risers & fallers – 06/02/14

By
1 mins. to read

Risers: 

Smith & Nephew +1.89%

Shares in Smith & Nephew are up during early morning trading today after the company announced a Q4 pretax profit of $232m, up from $213m in the same period last year. Revenue increased to $1.2bn, up from $1.1m last year. 

Imagination Technologies +14.34%

Imagination Technologies has revealed that its multi-year licensing agreement with Apple has been extended. Shares in the technology group jumped over 14% after the announcement. 

Beazley PLC +4.74%

Beazley PLC has today announced a 25% jump in full year pretax profits to $313.3m for the year ended 31 Dec. Revenue for the insurance specialist group also increased, reported at $1.56bn compared to $159bn a year earlier. 

Stellar Resources +10.00%

Stellar Resources is set to buy a 7.5% equity stake in Horse Hill Development.

 

Fallers: 

AstraZeneca -2.61%

AstraZeneca has today reported they have swung to a Q4 loss of $524m which has been blamed on slow sales of its diabetes drug, Bydureon. Q4 sales were below market expectations, reported at $6.84bn after fierce competition. 

President Energy -19.46%

Shares have dropped over 19% in President Energy after the oil and gas company reported the placing of new ordinary shares in order to raise around £57m. The capital raised is to be used on a drilling project throughout 2014. 

Enterprise Inns -5.58%

Enterprise Inns is currently the bigger faller in the FTSE 250 this morning despite the company revealing they are trading in line with company expectations.

Comments (0)

Comments are closed.

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.