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The Markets
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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
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The Markets
by Proactive
Proactive UK has moved.
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Pharma & Biotech

UK shares lower with Anglo American biggest loser

A drizzly Friday saw UK shares sink lower with Footsie 64 points lower at 6,316 and small cap shares also lower.

A drizzly Friday saw UK shares sink lower with Footsie 64 points lower at 6,316 and small cap shares also lower.

FTSE AIM 100 was 0.26% down at 3,436 and the FTSE AIM All share lost 0.13% to 732.820.

Big laggards on FTSE100 were resource shares with Anglo American (LON:AAL) the biggest loser, down 4.32% to 715p despite an upgrade in the target price from broker Deutsche.

The big London winner was technology and gaming-focused investment company Blue Star Capital PLC (LON:BLU) – up 60% at 0.16p.

MBL Group PLC (LON:MUBL), the distributor and wholesaler of home entertainment products, added over 23% following on from yesterday's gains that was prompted by corporate lawyer Timothy Jackson-Smith and banking veteran Christopher Jones.

Another Anglo-Aussie stock, Wolf Minerals Limited (LON:WLFE, ASX:WLF) nudged 4.55% higher at 8.625p after it said it would use £16mln of its new equity standby this month after shareholders approved the facility last night in Australia.

Forty per cent shareholder Resource Capital Funds, the Devon-based tungsten miner’s major backer, has put up £25mln in total through the facility, which will be available for six months.

Things are certainly not that bad for African Potash Limited (LON:AFPO), though the fertiliser trader has suffered a setback as it revealed a lack of rain in southern Africa had led to delays in certain deals.

The company said it remained confident the fundamentals of the business remain attractive, but market makers marked the shares down over 43% to 0.825p.

Elsewhere, Patagonia Gold (LON:PGD) has raised US$10mln though a placing to start work on a new gold mine at Cap-Oeste in Argentina.

Major shareholder and chairman Carlos Miguens is putting up half of the money through a subscription at 1.5p per share, while the rest will come from an open offer at the same price that Miguens will underwrite.

Shares eased 7.69% to 1.50p.

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