Below are the main news-driven share price movements at 4pm.
RISERS
Sovereign Mines of Africa (LON:SMA) up 61%. The company reiterated that it is still in discussions with a third party to agree a partnership deal for its Mandiana project.
Speedy Hire (LON:SDY) up 6.9%. Investors were relieved that the tool and equipment rental company didn’t issue a profit warning, after a couple of warnings hit shares earlier this year. Speedy swung to a pre-tax loss of £13.5mln in its interims, from a £9.5mln profit.
Experian (LON:EXPN) up 6.7%. The company has extended its US$600mln share repurchase programme announced in January this year by US$200mlbn, linked to the proceeds from recent divestments.
FALLERS
Lonmin (LON:LMI) down 26.4%. Investors keep selling after the company confirmed yesterday a US$407mln rights issue to shore up its finances and ensure its survival. The issue will be at a nominal 1p per share, sending the share price tumbling.
Kuala Innovations (LON:KUL)down 10.2%. The company placed 8.1mln shares at 8p per share raising £655,000 before expenses.
Drax Group (LON:DRX) down 7.2%. The company was downgraded to ‘Sell’ by Deutsche Bank as the ‘power crunch worsens’. Capacity concerns have been in spotlight this week, according to Deutsche, and the pressure on Dax’s earnings is likely to rise.
Below are the main news-driven share price movements at 12.30pm.
RISERS
CentralNic (LON:CNIC) up 10.2%. The company behind the .xyz domain name has become the first web domain wholesaler to sell 2mln new top-level domain (TLD) names.
AdEPT Telecom (LON:ADT) up 9%. The Business telecoms suppliers posted another half year of healthy sales and profit growth as May acquisition Centrix chipped in the first time.
Vodafone (LON:VOD) up 4.5%. A recovery in Europe helped the telecom giant to ring up a better-than-expected rise in second quarter revenue and predict forecast-topping earnings.
FALLERS
Tyman (LON:TYMN) down 6.5%. Revenue will be flat this year while underlying operating profit for the full year will be ahead of 2014 but below the range of current market expectations.
Hornby (LON:HRN) down 5.9%.The Model railway maker Hornby warned full-year profit and revenue will fall short of expectations as it ramps up its turnaround effort in Europe.
BTG (LON:BTG) down 4.8%. The specialist healthcare company saw revenues and sales rise in the first half but confirmed full-year revenue will be toward the bottom end of the group’s guidance range.
Below are the main news-driven share price movements at 9.45am.
Risers
Pressure Technologies (LON:PRES) up 23% to 180p. Underlying profits this year will be slightly ahead of expectations in spite of woes general in oil and gas sector.
Premier Foods (LON:PFD) up 17% to 41.8p. Mr Kipling and Bisto gravy maker unveils first quarterly sales rise in two years, as its turnaround strategy takes hold.
MySquar (LON:MYSQ) up 16% to 8p. Myanmar-focused social media group gets lift from sweeping victory for pro-democracy groups in first general election since 1990.
Fallers
Lonmin (LON:LMI) down 23% to 10.2p. Under pressure again following yesterday’s hugely dilutive US$407mln rescue right issue from the platinum miner.
Powerhouse (LON:PHE) down 18% to 1.15p. Profit taking after announcement yesterday of possible G3-UHt power system order in central Europe.
Wolseley (LON:WOS) down 5% to 3,617p. Took a hit from weak construction markets in the UK and pledged to cut costs. First quarter like-for-like revenue declined 1.1% in Britain.