Below are some of the main news-driven share price changes today.
Weatherly (LON:WTI), up 23.7%. All resolutions were passed at today’s extraordinary general meeting, which means the company’s share placing can go ahead.
Oxford Instruments (LON:OXIG), down 7.9%. Adjusted profit before tax last year fell to £35.6mln from £47.1mln the year before, reflecting macro headwinds in Japan and Russia, and weaker trading than expected in the Industrial Analysis sector.
Dragon-Ukraine Property & Development (LON:DUPD), down 4.4%. The Ukrainian property company had, predictably, a bad year in 2014, even though its assets are not directly affected by the conflict in the eastern part of the company. The company’s net asset value slumped to US$92.4mln at the end of 2014 from US$168.5mln a year earlier.
Below are some of the main news-driven share price changes among FTSE 350 stocks at 1.00pm.
Below are some of the main news-driven share price changes at 9.15am.
3Legs Resources (LON:3LEG), up 33.3%. The company’s shares advanced to 0.34p from 0.255p overnight as the company raised £500,000 through a share subscription at 0.27p a share. The company also revealed non-executive director (NED) Richard Armstrong will take over the chairman role, while noted investor Jim Mellon has joined the board as a NED, as has Greg Bailey.
Bacanora Minerals (LON:BCN), up 19.5%. The Canadian and London-listed minerals explorer saw its shares rise sharply overnight in Canada, and this morning issued a statement in London saying it knew of no reason for the movement.
Pan African Resources (LON:PAF), down 8.7%. The 23.86% holding in Pan African owned by Shanduka will be sold off to the Mabindu Trust, the China Investment Corporation and the Standard Bank of South Africa once Shanduka’s merger with the Pembard Group completes. That seems to put the kibosh on any hopes of the stake being used as a launch-pad for a bid.
CML Microsystems (LON:CML), down 7.1%. The semiconductor products designer’s results were down year-on-year but were slightly ahead of revised expectations, and the final dividend has been increased by 10% in expectation of increased revenue and profit in the current year.
Iomart (LON:IOM), down 6.5%. The Cloud computing company’s profit before tax climbed to £10.79mln from £9.72mln the year before, but the market was expecting more from a company in a high-growth sector.