Troubled outsourcing business Serco (SRP) continues its run of bad luck, down 0.7% to 360.5p as it fails to keep the Docklands Light Railway management contract. It has run the shuttle service in London since 1997 but has now failed to snag the franchise for a third time. The activity represents 2% of its group revenues.

It's acquisitions for the second day in a row for Xchanging (XCH) as the company buys another insurance software business. The £64.1 million purchase of Agencyport Europe will materially enhance earnings from 2015, says the business, sending investors clambering for stock - up 10.2% to 172.25p. Liberum Capital raises its price target for Xchanging from 195 to 220p as a result of the deal.

UK drug giant GlaxoSmithKline (GSK) slips 0.4% to £15.75 on the latest twist in its corruption scandal in China. An investigator, hired by the company following bribery claims, is reported to have said allegations are credible. He stands trial for buying personal information next month.

Airlines are among the FTSE 100's biggest gainers with EasyJet (EZJ) adding 2.6% to £13.83 as the low-cost carrier reports a 10% increase in passengers year-on-year. Load factor also edges higher, up 2.1% to 92%.

British Airways-owner International Consolidated Airlines Group (IAG) is 1.2% higher at 369.6p as the airline reports higher traffic numbers. Measured in Revenue Passenger Kilometres (RPK), the statistics shows 5.9% year-on-year growth.

A new deal with its pension trustees is met with approval, sending shares in BT (BT.A) modestly higher, up 4.2p to 393.1p. The UK telco is close to making a bold move back into the mobile space, as revealed by Shares yesterday.

A farm-out agreement with Aussie giant Woodside Petroleum (WPL:ASX) reawakens interest in oil explorer Chariot Oil & Gas (CHAR:AIM), its shares up 4.6% to 19.75p. Woodside will take a 25% stake in the Rabat Deep permit offshore Morocco in return for meeting the costs of a 3D seismic survey and further data acquisition.

Clean energy supplier Good Energy (GOOD:AIM) remains flat at 236p despite winning planning permission for a new 4.9MW (megawatt) solar farm in Wiltshire. The government’s £375 billion infrastructure investment plan (4 Dec) has helped clear the path for long-term investment in renewable energy sources.

Molecular diagnostics company Permaitha Health (NIPT:AIM) starts trading on AIM after its £7.2 million fund raise at 11p. The company effectively reversed into the shell of the failed oil services minnow Vialogy, and opening trading sees the shares hit 17.5p.

Lubricants producer China Rerun (CHRR) adds 3.2% to 16p as it posts a 17% revenue increase to RMB 88.3 million (£8.3 million) for the three months to the end of May.

Prospective North Sea heavy oil producer Xcite Energy (XEL:AIM) 3.4% to 67.1p as it unveils a memorandum of understanding with Norwegian oil service company Aibel setting out the principles for the engineering, procurement and construction of a self-installing ACE platform. The plan is to use this to produce from its flagship Bentley heavy oil field.

Non-life insurance underwriter Randall & Quilter (RQIH:AIM) rises 4.2% to 161p on buying US surety and casualty insurer Accredited for $25 million. It plans to expand the US firm’s business lines.

Don't be fooled by an apparent 1,864% share price jump to 140p for healthcare company Summit Corporation (SUMM:AIM), trading has simply started following its 20-for-one share consolidation, first announced in June.

Issue Date: 04 Jul 2014