London's main share price risers and fallers at 4.00pm
RISERS
Cairn Energy (LON:CNE) up 12% to 191p. Oil group was "delighted" with flow rates from the latest appraisal well off the coast of Senegal. Two drill tests were conducted on SN-3 in the upper reservoirs - the second well in the programme.
Metal Tiger (LON:MTR) up 12% to 1.25p. Chairman Terry Grammar exercises option at a cost of £50,000. Exercise price was 33% premium to market price and takes his stake in resources specialist to 7.47%.
Kolar Gold (LON:KGLD) up 11% to 1.39p. Indian gold explorer rises for second day despite a statement that it knows of no reason for the buying interest.
FALLERS
UK Oil & Gas PLC (LON:UKOG) down 10% to 2.48p. Horse Hill operator slips despite another good looking flow test results from the ‘Gatwick Gusher’. All three flow tests have now come in above expectations.
Alba Minerals resources PLC (LON:ALBA) down 10% to 0.398p. Another member of Horse Hill consortium.
Glenwick PLC (LON:GWIK) down 8% to 0.143p. Shell after sale of German property interests. Company is investigating a small number of potential oil and gas investment targets.
London's main share price risers and fallers at 2.00pm
RISERS
Software Radio Technology PLC (LON:SRT) up 37% to 25.33p. Wins contract for a maritime domain management system for a large country in Asia. Contract is expected to generate revenues of up to €90mln over three years, depending on final specification.
Imaginatik (LON:IMTK) up 16% to 2.33p. Gross bookings for the three months ended 31 December 2015 were £1.28mln, slightly higher than what was also a strong quarter in the prior year (Q3 FY15: £1.26m). “This is another strong quarter of trading, marking a clear turning point in our revitalisation,“ company said.
Prudential PLC (LON:PRU) up 4% to 1,380p. Profits rise 22% in 2015 and FTSE100 life insurer pays out a special dividend of 10p per share.
FALLERS
Restaurant Group PLC (LON:RTN) down 20% to 435p. Lower sales in 2016 and tough trading is set to continue said the Frankie & Benny’s and Chiquito’s owner.
G4S PLC (LON:GFS) down 20% to 183.7p. The accident prone security and services group posted pre-tax profits of £78mln, down from £128mln, with revenues slightly lower at £6.86bn.
Scancell Holdings PLC (LON:SCLP) down 14% to 17.4p. Immunotherapy group raises £6.8mlm at 17p to support development of two cancer treatment platforms.
Here are some significant movers at around 9.50am....
RISERS
Proxama (LON:PROX), up 26% to 1.10p as the mobile commerce specialist joined forces with Google to provide live travel updates and advertising on London buses.
Noricum Gold (LON:NMG), up 10% to 0.11p as it has stepped up the pace to get its Kvemo Bolnisi deposit in Georgia into production this year.
Cairn Energy (LON:CNE), up 10% to 187p as it announced the successful testing of the SNE-3 appraisal well offshore Senegal.
FALLERS
Tandem Group (LON:TND), down over 25% to 132.5p as it warned on 2016 outlook for its bikes and mobility business.
Armadale Capital (LON:ACP), down 18% to 2.88p as it outlined exploration plans for the coming year in the DRC and said it had raised £210,000 through a placing of shares.
Madagascar Oil (LON:MOIL), down 12% to 0.55p as it said its delisting from AIM was expected to take place on April 8 this year, if the move is approved at a special meeting. Earlier this month the firm put in motion initial funding arrangements which would trigger the possible de-listing.