Below are some of the main news-driven share price changes at 4.00pm.
RISERS
Churchill Mining (LON:CHL), up 68.8%. Churchill China’s shares shot up as the Indonesia government dropped its fraud claim in their legal battle over ownership of the East Kutai coal project.
Independent Oil & Gas (LON:IOG), up 51.4%. The company has instructed Darwin Strategic to sell 1.47mln shares at a premium price in order to raise funds. The shares will be sold at a price of 23.79p; the shares closed last night at 9p.
Feedback (LON:FDBK), up 13.3%. The medical imaging software company has noted the increase in the company's share price, trading volume and speculation on bulletin boards, and said it knows of no reason for the share price rise and surge in trading volumes.
FALLERS
Herencia Resources (LON:HER), down 10.0%. The pre-revenue mine exploration company confirmed in its results that it will need to raise further finance this year to provide working capital and finance development of the Picachos copper project in Chile.
Distil (LON:DIS), down 8.1%. The owner of premium drinks brands such as Blackwoods gin and vodka said revenue in the year to the end of March collapsed to £666,000 from £2.41mln the year before.
Evraz (LON:EVR), down 6.5%. Shares representing 0.45% of the issued share capital of the company have been issued to executives under the firm’s long-term incentive plan.
Below are some of the main news-driven share price changes among FTSE 350 stocks at 12.15pm.
RISERS
Ladbrokes (LON:LAD), up 2.9%. The shares continue to climb on rumours that private equity could take out the bookmaker.
Kingfisher (LON:KGF), up 1.5%. The B&Q owner gets a boost from Bank of American Merrill Lynch, which has abandoned its ‘under perform’ rating and is now neutral on the stock.
Dairy Crest (LON:DCG), up 1.2%. Investec Securities has moved from ‘hold’ to ‘buy’ on the Cathedral Cheese group.
FALLERS
Moneysupermarket.com (LON:MONY), down 9.0%. Ofgem has opened an investigation into whether two or more companies providing a supporting service for the energy industry have breached competition law. The price comparison web site operator said the energy market watchdog is mulling whether to include Moneysupermarket in the investigation.
Zoopla (LON:ZPLA), down 8.4%. The property listing web site operator may have chosen the wrong time to get into the price comparison web site business; it completed its acquisition of uSwitch earlier this week.
Johnson Matthey (LON:JMAT), down 4.5%. Results from the speciality chemicals company disappointed. Revenue in the year to the end of March fell 10%, though underlying profit before tax climbed 3%,
Below are some of the main news-driven share price changes at 9.00am.
RISERS
88 Energy (LON:88E), up 24.1%. Location, location, location goes the mantra in retail, and it could also apply to oil exploration, given that 88 Energy has been given a boost by a neighbour’s well results. A joint venture between Repsol and Armstrong Oil & Gas, located about 50 miles from the boundary of 88 Energy’s Project Icewine, saw successes in a number of wells.
Coms (LON:COMS), up 16.7%. Helium Special Situations Fund has increased its stake in the firm from less than 11% to more than 15%. Coms recently exited the telecoms business, selling a chunk of its business to Timico for £2.5mln.
Crimson Tide (LON:TIDE), up 13.3%. The developer of mpro5 enterprise smartphone and tablet apps in the Cloud said its mpro5 solution has been chosen to provide proof of delivery information for deliveries across London by a well-known information provider.
FALLERS
Scisys (LON:SSY), down 42.4%. IT developer Scisys has issued a severe profit warning today while admitting it may breach its banking covenants. The company said a badly underestimated defence project and foreign exchange head winds were to blame for the profit warning.
Pressure Technologies (LON:PRES), down 30.2%. This is another company plunging after a profit warning, and it has put the blame firmly on the depressed state of the oil and gas market.
Metminco (LON:MNC), down 24.2%. A bit of profit taking has set in, with the shares easing to 0.4p after rising from 0.264p at the beginning of the week to 0.495p last night. The company, which has shares listed down-under, was obliged by Aussie listing rules to issue a statement yesterday saying it had no idea why its shares were rising so rapidly.