Babywear retailer Mothercare (MTC) jumps nearly 11% to 257.75p on takeover approaches from the US. Nasdaq-quoted Destination Maternity (DEST:NDQ) reveals two approaches, both rejected by the UK company, but investors clearly believe a third takeover attempt will come.
Heavy construction specialist Kier Group (KIE) is among the FTSE All Share's top risers, adding 3.5% to £18.46, after issuing a reassuring trading update. Business is on track while there's good earnings visibility for the year ahead.
Video search engine Blinkx (BLNX:AIM) collapses as it posts a hefty profits warning. The shares crash 44% to 36.75p, a four-year low, with the opinion-splitting company blaming negative press in part.
A repeat order for three of ACTA's (ACTA:AIM) electrolyser power systems is welcomed by the market. Investor demand drives the shares 8.5% higher to 4.75p, valuing the UK company at a fraction more than £8 million.
Plans to place four of its latest shallow gas wells on permanent production see Kazakh based producer Tethys Petroleum (TPL) advance 2.4% to 18.05p. The wells will be incorporated under the Akkulka production contract by the first quarter of next year and tied-in to existing gas production infrastructure.
Belvoir Lettings (BLV:AIM) gains 2.3% to 132.5p on its Nuneaton franchise increasing its properties under management four-fold through buying Key Estate Agents. Belvoir also sold its Grantham branch to a franchiser to reduce its owned offices.