Below are the main news-driven share price movements at 4pm.
RISERS
Atlantic Coal (LON:ATC) up 7.8%. the firm reported record production and sales in the year so far from its Pennsylvania mine, where it has now begun mining a 30ft seam of almost solid high grade anthracite.
Aggreko (LON:AGK) up 5.8%. The Emergency power provider cheered the market by reiterating its full-year guidance, despite a third quarter in which revenue was down 6% year-on-year.
Serco (LON:SRP) up 5.6%. The company has reached agreement with the Australian Government to amend the terms of its contract to provide in-service support to the fleet of Armidale Class Patrol Boats (ACPB).
FALLERS
Mobile Streams (LON:MOS) down 22%. Tough trading conditions in Argentina mean the company’s interim revenues will be half those of a year ago.
Lonmin (LON:LMI) down 7.7%. The share price has u-turned since this morning, as investors and analysts have digested the news that it confirmed a US$407mln rights issue to shore up its finances and ensure its survival.
Motive Television (LON:MTV) down 7.4%. The app-maker will begin taking pre-orders on Thursday for an app allowing people to watch TabletTV programming on their televisions.
Below are the main news-driven share price movements at 1pm.
RISERS
Tethys Petroleum (LON:TPL) up 50%. The company has agreed a financing facility with Kazakh investment group Olisol. Tethys will receive a US$15mln loan and Olisol has agreed to underwrite up to C$34mln of equity finance at 17 Canadian cents per share, around 8p, a large premium to the current share price.
Afh Financial (LON:AFHP) up 17.8%. The company said full year results should be ahead of expectations after a strong second half of the year.
Tullow Oil (LON:TLW) up 16.7%. The company was boosted after Africa Oil (TSE:AOI) unveiled a tie-up with Maersk for projects in Kenya and Ethiopia. Tullow, which holds an equal position in Africa Oil’s Kenya blocks and has expressed a desire to farm-out its own interest in due course, surged on the news.
Lonmin (LON:LMI) up 10.7%. The struggling platinum miner confirmed a US$407mln rights issue to shore up its finances and ensure its survival.
FALLERS
Falanx (LON:FLX) down 20.3%. The data and intelligence group expects continued momentum in the second half, as continued investment in capability meant the firm posted an operating loss of £1.3mln compared to a loss of £709,000 in the compararble period, on revenue of around £792,000.
Redcentric (LON:RCN) down 6.2%. Solid first half results, including a 15% rise in revenue to £54mln and a hike in its dividend by 50% to 1.5p were shrugged off by the market. At current prices, Redcentric trades at around 19.5x 2016 consensus earnings, and one broker noted this was a little high.
Below are the main news-driven share price movements at 9.30am.
RISERS
Powerhouse Energy (LON:PHE) up 22.5%. The company has entered into talks with third parties for the potential acquisition of its commercially-operating G3-UHt system, after only minor issues were found during its review of the system.
Patagonia Gold (LON:PGD) up 15.4%. Has broadened its exploration universe through an earn-in deal on two plots that takes it into Uruguay.
Zoo Digital (LON:ZOO) up 12.7%. The cloud-based media company said it has narrowed losses in the first half to US$6,000 from US$638,000.
FALLERS
Red24 (LON:REDT) down 17.6%. The crisis assistance company saw pre-tax profit and revenue fall in its interims, partly due to the loss of a key customer and lower demand for its response business.
JQW (LON:JQW) down 14.9%. The company issued a profit warning as its operations in China remain suspended.
Goals Soccer (LON:GOAL) down 10.4%. The 5-a-side soccer centre owner said trading has improved since September, but not by enough to recover from the tough summer trading period.