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Risers & Fallers: React Group, WS Atkins, Oilex, Carclo, Ferrex and Anglo American

Below are the main news-driven share price movements at 4pm.

VacuumCleaner.jpg
React Group was lower near the end of the day

Below are the main news-driven share price movements at 4pm.

RISERS

Carclo (LON:CAR) up 9.3%. The plastics company met expectations in the first half, as revenues increased and it swung to a re-tax profit.

Oilex (LON:OEX) 8.3%. The company is pushing on with its work-over programme at the Cambay field in India despite falling out with one of its major backers.

WS Atkins (LON:ATK) up 6.5%. The company is buying the projects, products and technology business of EnergySolutions, for US$318mln.

 

FALLERS

Ferrex (LON:FRX) down 11.1%. The mining junior is to buy into a group of gold deposits in Australia to provide cash for its Togo manganese development.

React Group (LON:REAT) down 6%. The rapid response cleaning service is to increase its offering into asbestos removal, and has created two new subsidiaries, REACT Environmental services and REACT Occupational services.

Anglo American (LON:AAL) 4.6%. Commodity prices keep ticking lower, with a number of miners in the red today. Platinum lost almost 1%, as it keeps sliding, and now stands at US$857.

 

Below are the main news-driven share price movements at 1pm.

RISERS

Cambria Africa (LON:CMB) up 19%. Consilium Corporate Recovery Master Fund, which offered the company loan agreements, will not file any proceedings for the winding up of Cambria. It had formally demanded the sum of US$4,819,106.18 pursuant to the secured loan agreements, and the companies continue to dispute whether Cambria is in default of the loan.

Macfarlane Group (LON:MACF) up 10.6%. The packaging company expressed confidence full-year expectations will be met, which means profits should be well up on last year.

Renold (LON:RNO) up 9.2%. Pre-tax profit in the first half rose to £4.6mln from £4.4mln a year earlier as it bought a German firm Aventics for £4.5mln in cash.

Halma (LON:HLMA) up 7%. The health and environmental technology company saw revenues and profits rise in the first half of the year as it reported growth in all sectors.

 

FALLERS

Allergy Therapeutics (LON:AGY) down 6.8%. The company has outlined plans to raise up to £12mln via a share placing at a modest discount to last night’s closing price.

Easyjet (LON:EZJ) down 3.8%. The company reported record profits for the fifth year in a row and hiked its dividend by more than a fifth, but the figures do not include any impact from the suspension of Easyjet’s flights to Sharm el-Sheikh in Egypt, while the awful events in Paris over the weekend could also impact the company.

 

Below are the main news-driven share price movements at 9.30am.

RISERS

Bodycote (LON:BOY) up 12.7%. The company said in a trading statement that it was on track to meet market expectations despite challenging market conditions.

Smiths Group (LON:SMIN) up 10.%. The engineering firm agreed a deal to reduce the amount the company pays into its pension scheme by around £36mln, as it reported strong performances in its detection and medical businesses, which somewhat negated the effect of the weak oil and gas sector.

Kaz Minerals (LON:KAZ) up 9.3%. The miner has reached a deal with its main construction contractor on the Atkogay project to defer payment of US$300mln due to be paid in 2016 and 2017 to 2018.

 

FALLERS

CDIalogues (LON:CDOG) down 53.6%. The mobile marketing company has warned earnings for the year will take a hit after third quarter revenues slumped and delays hit its fourth quarter project line-up.

Havelock Europa (LON:HVE) down 43.5%. Its largest financial services client will be cutting back its spend on refurbishment and development substantially next year. While not affecting this year’s results, the impact on 2016 will be “material”.

B&M European Value Retail (LON:BME) down 4.5%. The discount retailer, which is chaired by former Tesco boss Sir Terry Leahy, saw sales rise 25% to £930mln in the first half but warned that "greater-than-budgeted" store opening costs due to the opening of two new UK distribution centres has brought some short-term operational challenges.

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