Below are some of the main news-driven share price changes at 4.15pm.
Tethys (LON:TPL), up 13.2%. The company has entered into an interim convertible financing facility of up to US$15 million with a wholly-owned subsidiary of Olisol Investments. The facility is convertible into Tethys ordinary shares at C$0.17 per share.
New World Oil and Gas (LON:NEW), down 25.6%. The shares are sharply lower after what looks a fairly routine set of votes at the annual general meeting.
China Nonferrous Gold (LON:CNG), down 12.2%. Non-executive director Abuali Ismatov sold 250,000 shares at 22p per share reducing his stake to 1.13%.
Atlas Development & Support Services (LON:ADSS), down 8.7%. Following the decline in the oil price, trading conditions for the company's core services division remain very challenging, it revealed today. The company has created an industrial division to broaden sector focus and diversify cyclical services revenue streams.
Below are some of the main news-driven share price changes among FTSE 350 stocks at 12.45pm.
Johnson Matthey (LON:JMAT), up 9.7%. I leave the floor to Augustin Eden at Accendo Markets: “Things are looking up for Johnson Matthey (JMAT) this morning after the company announced an attractive set of dividend treats following the sales of its under-performing precious metals refining businesses (and despite a poor H1 earnings report).”
Investec (LON:INVP), up 6.1%. The results statements contained a lot of ifs, buts and maybes relating to ongoing and sold businesses plus currency movements, but the upshot is ongoing adjusted earnings per share rose to 25.5p from 22.5p, up 19.1% adjusted for currency movements.
Aldermore Group (LON:ALD), down 6.8%. The “challenger bank” still has a fan in Investec after its third quarter results, and the small and medium businesses focused bank is on track to meet its targeted 2015 net loan growth of around £1.4bn, but the market was unimpressed. Investec, which has a price target of 325p versus the current price of 258p, reckons it will exceed that target.
Below are some of the main news-driven share price changes at 9.15.
ECR Minerals (LON:ECR), up 33.3%. The company became the latest entrant in resource investor Metal Tiger’s (LON:MTR) portfolio of mining juniors yesterday. Metal Tiger is to subscribe for shares at 0.02p a pop, and with the shares up to 0.03p this morning it is already sitting on a profit.
Orosur Mining (LON:OMI, CVE:OMI), up 17.8%. Shareholders seem pleased with assurances that of the 7mln shares the board was authorised to issue at yesterday's AGM, no more than half will be issued to officers and directors of the company in lieu of salaries and fees.
Poundland Group (LON:PLND), down 20.5%. The cheap and cheerful retailer saw like-for-like sales fall 2.8% on a constant currency basis in the six months ended 27 September. Underlying earnings (EBITDA) dived 18.5% to £16.8mln from £20.7mln.
Johnston Press (LON:JPR), down 11.3%. A familiar story from the regional newspapers publisher in an update covering the 17 weeks to the end of October: publishing revenues down 10.8%, print advertising revenues down 14.7% and digital revenues up an underlying 8.4%.