Risers & Fallers courtesy of Spreadex

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Risers: 

Telecom Plus, up 4%

Telecom Plus which supplies utility services to residential and business customers, reported a marked acceleration in its growth rate over the last few months, saying it remains comfortable with consensus market expectations and expects to report record figures for turnover, profits, earnings and dividends for the full year. They announced a further improvement in customer quality. 

Victrex, up 2%

The manufacturer of high performance polymers, said Tuesday that full year sales volume was slightly ahead of last year at 2,920 tons compared with 2,904 tons a year earlier. Group sales volume of 1,528 tons for the second half was in line with the strong prior year performance (H2 2012: 1,527 tons). 

Atkins (WS), up 1.3%

The engineering and project management consultancy company has won a £75m contract as the lead designer for three of the six lines being built as part of the massive Riyadh Metro project. Atkins will lead a design joint venture with Spanish consultancy Typsa for the FAST consortium which is responsible for metro lines 4, 5 and 6, representing just over a third of the total track. 

Trakm8 Holdings, up 43%

The developer of vehicle tracking systems, said Tuesday it will buy fleet management systems provider BOX Telematics Ltd. for an initial cash consideration of 3.5 million pounds ($5.6 million). This will be paid from a new GBP2.5 million debt facility, partly from cash reserves, and the rest by issuing shares to raise GBP720,000. 

Aeorema Communications, up 31%

The communications and events specialist, Aeorema Communications PLC said Tuesday the company swung to a full year profit and said the proposed payment of a maiden dividend demonstrates the company’s confidence in its strategic direction. They reported 41% increase in revenue from continuing operations to £3,992,751 

Fallers:

Marks and Spencer, Dixon, Home Retail Group, Next down -3%, -3%, -2.5%, -2%

The UK retail sector as a whole was down today after the British Retail Consortium said growth in British retail sales slowed for a second consecutive month in September. The UK retail sector continues to lag with Marks and Spencer leading the FTSE 100 fallers after Credit Suisse reported yesterday the clothing retailers 2Q sales has been slower than expected. The negativity arises despite Moody revising the outlook for European retail sector to stable from negative. 

Exillon Energy, down 6%

The independent oil company with upstream operations in northern Russia had their Overweight rating stripped by HSBC. HSBC downgrades the stock to neutral. 

Grafenia, down 8.6%

Grafenia PLC said it expects the results for the year to be below market expectations and skewed towards the second half’s trading, citing disappointing sales from its July AGM to the end of August and the costs of establishing the group’s SaaS offerings. Despite this they said September sales are more in line with expectations. 

Tangiers Petroleum, down 4%

The exploration company, Tangiers Petroleum said Tuesday it has terminated its farm-out agreement with CWH Resources Limited in relation to the offshore permits WA-442-P and NT/P81 located in the Joseph Bonaparte Gulf, northern Australia. Tangiers said it terminated the agreement because CWH did not meet the deadline to satisfy the conditions precedent.

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