Below are the main news-driven share price movements at 3.30pm.
RISERS
Quintain Estates and Developments (LON:QED) up 7%. Lone Star has upped its bid for the takeover target. Reports suggested Elliot Capital Advisors had built up a large stake in Quintain and were ready to reject the deal, but the new offer seems to have done the trick.
ARM Holdings (LON:ARM) up 5.5%. Apple, which ARM makes parts for, is to release the iPhone 6 and 6S today and is expecting recording opening weekend sales, which would have to beat 10mln.
Johnson Matthey (LON:JMAT) up 4.8%. The company has been caught in the crosshairs of the Volkswagen scandal, but the catalytic converter maker has rebounded as it makes the emission reducing part for both petrol and diesel cars.
Unilever (LON:ULVR) up 4%. The company was boosted by an upgrade from Berenberg to ‘buy’ from ‘hold’ with a target price of a whopping 3,050p (shares are currently at 2,636p).
FALLERS
Ultima Networks (LON:UTN) down 43%. The company announced plans to sell all of its assets and subsidiary businesses, raise money via a placing and convert itself into an investing company. It also has a new board and will change its name to Onzima Ventures.
Below are the main news-driven share price movements at midday.
RISERS
Jiasen International Holdings (LON:JSI) up 69.5%. Profits slipped but sales rose in the first half as the door maker said it won five new contracts worth more than RMB20mln in the first half, with one worth more than RMB100mln.
Alba Minerals (LON:ALBA) up 13.3%. Alba Minerals plans to take its stake in the Horse Hill project, known as the Gatwick gusher, to 20% from 10% with a 5% farm-in option for 5% of the Brockham oil field.
CVS Group (LON:CVSG) up 8%. Vet group CVS saw sales rise 17% last year to £167.3mln with pre-tax profits almost 35% higher at £8.5mln.
President Energy (LON:PPC) up 4.6%. The company revealed a significant increase in oil reserves at the Puesto Guardian oil field in Argentina.
FALLERS
Volga Gas (LON:VGAS) down 23.3%. The company has been hit by the drop in oil prices and the devaluation of the ruble. Russian oil market disruptions also hit, meaning the firm made a pre-tax loss of US$1.6mln from a profit of US$8mln the year before.
Origin Enterprises (LON:OGN) down 5.6%. Profit was higher but the company said the market remains tough with prices not likely to rise until the middle of next year.
Below are the main news-driven share price movements at 9am.
RISERS
Synergy Health (LON:SYR) up 44%. A court ruled against the Federal Trade Commission's (FTC) request for an injunction to block Steris’s acquisition of the company.
Densitron Technologies (LON:DSN) up 25.8%. Quixant has agreed to buy the firm for 11p a share, valuing the acquisition at £7.7mln. It’s around a 30% premium to the closing price yesterday.
African Potash (LON:AFPO) up 9.5%. The company revealed it will be paid US$500 a tonne on the 50,000 tonne delivery to a Zambian distributor.#
FALLERS
Bagir Group (LON:BAGR) down 27%. Sales slipped and losses widened in its interim results as the company warned that things aren’t likely to get much better in the second half of the year.
Servision (LON:SEV) down 21.7%. The CCTV group Servision dropped sharply after a placing raised £800,000 at a 24% discount to last night’s close.
Renewable Energy Generation (LON:WIND) down 12%. The company said the government changes to tax on renewable energy projects and the closure of its renewables obligation one year early is making securing long-term funding extremely difficult.