FIH Group Plc (LON:FIH) dipped 5.7% to 250p after the group revealed that despite the Falkland Islands, where it operates, being free of COVID-19 the pandemic has still put a dent in revenues.
Revenue in the year to the end of March slumped to £32.6mln from £44.6mln the year before, with the fall in sales relating primarily to UK operations reflecting the impact on trading from seven months of lockdowns during the period.
Underlying profit before tax, which excludes one-off items, was £202,000, compared to a profit the year before of £2.75mln.
2.35pm: Vela lower after big warrants exercise
Vela Technologies PLC (LON:VELA) drifted 3.2% lower to 0.08p after it issued 35mln new shares.
The new shares in the investment company are being issued because warrants have been exercised at 0.06p per share.
1.40pm: Totally runs into profit taking
Totally PLC (LON:TLY) dived 7.1% to 39.5p after its full-year results were not totally convincing.
The healthcare services provider saw a 7.2% increase in revenue in the year to the end of March to £113.7mln.
The group saw a 25% increase in underlying earnings (EBITDA), which clocked in at £5mln while profit before tax of £56,000 may have been on the meagre side but at least it wasn’t a loss (of £3.41mln) like the year before.
12.45pm: Water Intelligence wins US insurance gig
Water Intelligence PLC (LON:WATR) was 5.1% firmer at 920p after announcing what it called “a significant insurance national account win”.
The group’s core business subsidiary, American Leak Detection (ALD), has been formally designated as a "preferred contractor" and will have the right to handle all water leak and repair jobs across the United States from the unnamed insurance provider.
“We seek to capture more and more of the $13 billion insurance market for water-related claims. Year to date, we have achieved strong growth across all of our business lines and we look to carry the momentum into the second half of the year,” said Patrick DeSouza, the executive chairman of Modern Water.
11.50am: Caledonia Mining enjoys record quarter of production
Caledonia Mining Corporation PLC (LON:CMCL) improved 6.9% to 967p after reporting record quarterly gold production from the Blanket Mine in Zimbabwe.
The mine produced about 16,710 ounces of gold during the second quarter, up 23.8% on the 13,499 ounces produced in the same period of 2020.
Gold output for the first half of 2021 was 29,907 ounces, an increase of about 7.8% from the first half of 2020.
10.55am: Alfa Financial Software closes three deals
Alfa Financial Software Holdings PLC (LON:ALFA) has closed three deals with the 10 prospects it talked about in its March update, sending the shares 5.8% higher to 147p.
One contract is for a new Alfa implementation for a large European automotive original equipment manufacturer (OEM); another is for a new Alfa wholesale finance implementation for a large US automotive dealer services customer, and the third is for an upgrade from Alfa Systems v4 to v5 for a UK merchant bank.
The other seven prospects are still in the works, four of which relate to upgrades from version 5 (v5) from v4.
10.00am: Tirupati Graphite lifted by Asian partnership development
Tirupati Graphite PLC (LON:TGR) was 5.9% to the good at 152.5p after news of a potential partnership in the Far East.
The company has signed a memorandum of understanding with Hanwa Co. Ltd, a major Japanese global trading and investment company, to expand markets for its flake and speciality graphite products in the Far East.
The London-listed company said it and Hanwa have already identified various prospective buyers in the Far East and that initial discussions with prospective buyers have resulted in extensive interest in Tirupati’s products.
9.05am: Orosur Mining and Conroy Gold set the early pace in London
Orosur Mining Inc (LON:OMI), up 30% at 17.375p, was the top riser in London after an encouraging update on its Colombian drilling programme.
The company has received results back from the lab from nine additional holes.
There has been multiple high-grade gold (Au) intersections with associated silver and zinc- including 59.55 metres (m) @ 9.61 grams per tonne (g/t) Au and 61.75m @ 2.05g/t Au.
Sector peer Conroy Gold and Natural Resources PLC (LON:CGNR) was also on the rise, climbing 9.8% to 22.5p after it completed due diligence on its Clontibret gold deposit.
Conroy also announced the completion of a drill hole on the Cargalisgorran section of the Clay Lake gold target and the commencement of drilling on other targets in the new district-scale gold trend which the company has discovered in the Longford-Down Massif in Ireland.
The company also confirmed it continues to make positive progress towards finalising the documentation and other matters in connection with the proposed joint venture with Demir Export.