ARM Holdings +5.61%
Arm Holdings has today expanded their position in the graphics industry through the acquisition of ANGLE’s (+1.89%) computer games graphic business Geomerics. The £6.2m deal will be paid in two sums, £5.5m being paid immediately and then a further £700,000 payable on 12 Dec 2015. The deal will be the first time ARM has ventured into computer games with a lot of their business currently focusing on chips for tablets such as the Apple iPad.
Amara Mining +18.75%
AIM-listed gold mining company, Amara Mining, has upgraded its global mineral resources at its Yaoure Gold Project in which it owns 100%. The company said its inferred mineral resource has increased by 3.3m ounces to a total of 5.5m ounces of gold. Amara Mining is now in the process of conducting a prelim economic assessment which is due to be released in Q1 2014.
Software provider Imaginatik has today secured a two-year contract with a leading US global property and casualty insurance company. The company is said to be delighted with the extension of this significant contract with their existing customer.
Thor Mining +8.93%
Australian gold, tungsten and molybdenum explorer, Thor Mining, has today revealed its final gold assay results that show high grade mineralisation at their Spring Hill gold project. At present, the company owns 51% equity in the project.
A study has found AstraZeneca’s cancer drug Arimidex has cut the chance of breast cancer by 50% in at-risk patients. The results have been revealed after 4,000 high risk women took Arimidex for five years and were 53% less likely to develop the cancer.
RSA Insurance -18.66%
RSA Insurance shares have plummeted over 18% this morning after the company’s chief executive quit amid a third profit warning in only six weeks. Simon Lee has quit with immediate effect and the company has warned the troubles will have a direct effect on the 2013 earnings. In order to maintain a 200% solvency ratio, the group is to inject £135m into its Irish unit. The company is the biggest faller in the FTSE 100 by a huge amount this morning.
HaiKe Chemical Group -11.63%
Chinese AIM-listed company, HaiKe Chemical Group has said they have had a disappointing performance whilst also reporting net losses of CNY359.8m, up from CNY186.9m last year.
Botswana Diamonds -17.53%
Botswana Diamonds has had over 17% wiped off its share price this morning even after reporting that the company has conditionally raised £740,000 to be used on its exploration projects in Botswana. The company raised £540,000 via the issue of 21,600,000 ordinary shares at 2.5p each with a further £200,000 of existing liabilities has been settled via the issue of units.
Premier Gold Resources -16.67%
Gold exploration company, Premier Gold Resources has fallen by nearly 17% this morning even though the company is pleased to announce they have raised £260,000 via a subscription with Lanstead Capital, their biggest shareholder, for 200 million ordinary shares at 0.13p each.