LONDON (Alliance News) - The following stocks are amongst the biggest risers and fallers within the main London indices midday Wednesday.
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FTSE 100 WINNERS
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ARM Holdings, up 1.1%. UBS raised the chip designer's price target to 1,200 pence from 1,070p, keeping its rating at Buy. ARM's current price is 1,083p.
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FTSE 100 LOSERS
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Coca-Cola HBC, down 4%. The world's second largest bottler of Coca-Cola products cited a "challenging", volatile year ahead, having reported Wednesday a drop in 2014 profit due to adverse currency movements and volume weakness in key emerging markets Russia and Ukraine.
Intu Properties, down 1.1%. Barclays has cut the property company's recommendation to Underweight from Equal-Weight, cutting its price target to 313p from 326p. The stock's current price is 371.6p.
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FTSE 250 WINNERS
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Galliford Try, up 3%. The construction and housebuilding company reported a rise in pretax profit in the first half on the back of strong revenue growth across its construction and housebuilding operations and hiked its dividend to 22 pence per share from 15 pence per share last year.
Balfour Beatty, up 2.5%. The construction and support services company said it has reached financial close and completed the acquisition of the GBP352 million Gwynt y Môr offshore transmission project. Balfour Beatty said it will jointly own the project with infrastructure investor Equitix. Balfour will invest GBP28 million of equity in the project, representing 60% of the equity required.
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AIM ALL-SHARE WINNERS
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Zoo Digital Group, up 14%. The company, which provides cloud-based media production and software services, said it expects to post revenue for its financial year to end March ahead of the previous year and announced it has won a contract with BBC Worldwide.
Tangiers Petroleum, up 12%. The oil company said it has raised AUD7 million via a share placing in Australia after issuing 691.3 million shares to complete the acquisition of the Project Icewine oil prospect in Alaska.
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AIM ALL-SHARE LOSERS
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Alecto Minerals, off 41%. The company said it has received a notice from Centamin, the FTSE 250-listed gold miner, to terminate the pair's joint venture in Ethiopia the two entered into in 2013 for the development of Alecto licences in Ethiopia.
Clear Leisure, down 25%. The company said it has received notice that Westhouse Securities has filed a winding up petition with the Companies Court in London. Westhouse is seeking around GBP100,000 pursuant to unpaid debts owed by Clear Leisure for contractual services it provided, Clear Leisure said.
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By Daniel Ruiz; danielruiz@alliancenews.com
Copyright 2015 Alliance News Limited. All Rights Reserved.
6 Mar 2015 06:14
