Bluejay Mining Plc (LON:JAY) told investors that it is unaware of ‘any company specific inside information’ that would explain the recent share price weakness and said that its ongoing field season is progressing well.
The AIM-quoted share was, nonetheless, down 13% this afternoon changing hands at 16.91p each.
Genel Energy PLC (LON:GENL) advanced more than 11%, to 295p, as investors welcomed a financial results statement that boasted “significant free cash flow”, more than US$10mln per month.
News of a director share purchase sent Prospex Oil and Gas Plc (LON:PXOG) shares up 13%, to 0.39p, with non-executive director James Smith yesterday picking up 3mln shares at a price of 0.36p.
11:45am: Carclo shares slump as Consort Medical walks away
Carclo PLC (LON:CAR) shares slumped, falling 24.6p or 21% to 92.9p, with the news that Consort Medical PLC (LON:CRST) has walked away from a possible takeover, and, it does not intend to make an offer.
Griffin Mining Ltd (LON:GFM) dropped back 17.2p or 12%, at 124.8p, after it reported financial results covering a period that saw falling zinc metal prices and chairman Mladen Ninkov told investors that the second half of the year “will remain challenging if commodity prices remain subdued”.
BlueRock Diamonds PLC (LON:BRD) was 12.27% lower, at 0.96p, as it released a stock market statement discussing legal claims related to former chief executive Riaan Visser.
9:20am: Harvey Nash jumps on buy-out, Domino's Pizza panned
Shares in tech recruiter Harvey Nash Group PLC (LON:HVN) shot up 16%, to 130p, as it received a bid to take it private, at 130p a share in cash or a 17% premium to the close yesterday.
Independent directors are recommending the offer, which is being made by funds controlled by shareholder DBAY Advisors. The offer values Nash at £98.7mln. DBAY already controls 26.1% of Harvey Nash shares, while directors speaking for 1.72% have also agreed to the offer.
Asset manager Standard Life Aberdeen PLC (LON:SLA) moved 3.85% higher to 318.4p, despite reporting lower first-half profits and assets under management and administration (AUMA), blaming challenging market conditions.
The investment company, which was formed out of the merger of Standard Life and Aberdeen Asset Management last August, said adjusted pre-tax profit fell to £478mln in the six months to June 30 from £521mln a year ago. The previous year’s results were prepared as if Standard Life and Aberdeen had always been merged.
Domino's Pizza Group PLC (LON:DOM) shed about 9%, to 288.7p, as it cautioned on the UK’s trading environment and like-for-like (LFL) sales in the second quarter came in lower than the first despite a boost from the World Cup.
The FTSE 250-pizza chain operator reported LFL sales growth in the UK & Ireland of 5.9% in the period, up from 2.4% growth in the first half of 2017, while its underlying profit before tax grew 2.5% to £45.7mln and UK & Ireland sales rose 8.1% to £565.1mln.
In terms of quarterly numbers, the firm reported UK LFL sales growth in the second quarter of 4.7%, lower than the 7% reported in the first quarter as the hot weather offset a boost from the World Cup period.
Elsewhere, Intertek Group PLC (LON:ITRK) shares dropped 6.5% to 5,488p, as it posted a decline in first-half revenue, reflecting foreign exchange headwinds and a weak performance in the divisions that service the trade and resources industries.
The inspection, product testing and certification company said revenue dropped to £1.35bn in the first six months of the year from £1.37bn in the year-ago period. Organic revenue declined 2.3% to £1.34bn.
Other Proactive news headlines:
IronRidge Resources Limited (LON:IRR) has announced the discovery of a high-priority lithium pegmatite target at the Apam West licence in Ghana, West Africa.
Asiamet Resources Limited (LON:ARS) has reported further “excellent” results from the current infill and extension drilling program being undertaken at the company's 80%-owned Beutong copper project in Indonesia.
Frontier IP Group PLC (LON:FIPP) has announced its first Portuguese spin out, NTPE, a company that is developing technology to print electronics on paper.
A drug that is the focus of legal action by Silence Therapeutics PLC (LON:SL.) has been granted limited approval here in the UK. Patisiran, a new-breed RNAi medicine developed by American biotech Alnylam Pharmaceuticals Inc (NASDAQ:ALNY), will join the Early Access to Medicines Scheme.
Landore Resources Ltd (LON:LND) has unveiled a new estimate of the BAM gold deposit’s mineral resource, based on fieldwork conducted between 2015 and 2017. It has estimated some 623,000 ounces of contained gold, in 18.58mln tonnes of mineralization grading 1.04 grams per tonne.
Bacanora Lithium PLC (LON:BCN) has pushed back the commissioning date of the Sonora mine in Mexico while it arranges finance for the construction of the first phase. Work has started on the ground works and long lead engineering items and these are scheduled to be completed by the end of the year.
AfriTin Mining Ltd (LON:ATM) has highlighted the initial success of it new exploration efforts, which coincide with the group’s primary focus which is to deliver a pilot plant and advance towards the definitive feasibility phase of the project.
A court hearing has been scheduled for August 10 to consider an application to place BlueRock Diamonds PLC’s (LON:BRD) operating subsidiary, Kareevlei Mining, into provisional liquidation.
Metal Tiger PLC (LON:MTR) announced that its directors will be participating for a total of £66,000 in the placing announced on 6 August 2018, taking the total gross proceeds raised to circa £3.516m. The firm said Charles Hall, its non-executive chairman, will be subscribing for £56,000 and Michael McNeilly, its chief executive officer, for £10,000.
Ceres Power Holdings PLC (LON:CWR) confirmed that its share consolidation of every 10 existing ordinary shares into 1 new ordinary share became effective today.