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The Markets
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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.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

FTSE100 lower at lunch on Brexit fears

UK blue chips and small caps were trailing lower on Friday lunchtime, due to Brexit worries

FTSE100 was lower at lunch, as were small caps, as traders continue to fret over Brexit potential next month and there was disappointing data from the Eurozone.

Figures showed the Eurozone economy grew less than expected in the first quarter. It came on top of news that the IMF (International Monetary Fund) also warned on the consequences of a UK exit vote on June 23.

FTSE100 was down over 35 points at the time of writing, at 6,069, while the FTSE AIM 100 lost 0.08% to 3,384.

The FTSE AIM All share is down 0.05% to stand at 724.730.

ITV PLC (LON:ITV) was a notable blue chip faller as several brokers downgraded the stock after its half year results were issued yesterday, and as the Vote Leave campaign on the EU referendum have threatened to take legal action on the firm.

It comes after the broadcaster said its TV debate would see PM David Cameron pitted against Nigel Farage on June 7.

A big small cap loser was gold miner Aureus Mining Inc (LON:AUE), which fell almost 15% to 3.63p as it continues to be dragged down by the problems that caused processing at the New Liberty mine to be suspended last week.

The group continues to discuss with its lenders the possibility of rescheduling its debt repayments and that it is monitoring its working capital position closely.

Circle Oil PLC (LON:COP) was top London loser, shedding 16.67% to 1.88p as it revealed the International Finance Corporation (IFC) had agreed to extend the suspension of the December 2015 redetermination and any repayments due under its Reserve Based Lending (RBL) facility until May 27 this year.

On the upside, Strategic Minerals (LON:SML) continued its impressive gains, after a recent bout of profit-taking, to add over 21% to 0.45p each.

Serabi Gold PLC (LON:SRB) issued quarterly results and were received well.

Shares lifted 11.43% to 4.88p as the Brazil-focused miner reported a profit before tax of US$1.5mln for the first three months of 2016, up from US$191,398 the year before.

Arian Silver Corp (LON:AGQ) climbed over 8% as it said it was making progress on detailed metallurgical test work at the Noche Buena, the tailings project over which it is running the rule.

Strat Aero PLC (LON:AERO), the unmanned drone specialist, flew almost 9% lower to 1.03p although no news was out.

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