The FTSE 100 opens up 27 points to 7,584 despite fears of a rising pound’s impact on the index's constituents. The Bank of England’s decision to keep interest rates the same yesterday was widely priced in by the market despite some hawkish tones from certain members of the Monetary Policy Committee.
Asset manager River & Mercantile (RIV) gains 2p to 280p after opening a new office in Australia to coincide with the launch of its first Australian unit trust. The company has also appointed former Australian international rugby player Tim Horan as managing director. Horan used to work for Australian bank Westpac.
Media company Next Fifteen Communications (NFC:AIM) ticks up 1.6% to 519p as it says organic growth has been in the high single digits this year. It has won accounts with European companies such as ARM, Waze and Beiersdorf as well as growing existing accounts with Just Eat (JE.) Samsung and AB InBev.
Oil producer Savannah Petroleum (SAVP:AIM) cheapens 1.3% to 29.6p as it begins to drill a well in Niger. However, even if it’s a success the company palns to suspend the well for future re-entry and further evaluation.
Software firm Tern (TERN) rallied 23.9% to 39.6p on the news that a security blueprint developed in conjunction with one of its investee companies has started to be marketed by Thales Group.
Fellow software company minnow Imaginatik (IMTK:AIM) gains 8.9% to 0.55p after winning a contract with a wine producer. The company hasn’t release the name of the wine company but describes it as one the ‘leading award-winning wineries in the world’.
Aim listed pharma company Synairgen (SNG:AIM) ticks up 14.5p after revealing good results from its treatment for chronic obstructive pulmonary disease with its drug SNG001. The Drug Safety Monitoring Committee has approved the second part of the trial.
