It's time to bid farewellto failed smart metering minnow Bglobal (BGBL:AIM) which has struck its second deal this year to sell an operating division. The disposal of Utiligroup will give Bglobal £16.1 million cash, the bulk of which will be returned to long-suffering shareholders, most likely in the form of special dividends up to the total value of 11p. While this is considerably higher than the trading price seen last week, hence the stock jumps 50% to 9.75p, it is still way below the 50p levels seen in 2009. The support services group has suffered boardroom battles and lower-than-expected demand for its smart meters. Once the cash has been paid out, Bglobal plans to delist from Aim.

UK-focused oil and gas firm Union Jack Oil & Gas (UJO:AIM) gains 43.6% to 0.44p as a technical report revealsshale potential in its 10%-owned PEDL201 licence. The report contains no valuation numbers - reflecting the lack of existing British shale gas or oil production - but it does identify gross resources of 5.4 billion barrels of oil and 2.7 trillion cubic feet of gas. We look at the news in more detail here.

Soft drinks star turn A.G. Barr (BAG), which cheered with a tasty trading statement last week, fizzes up another 6p to 631p as investors welcome Friday's factory investment updatte. The IRN BRU-to-Tizer maker is to spend £4 million on high-speed carton production capacity at its new Milton Keynes site to support the growth of its Rubicon and KA juice drink brands.

High Street sportswear and fashion retailer JD Sports Fashion (JD.) shrugs off last week's (30 May) departureof CEO Barry Bown by rebounding 4% to £16.77.

Troubled coal producer New World Resources (NWR) jumps 16.7% to 29.75p on plansto restructure its balance sheet. The company has struggled over the past few years from the ongoing decline in coal prices.

Moroccan explorer Tangiers Petroleum (TPET:AIM) gains 15.8% to 16.8p as excitement builds ahead of the TAO-1 well off the coast of the North African country. A rig has been mobilised and drilling is expected to commence before the end of the month targeting more than 700 million barrels of oil.

Oil and gas minnow Leni Gas & Oil's (LGO:AIM) development drilling in Trinidad is coming up trumpswith the first well in its current programme, GY-664, flowing at 240 barrels of oil per day. The shares rise 28.6% to 1.9p as the company also confirms the second well, GY-665, has intersected 310 feet of gross oil sand in the Goudron sandstone.

Medical testing specialist EKF Diagnostics (EKF:AIM) rises 8.5% to 27p on positive resultson its DNA enrichment technology which detects cancer cells in blood samples. The first results of its work with medical device maker GILUPI found gene mutations from three cells or less in lung cancer suffers.

Medicine re-developer Oxford Pharmascience (OXP:AIM) improves 6.6% to 4.8p on moving a step closer to putting OXP001 400mg into phase III trials after studies showedit generated less gastrointestinal irritation than Brufen 400mg.

Cancer therapy developer Scancell (SCLP:AIM) jumps 7.3% to 36.5p as melanoma sufferers respondto its SCIB1 ImmunoBody treatment in Phase I/II clinical trials.

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Issue Date: 02 Jun 2014