FTSE 100 aircraft engine maker Rolls-Royce (RR.) gains 2.3% to £10.50 after announcing after the market close on 7 March that it will buy out German carmaker Daimler's 50% stake in a power systems joint venture – a transaction which observers believe reduces the likelihood Rolls will bid for Finnish peer Wartsila. Liberum increases its 2015 earnings per share forecast by 7% to 77p and says 'an equity raise for another industrial like Wartsila now seems more unlikely'.
Shipbroker Clarkson (CKN) surges ahead, adding 8.5% to £22.23 as investors respond to full-year results which see the £422 million cap report a 26% increase in underlying profit before tax to £25.1 million. Read our news analysis on the stock.
Tropical produce importer Fyffes (FFY:AIM) flies 23.3% higher to 92.5p on news of an all-share merger with salads-to-bananas group Chiquita Brands (CQB:NYSE) as well as tasty full-year results. Creating the world's number one banana and other fresh produce company, 'ChiquitaFyffes', the enlarged company will be listed on the New York Stock Exchange and boast $4.6 billion in annual revenues. We take a closer look at the news here.
The market likes aerospace firm Senior's (SNR) $75.5 million acquisition of Malaysian rival UPECA – marking the shares up 5.3% to 305p. N+1 Singer increases earnings per share targets by 5% for 2014 and 2015 respectively.
Paper and packaging giant Mondi (MNDI) rises 2.7% to £11.20 after brokers at Citi upgraded the £4 billion cap to 'buy' with raised target of £12.60; up from the bank's previous £11 target.
Ukrainian dairy foods and beverages distributor Ukrproduct (UKR:AIM) sours 9.5% to 7.13p after warning political and economic turmoil in the Eastern European nation has badly hurt its business year-to-date.
Erection-maintaining condom maker Futura Medical (FUM:AIM) rises 1.5% to 66.7p on news that the product will be launched in the second half of the year across Middle East and North Africa and at least one European country. A launch in South America could follow. The company also raised £12 million to fund further development through a placing at 57p a share.
Goals Soccer Centres (GOAL:AIM) has raised £11.4 million through placing new shares at 216.5p each to fund UK and US site expansion. We discussed Goals' revived growth aspirations in January – you can read that article here.
Israeli group Matomy Media confirms plans to list on London's main market. The company underakes digital marketing campaigns and only gets paid if the results hit certain targets. It wants to raise $100 million to increase its holding in various investments, repay loans and have cash for expansion.
US oil firm Nostra Terra Oil & Gas (NTOG:AIM) gushes up 3.8% to 0.275p as it announces a trio successful wells on its Chisholm Trail project in Oklahoma have helped lift daily production by 57% from the previous level of 60 barrels of oil equivalent per day.