (LON:PHRM) down 5.2%. The advertising specialist said US charity donation innovator Causemo is using its machine learning artificial intelligence technology to deliver personal messages to increase its donations.

 

Below are the main news-driven share price movements at 9.30am.

RISERS

SolGold (LON:SOLG) up 20.4%. The company revealed the highest grade assay results to date at the Cascabel copper-gold project in Ecuador. Drilling at CSD-15-012, Hole 12, showed intersects of up to 1.75% copper.

Jubilant Energy (LON:JUB) up 18.9%. An extraordinary general meeting is being called next month to propose to cancel the company’s admission to AIM. If this happens, Jubilant Energy (Holding) has said it will offer to buy all shares it does not own in Jubilant Energy for 0.6p per share.

Shanta Gold (LON:SHG) up 17%.The firm produced a record amount of gold from its New Luika mine in Tanzania in its latest quarter with costs also sharply lower.

Enegi (LON:ENEG) up 11.3%. Energy industry veteran Dr Nigel Burton has been appointed as chief executive officer, leaving Alan Minty to concentrate on his executive chairman duties.

 

FALLERS

Rurelec (LON:RUR) down 35%. Sterling Trust, which holds 303mln shares, equating to around 53% of the company, was placed in administration yesterday.

1Spatial (LON:SPA) down 8.6%. Revenue was down 16.8% to £8.4mln in the first half as losses before tax widened to £1.5mln from £800,000. 

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