FTSE 100 oil explorer Tullow Oil (TLW) falls 1.8% to 802.5p on news of unrest in Uganda, home to the group's flagship assets in the Lake Albert rift basin. Reuters reports attacks by militants yesterday left more than 70 dead with security said to be stepped up near key oil fields.
Mobile payments network Monitise (MONI:AIM) slumps more than 13% to 42.75p as it misses full year to June revenue targets and runs up bigger pre-tax losses. Bigger contracts taking longer to implement are again at the heart of the issue, while the company's switch to a subscriptions model also impacts. Monitise remains very upbeat on the future, but investor patience is being sorely tested following March's £109 million cash call.
There's another earnings warning from Connect's (CNCT) books arm, triggering a 6.4% decline to 177.63p as analysts downgrade earnings forecasts and price targets. The business formerly known as Smiths News flags sales pressure in books to libraries and academic markets. We discussed the risks hanging over the company back in February.
Machine-to-machine technology supplier Telit Communications (TCM:AIM) edges 1.5% higher to 214.75p as CEO Oozi Cats buys 200,000 shares in the company in a £430,000 deal. This follows two 100,000 share purchases this month by the boss.
Medical testing kit-maker EKF Diagnostics (EKF:AIM) gains 4.6% to 28p on signing a €6 million distribution deal for its glucose and lactate analyser in China, which could help revive shareholder support. It also receives approval to sell its haemoglobin tester in China and Japan.
Services provider UDG Healthcare (UDG) falls 1.1% to 350.3p on buying healthcare and scientific PR firm Galliard and Nyxeon for an initial £6.5 million. The deal strengthens its communications business Ashfield Healthcare.
Self-storage play Lok’n Store (LOK:AIM) improves 2.4% to 208.5p on trading in line with recently increased market expectations of 10.2% revenue growth for the year to August. This could be the start of a new growth phase, as Shares explained last month.