Sweeteners giant Tate & Lyle (TATE) tumbles 15% to 669p amid a profit warning. There's volume softness in developed markets for both its speciality food and bulk ingredients divisions, the latter also hit lower returns from co-products. Profits will be hit by downwards pressure on prices for Tate's higher margin 'SPLENDA Sucralose' sweeteners in the final quarter and beyond.
High street-lender Lloyds Banking (LLOY) slides 3% to 80.9p despite reporting its first full-year profit since the 2008 bailout. Investors might be disappointed that the dividend resumption looks like it will be a story for next year rather than second-half 2014. Read our news analysis on the results.
Oil services firm Amec (AMEC) gains 4.5% to £11.52 as it reports 2013 core profit of £343 million – broadly in line with analysts' expectations – and finalises its £1.9 billion bid for Foster Wheeler (FLWT:NASDAQ). Investec describes the outlook statement accompanying the results as 'mixed' given it indicates revenue growth but at a 'slight reduction in group margins'.
Toys and film rights specialist Entertainment One (ETO) jumps 2.9% to 336p after saying that full-year results will beat management expectations. Analysts upgrade their forecasts for 2014 and 2015 as there's a greater weighting in its performance towards the higher-margin TV division than previously anticipated.
Though volumes were hit by Iraq destocking, Imperial Tobacco (IMT) puffs up 2.2% to £22.74 on a soothing first quarter trading statement. The world's fourth biggest tobacco company flags outperformance of key 'Growth Brands' including JPS, Gauloises Blonde and Davidoff and reassures it is on course for modest full-year earnings growth and a 10% increase in dividends at the very least.
Another new company joins Aim as software group Actual Experience (ACT:AIM) makes its market debut. Having raised cash at 54.5p, the shares quickly soared to 295p and have settled back at 250p. That means the self-styled 'analytics-as-a-service' specialist was either priced wrongly before the listing or investors have got too carried away with themselves to snap up the latest tech float.
Unloved hobby products play Hornby (HRN) advances 0.5p higher to 76p on the long-awaited appointment of a new chief executive. Richard Ames, until recently a Ladbrokes (LAD) board director whose CV includes a stint helping to run ASDA's consumer electronics division, gets his teeth into the toy company's turnaround requirements in April.
US onshore oil and gas play Nostra Terra Oil & Gas (NTOG:AIM) gains 4.5% to 0.3p as it continues to enjoy strong results from its Chisholm Trail development. In particular the Jones 1-5H well exceeded the company’s expectations by a 'substantial margin' with production averaging 521 barrels of oil per day over the most recent ten days. The company secured a $25 million lending facility earlier this month to help fund its investment in Chisholm Trail (3 Feb).
Gas cylinders, valves and biogas specialist Pressure Technologies (PRES:AIM) gains 3.1% to 592.5p as it reports a 39% increase in its order book from the start of the September 2014 financial year ahead of today's AGM. The company says it is confident this year's numbers will be at least in line with market forecasts.
Medical testing device maker Omega Diagnostics (ODX:AIM) jumps 17.9% to 19.7p on the successful completion of its CD4 technology transfer project. The first in-field evaluations of its point-of-care HIV monitoring kit will start in Africa next month, opening up new revenues streams for the company.
Non-life insurer Lancashire (LRE) falls 5.1% to 716.2p on declining profits in 2013. It made $218.1 million, down from $236.8 million due to it writing less premiums and returned 65 cents to shareholders compared to 195 cents a year earlier. One high point was a healthy 29.5% net loss ratio – the size of its claims paid compared to the premiums it collected.
Back-up power technology company Acta (ACTA:AIM) is in demand after striking a development agreement with US fuel cells manufacturer ReliOn. The shares jump 8.5% to 6.38p reversing a difficult start to 2014 during which the stock had lost 30% of their value before today's news.
The market takes a dim view of the surprise walk-out of Lombard Risk Management's (LRM:AIM) finance director Paul Tuson. While he'll stick around to ensure a smooth handover to his successor, investors sell the shares nearly 3% lower to 12.5p.
Housebuilder and land developer Inland Homes (INL:AIM) adds 2.7% to 47p after the Amersham-based £92 million cap reports a strong performance in the first half of its financial year, delivering gross revenue of £12.7 million while land bank growth continued apace with approximately 650 plots on seven more sites since the group's last update in October.