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Risers & Fallers: 88Energy, Hornby, Leed Resources, Pinewood Group, Renold, Tangent Communications

Film studios operator Pinewood Group mulls putting itself up for sale, while toys group Hornby goes off the rails again
Hornby's transformation programme will hit profits harder than expected

Below are some of the main news-driven share price changes at around 4.00pm.


Dunelm Group (LON:DNLM), up 12% to 924p. The home furnishings retailer rewarded investors with a chunky special dividend after half year profits jumped almost 11%.

Domino’s Pizza Group (LON:DOM), up 9.5% to 938.5p. Credit Suisse upgraded the UK pizza franchisee to ‘outperform’ and the price target was raised to 450p.


ARM Holdings (LON:ARM), down 4.7% to 896p. The micro chip maker cautioned over the global outlook.


Tullow Oil (LON:TLW), down 7.75% to 149p. The Africa focussed oil firm reported a 27% drop in revenue for 2015, and losses for the year amounted to $1bn.

Below are some of the main news-driven share price changes at around 1.00pm.


Eden Research (LON:EDEN), up 22.4% to 10.25p.  The agrochemical technology firm announced its Greek partner has made the first commercial scale order for Mevalone, a treatment against grape rot.

Reach4Entertainment (LON:R4E), up 10.3% to 1.6p. A regulatory statement has revealed that existing shareholder Gate Ventures plc has increased its stake to 12.12% from 11.1%.

32RED (LON:TTR), up 9.3% to 147p.  The digital gaming group confirmed it will pay a special dividend, of 3p per share. It follows a better than expected trading performance in 2015.


Wandisco (LON:WAND), down 27% to 135p. The Big data firm forecast worse-than-expected revenue, though it also said sees annual losses would be smaller than first thought.

Glencore (LON:GLEN), down 2.2% to 92.32p. The mining major was downgraded by Societe General to ‘hold’ from ‘buy.

Hikma Pharmaceuticals (LON:HIK), down 13% to 1,735p. It was the FTSE 100’s biggest faller as uts recently agreed acquisition of Roxane Laboratories looked less attractive, amid new information about its financial performance. Despite agreeing a lower upfront cost (cut by $535mln) the transaction is now expected to dent earnings this year.

Below are some of the main news-driven share price changes at 9.00am.


Tangent Holdings (LON:TNG), up 63.6%. The shares shoot up to 2.25p on the back of a management buy-out pitched at 2.25p per share.

88 Energy (LON:88E), up 36.8%. Better-than-expected permeability test results mean the company has now dodged two of three potential pitfalls of its new shale play in Alaska.

Pinewood Group (LON:PWS), up 14.7%. The famous Pinewood film studio could be up for grabs, after the company announced a strategic review.


Leed Resources (LON:LDP), down 58.6%. The natural resource investing company has two-and-a-bit days to make an acquisition, otherwise its shares will be suspended from trading on AIM. Chances of the company making an acquisition this week? Slim to none, apparently.

Hornby (LON:HRN), down 40.1%. After some well-publicised supplier difficulties, the shares have been steadily recovering since mid-2014, but are on a switchback today after it issued a profit warning.

Renold (LON:RNO), down 26.3%. The supplier of industrial chains and related power transmission products said underlying sales for year to end-March are expected to be around 10% lower than the prior year.


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