IG Design Group PLC (LON:IGR) was in demand as it forecast record revenues in the year to March, while profitability would also be above market forecasts.
The giftware, stationery and wrapping paper group said sales will be more than £300mln, while cash is being generated faster than expected.
All regions continue to trade profitably and profit after tax and earnings per share for the full year will be significantly ahead of market expectations.
Shares climbed 13% to 298p.
Lansdowne Oil & Gas PLC (LON:LOGP) rallied as administrators to SeaEnergy PLC sold its 5.92% stake in the oil and gas explorer.
Coral Products PLC (LON:CRU) rose 6% to 14p as it acquired the assets of ICM Ltd from its administrators for a total £600,000.
The assets consist of various injection moulding machines some with robot handling, chillers, mixers and carnage and will be used at the plastic product’s group Haydock facility.
The Haydock facility has also been approved by two major multinational tier one automotive system suppliers to supply a number of components.
“Whilst volumes are not yet formalised we confidently expect this to lead to substantial new business throughout our next financial year.
“In addition, our recently announced bakery tray business is expected to increase substantially in the same period. Indeed we have now commissioned a second 750 tonne machine to cope with the demand.”
9.30am...Minoan Group cheered by planning permission reports
Minoan Group plc (LON:MIN) rocketed higher as local papers reported that the appeals against planning permission for its leisure project on Crete had been rejected.
A Presidential Decree has granted land use but this ran into local opposition. The Greek Supreme Court has now thrown out these appeals say the local press.
Minoan, which plans to build a very high spec multi-hotel complex on the island, noted that it had not yet seen an announcement from the Greek Supreme Court but was jubilant nonetheless.
Christopher Egleton, Minoan’s chairman, added: "The issuance of the PD in March last year was described as a ‘transformational event’.
“The appeals against it were clearly disappointing and frustrating and, as such, presuming the reports in the Greek press are correct, this will be transformational news for the company.
“Again, presuming the reports are correct, it signals the successful culmination of many years of effort by the Company and its advisors."
Shares rose 36% to 9p.
Tethys Petroleum (LON:TPL TSX:TPL) slumped 49% to 0.915p as it announced plans to shed its London listing and just be quoted in Canada.
The Kazakh-focused oiler has been wracked by boardroom upheaval and disputes, the latest involving its main shareholder Olisol, and said it was too expensive to maintain listings in two places.
Cyber security specialist Digital Barriers PLC (LON:DGB) dropped 18% to 25.5p on a warning of a potential £10mln shortfall in full-year revenues due to contract delays.
The AIM-listed group said while it “currently expects to secure all of these awards, it has now become clear that some or all of them may now be secured in the next financial year.”
Proactive news headlines
Nanobiotix SA (EPA:NANO) has confirmed the Independent Data Monitoring Committee (IDMC) of its phase II/III clinical trial has given the company the green light to continue. It has done so after analysing the safety and efficacy data from two-thirds of the patients.
Ariana Resources plc (LON:AAU) managing director Kerim Sener described as a “momentous achievement” the first production from the Kiziltepe Mine in Turkey.The 5.25kg gold-silver doré pour represents the culmination of years of hard exploration work followed by permitting and building the operation.
Fast-growing top level internet domain names specialist CentralNic Group PLC (LON:CNIC) has confirmed it is in talks with a Slovakian registry service provider.
Hydrogen fuel cell developer AFC Energy plc (LON:AFC) is poised to move into the commercialisation phase in 2017 as it unveiled 2016 losses that were not as severe as the market had been expecting.
IGas Energy PLC (LON:IGAS) said that the debt-for-equity element of its proposed financial restructuring saw secured bonds to the face value of US$28,918,390 tendered by the voluntary equity exchange offer’s close today, which the firm will buy-back.