Markets

Risers & Fallers: Northgate, Crawshaw, IMImobile, Hunting, Babcock International and more...

Below are the main new-driven share price movements at 4pm.
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Northgate was higher today

Below are the main new-driven share price movements at 4pm.

RISERS

Northgate (LON:NTG) up 6.7%. The vehicle hire company is trading in line with expectations so far this year, according to chairman Bob Mackenzie.

Crawshaw (LON:CRAW) up 5.5%. Shares sizzled at the fresh meat and food-to-go retailer as it said like-for-like sales grew strongly in its most recent quarter. It now expects to exceed market expectations for the full year.

IMImobile (LON:IMO) up 4.2%. The company is buying South Africa-based mobile services provider Archer Digital for US$5.6mln. It added that it is trading in line with expectations.

Fallers

Hunting (LON:HTG) down 6.8%. JP Morgan Cazenove downgraded the company to ‘underweight’ from ‘neutral’ and slashed its price target to 338p from 518p as it expects another year of capex cuts.

Babcock International (LON:BAB) down 2.4%. The support services group was downgraded to ‘underperform’ from ‘neutral’ by Exane BNP Paribas, and had its price target cut to 900p from 1,050p.

Below are the main new-driven share price movements at 12.30pm.

RISERS

Amara Mining (LON:AMA) up 9%. The company told investors that its 2015 drill programme at the Yaoure project has demonstrated its potential to become a large, low cost gold mine. The results of the programme, which spanned 11,904 metres of drilling, has also increased the company’s confidence in the opportunity for a starter pit in the northern area of mine’s central zone.

Ocado Group (LON:OCDO) up 8.7%. The online shopping firm is allegedly higher after Deutsche Bank upgraded it from ‘Sell’ to ‘Hold’ but the large rise suggests there is something more to this.

Crimson Tide (LON:TIDE) up 7.3%. The Kent firm has entered into a landmark contract for its mpro5 platform with one of the country's leading retailers it said today.

Fallers

Motive Television (LON:MTV) down 33%. The TabletTV maker announced after yesterday’s close that it has raised £350,000 through the placing of 280mln shares at 0.125p a pop. It also announced that Non-Executive Director Drew Kaza has resigned from its board.

Premier Farnell (LON:PFL) down 15.3%. The company has issued another profit warning as it said it plans to sell its fire-fighting equipment company Akron Brass and slash its dividend. It had previously issued a profit warning in July.

IndigoVision Group (LON:IND) down 10.5%. The CCTV provider swung to a loss of US$920,000 in the first half of the year compared to a US$1.67mln profit in 2014 as it decided to scrap its dividend.

Below are the main new-driven share price movements at 9.15am.

RISERS

DCD Media (LON:DCD) up 20.5%. Its subsidiary, Rize Television has been commissioned to produce a new singing contest ‘Got What it Takes’ for CBBC, presented by a former X Factor singer.

Teathers Financial (LON:TEA) up 10.7%. The company has signed a content agreement with Proactive Investors for its unique crowd equity app.

Shanta Gold (LON:SHG) up 7.6%. The company said its New Luika gold mine is on-track to meet production guidance. Production is expected to be within 72,000 to 77,000 ounces, and Shanta added that costs are being maintained within the ‘all-in sustaining costs’ budget of US$850 to US$900 per ounce.

FALLERS

TechFinancials (LON:TECH) down 18%. Sales rose but operating profit plummeted 86% due to a greater proportion of R&D expenditure. It also said that due to a slow rate of customer conversion, it will not meet market sales and profit expectations for the full year.

Atlas Development and Support (LON:ADSS) down 17.4%. The company said it has been in contact about a number of joint ventures but none have bore fruit. “The securing of contracts which offer the right margins has been difficult in the short term, particularly in the oil and gas space,” it said.

Rotork (LON:ROR) down 15.7%. The pressure valve producer said even its "lean business model" and cost savings "will not be sufficient to mitigate the profit impact of lower revenues in the year".


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