Risers and fallers – 14/01/14

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2 mins. to read

Risers: 

AstraZeneca +2.14%

Pharmaceutical company, AstraZeneca, has today revealed it expects 2017 revenue to be in line with 2013 revenue whilst adding they expect to return to growth quicker than analysts expect. The company has reported declining revenue figures over the past few years due to competition in the pharmaceutical market. 

Balfour Beatty +3.48%

Balfour Beatty has today told investors that it is trading in line with expectations. The infrastructure group also added it expects its full year order book to be in line with its Dec 31 2012 figure of £13.5 billion. The group is no longer looking to renew its existing contract with Network Rail. 

Volga Gas +10.20%

Russian-focused oil and gas company, Volga Gas, has today reported production of 8.9 million cubic feet per day of gas for 2013. The group also reported production of 1,400 barrels of oil per day which is a 46% increase on 2012 production. The increase in production came in H2 when the company’s subsidiary was approved for upgrade works at one of its processing plants. 

Johnston Press +5.36%

Media group Johnston Press has today announced it has appointed Jeff Moriarty as its Chief Digital and Product Officer. Mr Moriarty’s role will come into effect from April 2014 as it follows the departure of Henry Faure Walker.

 

Fallers: 

Ashmore Group -11.85%

Specialist asset management company, Ashmore Group, has today estimated a 4% fall in its assets under management over the quarter to Dec 31 which comes as a result of net outflows totalling $3.5 billion. 

Sound Oil -6.00%

Oil and gas company, Sound Oil, has today revealed a plan to raise £1.6m through a 33% discounted open offer at 4.2p per share. The capital raised will be used to aid its Italian portfolio. 

Carr’s Milling Industries -4.77%

Carr’s Milling Industries has today revealed it is trading in line with expectations for the full year after reporting a positive start to the new financial year. The company has said they are to continue exploring opportunities domestically and overseas. 

Michael Page International -3.62%

Michael Page International has today reported a 1.2% drop in Q4 gross profit and also expects full year operating profit to be approximately £68m. Q4 gross profit ended Dec 31 was £125m in comparison to £126.5m in 2012. 

Karelian Diamond Resources -11.88%

Diamond exploration company, Karelian Diamond Resources, has today announced it has raised £550,000 via a placing of 27.5 million ordinary shares at 2p each. The capital raised will be used for its ongoing programmes in Finland.

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