Risers & Fallers courtesy of Spreadex

Risers:

Tate & Lyle, up 2%

Ingredients firm Tate & Lyle has announced that its performance in the second quarter was broadly in line with expectations through adjusted operating profit for the first half is expected to be slightly lower than the comparative period due to softness in the US drinks sector. The colder weather has affected the sweetener volume across its two divisions and now expected adjusted operating profit for the six months to be lower compared to the same period last year. 

DDD Group, up 20%

2D-to-3D conversion technology specialist DDD Group PLC said Friday that its non-executive chairman Nicholas Brigstocke bought 200,000 shares at 5.69 pence a share and now has 1.81 million, or 1.3% of the company. 

TXO PLC, up 8.8%

The Directors of TXO plc, the AIM-listed oil and gas investment company, have been informed by legal counsel that the Wednesday’s hearing of the Empire Energy Corporation International (“Empire”) court case in New York, the Judge has retired to consider his verdict and will provide a written decision in due course. 

Urals Energy, up 7.7%

Russian oil company Urals Energy PCL have announced that it thinks a preliminary review of the results from in the West block of its Arcticneft asset show the possibility of significantly increasing production at Arcticneft from the current horizons with limited capital and operational expenditure. Shares react higher, trading over 7 percent higher. 

Arbuthnot Banking Group, up 3.2%

Arbuthnot Banking Group PLC (ARBB.LN), said Friday it has exchanged contracts with GMS BRICKS, for the sale and leaseback of 7-21 Wilson Street, adding that it intends to declare a special dividend of 18 pence per share following the completion of the sale and lease back transaction. Arbuthnot expects to complete the sale and leaseback agreement within ten working days.  

Fallers: 

Carpetright, down 10%

The carpet and flooring retailer Carpetright PLC has announced that its full year profit will likely be “significantly” below expectations amid tough conditions in the U.K. and Netherlands and announced the departure of its chief executive. Darren Shapland, currently chief executive, will step down from the role and from the board with Lord Harris of Peckham, chairman, will become a full time executive chairman. 

Premier Gold, down 24%

The central Asia-focused gold exploration and development company will not be able to commence fieldwork operations at the Cholokkaindy gold license in the Kyrgyz Republic as originally intended due to the actions of local gangs, adding that it cannot be certain that it will be able to safely achieve the operational objectives earmarked for the 2013 field season. With gangs threaten and intimidate employees of the company and its Kyrgyz, they did say there is possibility that Premier Gold may still be able to undertake a limited work program before the first snow fall. 

Verdes Management, down 18%

Business turnaround specialist Verdes Management PLC said Friday that it has signed a new convertible loan agreement to provide up to 500,000 pounds of loan capital to the company to allow it to develop its new strategy. Shares drop on the announcement. 

Beacon Hill, down 8.6%

Beacon Hill Resources PLC said Friday that it has agreed to issue unsecured convertible loan notes to raise up to $19.2 million. The financing will fund the development of the Phase 2B and 2C Plant upgrades at Beacon Hill’s Minas Moatize Project which should significantly enhance the operational and financial performance of the project. It will also provide additional working capital for the Company in addition to the $4.4 million of cash on hand and $4.5 million in contractor prepayments. 

Tricorn Group, down 7.7%

Tricorn Group PLC, a tube manipulation specialist, have said that pre-tax profit for the half year to Sept. 30 is expected to be slightly below management’s expectations due to softer markets for the U.K. businesses and the company’s investment in both the U.S. and China. Shares drop over 7 percent after the trading statement.