LONDON (Thomson Financial) - Rheochem edged up 3/4 of a penny to 13 pence
as traders in the oil and gas business warmed to Thursday's news that Ithaca Energy has entered into an agreement with Bluewater Energy Services to develop the Athena Field, where Rheochem has a net 5 percent interest.
Also on the upside, Electronic Data Processing advanced 3 pence to 53-1/2 pence as the provider of IT solutions to builders and timber merchants disclosed higher first-half pretax profit and revenue and expressed confidence about the rest of the year.
Still in a firm vein, Lombard Medical hardened 1/2 of a penny to 12-1/2 pence as a clutch of directors snapped up a total of 256,370 ordinary shares all at 14 pence apiece.
A director's share buying in the wake of Thursday's full-year results also lifted Conister Financial 2-1/2 pence to 67-1/2, while Coffeeheaven celebrated the successful placing of 11.5 million new shares at a price 30-1/2 pence with a gain of 1-1/2 pence to 34-1/4 pence.
Tribal Group made headway, adding 5-1/4 pence to 138 as the provider of consultancy, support and delivery services said it continues to expect first-half pretax profits and earnings per share to be significantly ahead of the corresponding period.
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