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“Blue-chips were in negative territory in lunchtime trading after the UK’s latest unemployment figures showed the jobs market starting to cool. Total employment was flat in the three months to October whereas it has been rising strongly before the Brexit vote,” says AJ Bell Investment Director Russ Mould.
“Plant Health Care’s shares jumped after it signed four new commercial distribution agreements, which reflect further progress in driving sales growth. The group has built compelling evidence on the effectiveness of products based on its patented Harpin technology over the past three years. Plant Health Care’s shares were up by more than 50.4% in lunchtime trading.
“TP Group was a double-digit riser after it confirmed that full-year earnings will be significantly ahead of market forecasts while recent contract wins and a strong order pipeline mean the outlook for 2017 is materially ahead of current expectations. The specialist services and engineering group has made excellent progress during the year, capturing a number of new strategic orders and generally increasing margins across the business. TP Group’s shares were up by over 17%.
“Burford Capital led the AIM board on its agreed takeover of GKC Holdings, the parent of Chicago-based Gerchen Keller Capital. Burford and GKC are the two largest litigation finance players in the world and together the firms have committed more than $2 billion to investments. Burford’s shares were up by more than 13.5%.”
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