UK homewares market leader Dunelm (DNLM), a likely beneficiary of housing market improvement, rises 3.2% to £10.02 on a solid third quarter trading update. Over the 13 weeks to 29 March, total sales rose 9.9% to £195.4 million with the help of ongoing 'Dunelm Mill' superstore expansion, while like-for-like sales warmed up 5%, signalling further market share gains. Investors like news of multi-channel sales growth as well as gross margin expansion driven by increased direct sourcing of product. Oriel Securities upgrades its full-year pre-tax profit by £2 million to £118 million and raises its price target to £10.40.


Online takeaway food ordering system Just Eat (JE.) rises 6% to 275.79p on its first day of dealings. The company saw its IPO priced at the top end of the valuation range thanks to strong investor demand. We take a closer look at the investment case here.


The UK’s largest biotech BTG (BTG) improves 3% to 557.5p as revenues for the year to April are expected to be in the top end of guidance of up to £285 million, thanks in part to a strong performance in its interventional medicine business. Analyst opinion remains dividend, as this article explains.


Private label shampoos-to-shower gels developer McBride (MCB) is jilted by investors on another profit warning, the shares down 11% to 94.25p. It blames weak retail demand in UK and Italy and flags the need for heavy restructuring of its UK business.


Iron ore producer African Minerals (AMI:AIM) falls 1.5% to 154.88p as full-year earnings narrowly miss expectations and 2014 production guidance looks very conservative. A Chinese investment into its Tonkolili mine continues to drag with African Minerals now expecting the deal to complete by the end of 2014, a year later than planned.


Hyder Consulting (HYC) rises 2.4% to 452p after investors breath a sigh of relief that a new trading update doesn't contain further shocks following February's profit warning. The infrastructure and engineering consultant says the UK arm is doing well, costs are being cut in Germany, the Middle East looks attractive and funding decisions continue to delay contract awards in Australia.


Sweeteners titan Tate & Lyle (TATE) sours 3.75p to 646.75p on a downbeat year-end trading statement. Pre-tax profits for the year to March will be in line with estimates downgraded following a recent (13 Feb) profit warning reflecting a more competitive market for SPLENDA Sucralose sweetners and lower demand for Tate's liquid corn sweeteners.


FTSE 100 oil explorer Tullow Oil (TLW) is up 3.7% to 780.5p as the market continues to respond to yesterday's news (2 Apr) of a $500 million bond issue. The proceeds will be used to pay down existing debt. Investec comments: 'Debt evolution is the key call for Tullow these days and we see gearing moving higher from here.'


Logistics specialist Wincanton (WIN) rises 0.8% to 120.25p after highlighting the benefits of UK construction sector recovery and reassuring trading from its specialist businesses, fleet services and records management operations.


Regeneration specialist St Modwen Properties (SMP) falls 4% to 381p as its founding Clarke and the Leavesley families have sold 3.7% of the business for 380p a share.


Buyers swoop on hydrogen fuel technology developer ITM Power (ITM:AIM) as the company announces a deal to supply three of its electrolyser refueling stations in London. The deal is worth £2.8 million to ITM, which also hopes to proves that hydrogen technology is capable of powering cars in future. The shares rise nearly 9.5% to 32p.


Just days after its full-year results insurance claims outsourcer Quindell (QPP:AIM) unveils an extension of its existing deal with major UK car insurer Swinton. The shares rise 4.3% to 36.25p. One of our Plays of the Week from January, we updated on the story in today's issue of Shares.


Some hefty share buying by directors powers a 20% jump in Toumaz (TMZ:AIM) stock to 4.5p. Chief executive Anthony Sethill and chairman Richard Steeves combine to purchase more than £468,000 worth of stock in the ultra low power chip technology microcap.

Issue Date: 03 Apr 2014