risers & fallers – 31/01/14

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Risers: 

BT Group +2.82%

BT Group is amongst the leaders of the FTSE 100 this morning after reporting a rise in Q2 net profit to £493m, prompting the group to raise its yearly earnings guidance. The telecom group also reported revenues up 2% to £4.6bn in comparison to £4.52bn. Gavin Patterson, Chief Executive has said: “Our strategic investments are delivering. It was another record quarter for fibre take-up.” 

Paragon Group of Companies +5.19%

Shares are up over 5% in Paragon Group of Companies this morning as the mortgage specialists reveal its quarterly performance will be in line with market expectations. The company reported a pretax profit of £27.1m and operating profit of £26.9m, up 13.5% on last years reported figure of £23.7m. 

Domino’s Pizza Group +3.26%

David Wild, who is a senior non-executive director at Domino’s Pizza Group, is to be appointed as interim chief executive with immediate effect. The new role will be for around 2 months, after which a new chief executive will be appointed to the group. 

China Rerun Chemical Group +19.05%

China Rerun Chemical Group is currently up over 19% during morning trading after the company reported a 21% increase in full year revenue.

 

Fallers: 

Premier Farnell -7.86%

Premier Farnell shares are down over 7% this morning, despite the company reporting a 2.6% increase in full year sales per day. The technology producer has also said they expect a 3.5% increase in year on year sales for H2. 

Max Petroleum -19.19%

Oil and gas company, Max Petroleum, has today revealed it has begun cost-cutting programme which has sent shares down over 19%. 

TEG Group -13.16%

Green technology company, TEG Group PLC, has today revealed that trading throughout H2 has been poor and has been blamed on its Gaydon project. 

E2v Technologies -3.18%

E2v Technologies is trading down over 3% this morning after revealing its full year performance is set to be flat.

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