Fast Forward Innovations higher on marijuana buy
Main share price rises and falls at 3.15pm: FastForward, Rose Petroleum, Aggreko
Company
LON:ROSE
Rosebank Industries PLC is an investment vehicle set up by former senior managers of Melrose Industries with the intention of recreating its ‘buy, improve, sell’ business model. Rosebank's founders include two of the three original Melrose founders and four other leading members of its senior management team.
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Main share price rises and falls at 3.15pm: FastForward, Rose Petroleum, Aggreko
Magellan has 90-days to decide whether it will go ahead with the purchase and has put down a US$50,000 non-refundable deposit.
Chief executive Matthew Idiens said "with the change in political regime in the US, we feel the incoming administration will be very supportive of our industry."
Medical imaging specialist Feedback saw sharply reduced losses and better-than-expected cash generation in the year to the end of May.
“We are confident of a positive outcome on the negotiations in Mexico and will keep the market informed of our progress," said chief executive Matthew Idiens.
Highland shares got a boost after the company successfully proved the effectiveness of its DT Ultravert 'anti-bashing' technology
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Rose Petroleum offers upside in oil, gold and gypsum
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Rose ended the period of "sustained progress" with US$1.7mln of cash and equivalents and a rationalised portfolio of assets.
Investments and investor services
Main share price risers and fallers in London at 3.30pm
Gfinity partners up with Gillette, Symphony helps an airline become a world-first, while Epistem raises £6.5mln.
“We have fundamentally restructured our existing asset portfolio, and this, combined with the potential opportunity in Cuba gives a solid base," says CEO Matthew Idiens.
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While the FTSE 100 finished at 6,186, down 56 points, shares on London's junior market fared somewhat better.
Sabien Technology to return to profitability by 2018, Rose Petroleum mulls a move into processing and Forbidden Technologies goes into tennis.
Contrary to what the spreadbetters foresaw, Footsie was well down at lunch but small caps were rising higher.
The company said it has been review alternative opportunities for some time.
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