Below are some of the main news driven share price changes at 1.30pm
Risers
Eurasia Mining (LON:EUA), up as much as 60%. Shares soared before being suspended pending details of the mining licence awarded for the West Kytlim project in Russia. A low-key stock market statement confirmed approval had been given and said more information will follow.
Barclays (LON:BARC), up 3.7%. “Good riddance” is apparently the market’s reaction to the departure of chief executive Antony Jenkins who will be replaced by someone that has a “new set of skills” to take the banking business forward.
Premier Oil (LON:PMO), up 3%. The exploration and production group was upgraded by Deutsche Bank, which repeated a ‘buy’ recommendation was repeated with a newly increased target of 215p (60% higher than the current price of 135p). Better oil prices today have also lifted sentiment more broadly.
Fallers
Azonto Petroleum (LON:AZO), down 46%. The African oil junior was AIM’s biggest loser on Wednesday after last night revealing it was planning to dispose of its main asset and de-list.
Fidelity China Special Situations (LON:FCSS), down 7.8%. New Chinese rules that have led to the suspension of most stocks and caused chaos in Asian stock markets is probably not the kind of ‘special situation’ this FTSE 350 investment trust had in mind.
Barrat Development (LON:BDEV), Taylor Wimpey (LON:TW.) and Persimmon (LON:PSN), down between 3.6% and 2.5%. George Osborne’s budget has dented the homebuilding sector which will be impacted by changes to tax breaks on buy-to-let properties.
Below are some of the main news driven share price changes at 9.00am.
RISERS
Independent Oil & Gas (LON:IOG), up 15.0%. Funding discussions that could see an unnamed multi-national company take a 29.9% stake in the firm for £7.1mln are still in progress. A third party that subscribed for 609,500 shares at a price of 23.79p on 22 June 2015 is expected to stump up the money by 17 July 2015, which would leave IOG fully funded until 4 September 2015.
Fevertree Drinks (LON:FEVR), up 9.4%. The fizzy mixers maker had a strong first half to the year with June a particularly good month. The group said results for the full-year are expected to be materially ahead of previous expectations.
Empyrean Energy (LON:EME), up 8.5%. Ongoing drilling operations at its 3% owned Sugarloaf project have delivered a major increase in reserves for the AIM quoted oil firm.
FALLERS
Kennedy Ventures (LON:KENV), down 19.0%. The shares fall to 5.875p after the company raised £1.4mln through a placing of shares at 5.25p each.
Monitise (LON:MONI), down 17.2%. Visa Europe, a major backer of mobile payments specialist Monitise, is to reduce its 5.3% stake in the company.
Red Rock Resources (LON:RRR), down 15.4%. The mineral exploration company's shares slide to 0.055p after it said it is issuing 689mln shares at 0.0475p each to fund the company's investment in West Africa-focused oil & gas explorer Elephant Oil.