Last checked at LONDON (Alliance News) - The following stocks are amongst the biggest risers and fallers within the main London indices midday Monday.
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FTSE 100 WINNERS
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Randgold Resources, up 1.1% and Fresnillo, up 0.1%. The precious metals miners are the only two FTSE 100 gainers Monday, after the price of gold was pushed higher by investors flocking to the safe haven asset amid fears of a Greek exit from the eurozone. Gold had initially risen to a high of USD1,188.07 an ounce, but has since fallen back to trade at USD1,177.27.
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FTSE 250 WINNERS
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Ocado Group, up 1.0%. The Daily Telegraph reported that the online grocery company is close to securing a deal with an international retailer which will allow the company to expand outside of the UK for the first time.
Centamin, up 0.8%, and Acacia Mining, up 0.2%. The two mid-cap miners also are up on the higher price of gold.
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FTSE 250 LOSERS
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Premier Oil, down 2.8%. The BBC reported that a judge in Argentina has ordered the seizure of assets belonging to five companies drilling for oil in the Falkland Islands. Premier Oil, Rockhopper Exploration, Falkland Oil and Gas, Noble Energy and Edison International are the companies being targeted by the legal action. Rockhopper shares are down 3.1% with Falkland Oil off 0.3%.
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AIM ALL-SHARE WINNERS
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Active Energy Group, up 6.1%. The company said it has raised GBP1 million via a share placing to back the expansion of its wood chip operations. It issued 20 million shares at 5 pence per share and said it intends to use the proceeds from the placing to expand its wood-chip operations and to meet demand from the Turkish MDF manufacturing sector. Shares in the company currently trade at 5.2p.
Redde, up 5.6%. The motor support-services company said it looks set to beat market expectations for the full year after robust trading conditions continued in the fourth quarter, prompting it to declare a special dividend.
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AIM ALL-SHARE LOSERS
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Transense Technologies, off 29%. The transportation sensor systems provider said it is to raise a total of GBP3 million via a two-tranche placing with new institutional and other investors and said Nigel Rogers will be appointed non-executive deputy chairman following the placing. It said it has conditionally placed 135.1 million shares at 1.5 pence per share to raise GBP2 million and has proposed raising a further GBP1 million via the issue of 66.6 million shares to existing shareholders. The company currently trades at 1.5126p.
Progility, off 27%. The management services company said trading for its final few months of the year to end-June is expected to be "disappointing", with earnings before interest, tax, depreciation, amortisation and after central costs to be "markedly below expectations".
Savannah Resources, down 12%. The company said testing at the Block 4 Oman Copper-Gold Project has identified volcanic massive sulphides at the site, as it said it would raise GBP0.55 million via a share placing. Savannah raised GBP0.55 million via the issue of 21.9 million shares at 2.5 pence per share. It currently trades at 2.52p.
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By Neil Thakrar; neilthakrar@alliancenews.com; @NeilThakrar1
Copyright 2015 Alliance News Limited. All Rights Reserved.
29 Jun 2015 07:08
