Major share price risers and fallers in London at 3.30pm
Risers
PipeHawk plc (LON:PIP) up 9% to 4.63p. Subsidiary QM Systems has set up new partnership with Primafruit, part of Fresca Group for a high technology handling system for installation into Primafruit's Evesham facility. The project has a value of £400,000.
Formation Group PLC (LON:FRM) up &% to 6.13p. Now Formation said it now expects to make an overall profit from its Norwich House profit share project of nearly £4mln, up from its £2.4mln estimation. Iverson Road development in Hampstead will begin to yield profits in the second half.
Fallers
Mobile Streams Plc (LON:MOS) Profit warnings as business in Argentina is still struggling while company is in vesting heavily in new markets such as India. Cash balance is £1.3mln.
Brewin Dolphin Holdings PLC (LON:BRW) down 6% to 259.9p. Interim profits lower though stockbroker upped dividend in spite of the tough market.
Major share price risers and fallers in London at 1.45pm
RISERS
Motif Bio (LON:MTFB) up 10% to 46p. Potential winner from plans to reboot investment in antibiotics proposed in O’Neill report. Company’s next-generation antibiotic, iclaprim, is currently in phase lII trials.
Revolymer PLC (LON:REVO) up 10% to 46.7p. Upbeat annual statement, new polymeric adhesion promoter for high performance sealants and adhesives is due for launch in the second quarter of 2016.
Tomco Energy PLC (LON:TOM) up 6% to 0.15p. Oil shale company is currently carrying out preliminary due diligence on a new opportunity – a palm oil milling project in West Africa.
FALLERS
Portmeirion Group PLC (LON:PMP) down 8% to 1,165p. Sales to South Korea have not recovered as expected. As a result total sales for the four months to the end of April were 2% below the corresponding period last year.
Ferrexpo PLC (LON:FXPO) down 6% to 29.8p. Iron ore pellet production higher but prices remain well below previous levels despite uptick recently.
Anglo American PLC (LON:AAL) down 6% to 567.4p. More disappointing data from China undermines miners. Miner reaffirms commitment to 85% subsidiary De Beers.
Major share price risers and fallers in London at 9.45am
RISERS
Prophotonix PLC (LON:PPIX) up 13% to 3.4p LED specialist has received production orders from three customers who had signed three year supply agreements during 2015. Business pipeline is looking encouraging adds chairman.
Kibo Mining PLC (LON:KIBO) up 13% to 4.5p. Company took another step towards a bankable feasibility study for its Mbeya coal to power project in Tanzania - after the first phase of the environmental and social impact assessment (ESIA) was completed.
Fevertree Drinks PLC (LON:FEVR) up 11% to 665p. “The board anticipates that the results for the full year ending 31 December 2016 will be materially of ahead of market expectations,” said tonic and water and mixers specialist. Investec expects full year revenue to rise to £78.7mln, a 33% increase.
FALLERS
ValiRx Plc (LON:VAL) down 21% to 10.5p. Company announces that manufacturing of VAL401 had begun ahead of a phase II clinical trial of the drug in patients with advanced lung cancer.
Thomas Cook PLC (LON:TCG) down 18% to 73p. Profit warning as terrorist attacks in Europe and Turkey have material impact on demand.
Strategic Minerals PLC (LON:SML) down 15% to 0.36p. Iron ore tailings group sees revenue under pressure from lower prices allied to some profit taking after major share price gains recently.