Risers and fallers – 07/01/14

Risers: 

Reed Elsevier +0.22%

Reed Elsevier has today said it has appointed Centrica PLC’s Nick Luff as their Chief Financial Officer to replace Duncan Palmer who announced his resignation in September 2013. Mr Luff has been the Financial Chief for Centrica since 2007 and is also a Non-Executive Director of Lloyds Banking Group. UK energy firm Centrica have said they have begun the search for a successor of Nick Luff. 

Great Western Mining Corp +87.18%

Mineral exploration and development company, Great Western Mining Corp, has today revealed they have completed the detailed analysis for the drill programme at their 100% owned M2-Smith copper target. Chief Executive, David Fraser has said: “Great Western has spent considerable effort promoting the potential value of its asset base. We want 2014 to be the year where the inherent value of our extensive bank of Federal land leases begins to be recognized.”

 Synety Group +30.75%

Cloud-based telephone solutions provider, Synety Group, has today reported a substantial increase in FY 2013 recurring revenue at £850,000, compared to £149,000 a year earlier. The company has also said they remain confident about its future prospects. 

Condor Gold +17.56%

Condor Gold, a UK based gold exploration company, has today said a compliant mineral resource on their La India Project contains mineral resources of 9.6 million tons. 

Netdimensions +18.18%

Netdimensions (Holdings) Limited has today revealed that full year losses will be substantially lower than current market expectations amid significant increases in 2013 sales. These results have been helped by a strong performance in H2 with an increase of 20% in both sales revenue and invoiced sales. 

Fallers: 

EasyJet -1.03%

Budget airline EasyJet has today reported a 3.5% increase to 4.5 million passengers carried in December. This is up from 4.3 million passengers a year earlier. The number of passengers as a proportion to the number of seats available however was flat at 87.9%. 

Dunelm Group +3.91%

Home ware retailer, Dunelm Group, has today reported like for like revenue down 0.9% however has said it remains confident in long term growth prospects. The group also revealed they expect H1 pretax profit to be around £61.5m. 

ViaLogy -53.33%

Signal processing solutions firm, ViaLogy, has today revealed they plan to raise up to £1.62m through an open placing and open offer. This will be used for working capital and to explore corporate opportunities. 

Karelian Diamond Resources -25.70%

Diamond exploration company, Karelian Diamond Resources, has today revealed it has conditionally raised £750,000 that is to be used for ongoing programmes at its diamond prospects in Finland. The company placed 37,500,000 ordinary shares at 2p.