risers & fallers – 11/02/14

Risers: 

Kazakhmys +27.09%

Shares have rocketed over 27% this morning after Kazakhstan devalues its currency by 19%, converting to ₸185 Tenge to the dollar. Revenue is expected to be reported at around $2.7bn in 2014. 

African Copper +29.03%

African Copper has revealed a Q3 copper production of 2499 metric tons, a large increase on Q2. The company has said they are in a good position for further production throughout the year as its processing plant is now working effectively following a planned 10 day shutdown in November last year. 

Scancell Holdings +7.09%

Cancer treatment specialists Scancell Holdings has today revealed they have been approved orphan drug designation by the United States Food & Drug Administration for its melanoma treatment drug SCIB1 ImmunoBody. 

Fallers: 

Barclays -1.21%

Barclays has come under scrutiny today after the bank reported a 32% fall in profits followed by a 10% increase in bonuses. Barclays has also further revealed this morning they are planning on cutting between 10,000 – 12,000 jobs. 

Thomas Cook -1.91%

Amid a drop in winter holidays, Thomas Cook has reported a 0.9% fall in Q3 revenue to £1.7bn however has added that summer holidays booked are around the same levels as last year. The travel company has also revealed they are set to sell Gold Medal to Dubai-based company dnata for a sum of £45m. 

Tricorn Group -23.58%

Tricorn Group PLC has today revealed H2 revenue will be down around 15% from the first half of the financial year. Shares fell over 20% as the company said they expect full year pretax profit to be below market expectations.