Risers and fallers – 27/01/14

Risers: 

Elementis +3.25%

Elementis PLC has today revealed that Andrew Duff has been appointed as non-executive chairman for the firm, effective from April 24. Andrew Duff will leave his non-executive chairman position at Severn Trent to replace Ian Brindle. 

Nova Resources +19.74%

Investment company Nova Resources has today revealed that Enerstry Co Limited, which Nova Resources holds a 23.72% stake in, has been awarded a contract with Handsung Industries Co. Enerstry. The company expects the contract to begin providing revenue in Sept 2014 with expected figures to be around $700,000pa. 

Colefax +12.77%

Fabric and wallpaper specialists, Colefax Group, have today reported plans for a £4.4m tender offer of its ordinary shares at 400p per share from Feb 11. 

ServicePower Technologies +5.77%

ServicePower Technologies has today announced the extension of two contracts with its long-term clients. Revenue from the two contracts is set to appear throughout the current financial year.

Fallers: 

BG Group -14.76%

Natural gas company, BG Group, has today declared that it has issued force majeure notices in Egypt. The group has also revealed that production volume will be in line with board expectations of around 633,000 barrels per day. 2013 business performance earnings are set to be reported flat at around £4.4 billion. Chief Executive Officer, Chris Finlayson has said: “Despite the good progress we have made in 2013 we face short term issues which are reflected in our revised 2014 guidance. Year on year decline in Egypt and the U.S. are the drivers of volume decline from 2013 to 2014, with the rest of the base portfolio broadly flat overall” 

Hansard Global -11.73%

Hansard Global has today reported new business in H1 has declined by 24%. Assets under administration was reported at £985.9m up to 31 Dec. The savings provider has also added that they expect H2 new business to be considerably lower than last year. 

Vodaphone -5.36%

Shares have sharply declined in Vodaphone during early trading on Monday after AT&T revealed it will not be making an offer for the company. Due to UK takeover rules, AT&T will now be unable to make a bid for the company within 6 months. 

Salamander Energy -4.06%

Salamander Energy is expecting production to restart at the Bualuang oil field in early February after the field was damaged due to bad weather.