IMT.L Share News (IMT)

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.
----------
FTSE 100 - WINNERS
----------
Imperial Tobacco Group, up 1.2% at 3,556.00p. Barclays raised its price target on the tobacco giant to 3,600 pence from 3,500p and kept an Equal Weight stance on the stock.

Shire, up 1.4% to 4,236.00 pence. Exane BNP Paribas upgraded the Irish pharmaceuticals group to Outperform from Neutral, with an unchanged target price of 5,700p. A week ago, Shire struck a USD32.0 billion cash-and-shares deal to acquire US-based Baxalta in a push to create a leading player in the rare diseases segment of the drug market.
----------
FTSE 100 - LOSERS
----------
Fresnillo, down 1.6% to 679.00 pence. JPMorgan Cazenove cut its price target on the Mexico-based silver producer to 1,090p from 1,210p, but kept an Overweight rating on the shares.
----------
FTSE 250 - WINNERS
----------
Amec Foster Wheeler, up 3.5%. The engineering services group said Chief Executive Samir Brikho has stepped down and been replaced by its finance chief. Ian McHoul will become interim chief executive with immediate effect and hold the position until a permanent replacement for Brikho is appointed. Amec said it will consider internal and external candidates for the role, but said McHoul has decided not to apply. Amec briefly added that its trading results for 2015 were in line with its expectations.
----------
FTSE 250 - LOSERS
----------
Cobham, down 2.7%. The defence and aerospace group's chief financial officer is leaving the company to join FTSE 100-listed building materials company Wolseley. He will take up the same role at Wolseley where he will replace John Martin, who is moving to be Wolseley's chief executive, a job he will take up when incumbent Ian Meakins steps down in August.
----------
MAIN MARKET AND AIM - WINNERS
----------
Empyrean Energy, up 47%. The oil and gas company struck a deal to sell all of its interest in the Sugarloaf AMI project in the US for up to USD71.5 million, potentially leading to some of the proceeds being returned to shareholders. The company has entered into a conditional purchase and sale agreement with Carrier Energy Partners II, which will pay an initial USD61.5 million under the deal, paying the other USD10.0 million based on WTI prices in the future.

Ceres Power Holdings, up 8.5%. The fuel-cell stack developer said it has signed a joint development agreement with Japanese auto giant Honda Motor to develop solid oxide fuel cell stacks. The stacks will use Ceres' metal-supported steel-cell technology, and the agreement includes a third party, not named, which will consider the future mass production scale up of the steel-cell technology.
----------
MAIN MARKET AND AIM - LOSERS
----------
Petroceltic International, down 33%. The oil and gas company said it has secured an extension to its waiver of payments on its senior bank facility to January 29. Petroceltic added its lenders have indicated they are willing to consider other waivers in the future.

Altona Energy, down 26%. The coal miner said it has not received funds owed to the company on time, stating it expects to secure the overdue funds over the next few weeks. Altona expects to receive the overdue funds during January and February, citing restrictions in foreign countries as the cause of the delays. Back in December, Altona said it was expecting Sino-Aus Energy, one of its partners on the Arckaringa coal project, to pay its initial AUD4.5 million contribution to the joint venture by last Friday, with Wintask also expected to have made its initial AUD600,000 contribution. However, neither of those payments have been made on time.
----------
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.