Resource fans were treated to an impressive oil discovery from Lekoil (LEK:AIM) and Afren (AFR), taking the latter to the top of the FTSE leaderboard. Lekoil gushed up 22.9% to 43p and Afren advanced 6.4% to 129.5p after discovering the black stuff in offshore Nigeria. Afren has a 40% stake in the find and Lekoil 30%. Stockbroker Canaccord Genuity raised its target price for Afren from 210p to 220p on the back of the news.
Emerging markets bank Standard Chartered (STAN) advanced 1.9% to £14.37 after posting a positive second quarter update. Management expect to meet full-year profit targets of $8 billion, compared to the $6.8 billion it made last year. One low point was the confirmation that loan impairments will increase by 15% this year, mainly due to its Korean loan book.
Stagecoach (SGC) rose 3.7% to 310.7p as the market liked full-year results from the public transport group. Pre-tax profit was down to £195.8 million from £239.8 million but the dividend's gone up by 10.3%. Analysts said it is trading well despite earlier concerns about the US, supported by a healthy cash position.
Graphite miner Stratmin Global (STGR:AIM) slumped 17.7% to 16.25p after revealing delays to increasing production in Madagascar. Investors also didn't like news that it has decided not to secure a marketing partner until later in the year when production levels are expected to have improved.
Profit warnings are coming thick and fast across the tech space, today being the turn of US-focused healthcare software supplier Craneware (CRW:AIM). It needed to bag a big contract to hit year to June expectations, and while talks run on several contracts, none will be signed-off in time. Not the worst warning ever, which explains why the £87 million cap's crash is a relatively modest 12.9% to 327.5p.
Video search engine Blinkx (BLNX:AIM) fell over 7% to 117p after Hewlett Packard (HPQ:NYSE) dumped its 12.6% stake in the UK company. Market gossip puts the sale firmly down to the US tech giant's widely publicised fallout with Autonomy founder, and Blinkx director, Mike Lynch.
High-tech computer training systems supplier SimiGon (SIM:AIM) soared 15% to 25p after sealing a defence industry contract for its SIMbox training solution worth $6.7 million. The deal 'significantly de-risks the business for the next few years,' says FinnCap analyst Lorne Daniel.
Small cap cruise provider All Leisure (ALLG:AIM) retreated 5.9% to 32p after saying that earlier power problems at one of its ships are taking longer to fix than originally expected. This will result in a one-off exceptional cost at its next financial results. The exact figure has yet to be determined.
Walker Greenbank (WGB:AIM), the luxury interior furnishings firm behind the Sanderson, Morris & CO and Scion brands, put on 0.5p at 123p following a confident annual meeting. Successfully growing its international business, the £72 million cap highlighted strengthening brand sales won at strong margin, while also flagging a good performance from its manufacturing operations with a helping hand from investment in the latest printing techniques.
Machine tool maker 600 (SIXH:AIM) moved into gear, up 12.8% at 12.1p, as it reported pre-tax profits of £3.9 million in the year to 31 March compared to a £14.9 million loss the previous year on revenues that increased 11.2% to £41.8 million. The Leeds-based group said it had moved from turnaround to growth and was targeting acquisitions.
Oil services firm Kentz (KENZ) ticked up 2.3% to 385.3p after announcing it was on track to meet full-year expectations. The order book has increased by 9% to $2.8 billion.
Bus manufacturer Optare (OPE:AIM) won a £2.7 million contract for the delivery of 18 of its Versa models to First Cymru for operation in South Wales driving it up 2.8% to 0.36p.
Diagnostic screening and testing device maker Akers Biosciences (AKR: AIM) dived 9.6% to 1.1p despite its losses narrowing last year.
Sports, entertainment and media agency Parallel Media (PAA:AIM) fell 6.5% to 7.3p on news that losses had widened to £0.8 million from £0.4 million in 2011, on turnover slightly down at £6.3 million versus £6.4 million last time.