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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Investments and investor services

Risers & Fallers: African Potash, DS Smith, Dialight, InternetQ and Telford Homes

Below are the main news-driven share price movements at 4.15pm.

Below are the main news-driven share price movements at 4.15pm.

RISERS

African Potash (LON:AFPO) up 17.2%. Shares surged as its fertiliser trading ambitions were further boosted after it struck a deal with Ecobank Malawi. The deal means in effect, payments from offtakers to the company will be guaranteed.

DS Smith (LON:SMDS) up 1.8%. Trading has been in line with expectations in the first half after the acquisitions of Duropack, Lantero and a Greek packaging business have performed ahead of expectations.

FALLERS

Dialight (LON:DIA) down 14.7%. In the third quarter, troubles facing the company continued, as low oil prices translated into fewer orders. Revenue growth was just 5% in the quarter, compared to 24% in the first half.

InternetQ (LON:INTQ) down 14%. The company said it did not know of any reason for its share price drop, adding that trading remains in line with guidance.

Telford Homes (LON:TEF) down 8%. The company has arranged a share placing of 13.8mln shares at 360p per share to raise around £50mln before expenses.

Below are the main news-driven share price movements at 12.45pm.

RISERS

Shoe Zone (LON:SHOE) up 5.8%. The company expects sales to be slightly below last year as it continues to cull its loss-making stores, but pre-tax profit is in line with market expectations.

Shire (LON:SHP) up 5.25%.Trial results for lifitegrast, its treatment for dry eye disease, showed it met its primary and secondary targets, with Shire looking to resubmit an application to the US Food and Drug Administration early next year.

FALLERS

Providence Resources (LON:PVR) down 12.5%. The company is launching a farm-out of a 32% stake in the Cairn Energy operated Spanish Point project, offshore Ireland.

Altona Energy (LON:ANR) down 11.4%.Talks between the company and its joint venture partners for the Arckaringa Coal Chemical project have been protracted due to a number of factors.

Union Jack Oil (LON:UJO) down 7.8%. It has raised £800,000 to support the company as it seeks to take advantage of opportunities in the onshore UK oil and gas industry.

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

RISERS

Strat Aero (LON:AERO) up 10.5%. Geocurve Holdings its UAV inspection and surveying division, and Barhale, a civil engineering firm, are close to inking a £1.3mln contract for Geocurve’s services over five years.

TalkTalk (LON:TALK) up 7.5%. The company rebounded today on reports the police have arrested a 15 year old in Northern Ireland in connection with the cyber-attack last week.

Baron Oil (LON:BOIL) up 5.2%. The seismic programme planned for Block XXI onshore Peru is now expected to start in or around November 10. Some equipment was delayed from Mexico but has not been damaged and will leave for Peru later this week.

FALLERS

Chemring Group (LON:CHG) down 35%. The company will launch a big rights issue after delays to a big Middle East contract put it in danger of a loan covenant breach.

Amino Technologies (LON:AMO) down 26.4%. The firm issued a profit warning due to a shortfall in revenue in its core business caused by an unsatisfactory sales effort.

Nostrum Oil & Gas (LON:NOG) down 5.1%. The firm slashed its production guidance for the year after repairs had to be made to its pipeline.

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