Source: Daily Mail, LondonOct.迷你倉 24--When the word 'transformational' is used by analysts to describe any corporate deal, you can bet your life that fund managers will then take a closer look. There was certainly a surge in APR Energy's share price after the power generation company announced a spectacular purchase from General Electric, which leaves the US industrial giant with a 17pc stake in the enlarged group.It closed 195p or 20pc higher at a record 1150p after buying GE's turbine rental business, the third largest player in the global power rentals business. APR is paying pounds sterling 194m, of which pounds sterling 154m is being satisfied by the issue of 15.5m new shares at pounds sterling 10 per share and pounds sterling 39m in cash.APR's buoyant chief executive John Campion said: 'The deal diversifies our revenue base, gives us exposure to new geographies and sectors, and enhances our natural gas footprint.'Shares in APR have soared 80pc since February's low. The recovery was triggered in March when it announced the biggest contract in its history, a 250-megawatt deal in Libya for its dual-fuel turbines.The Footsie blew a fuse as dealers took some cash off the table following weak Asian markets overnight. The close was 21.18 points off at 6,674.48. There was some disquiet about a spike in China's short-term money market rates amid growing concerns about rising bad loans among China's biggest banks.Wall Street fell 67 points at the outset on fears that the People's Bank of China could decide to raise interest rates. Quarterly figures from Caterpillar also disappointed.Turnover in insurance group RSA swelled to almost four times the daily average to more than 48m as takeover speculation intensified. The shares rose 3.1p to 127p on continuing talk of a possible pounds sterling 6.6bn or 180p-a-share cash offer from rival Aviva, 0.5p dearer at 438.9p.Home banks came on offer after the European Central Bank said it would start to review the balance sheets of 130 institutions across Europe. Royal Bank of Scotland ? 81pc owned by the UK taxpayer and already in the doghouse this week on fears of a good-bank, bad-bank split ? shed 9.9p more to 352.1p. Barclays cheapened 4.4p to 268.2p.Buying on the back of a booming UK housing market, housebuilder Persimmon climbed a further 29p to 1256p.A Galvan Research recommendation helped broadcaster ITV feature a gain of 2.9p to 195p. It is a geared play to general UK economic recovery, but should also receive additional revenues from the World Cup in Brazil next year.UBC Media, the multimedia content and services comself storageany, soared 2.5p or 65pc to 6.4p after reporting growth at its London-based audio social network Audioboo. Registered users have increased from 600,000 to more than 1.7m in the past year and at an average pace of 5,000 new users a day.Confirmation of the appointment of Andria Vidler as chief executive from November 4 left Centaur Media underwhelmed at 51.75p, down 0.75p. It follows Tuesday's revelation that Geoff Wilmot is not proceeding with a bid for the company. Broker Peel Hunt is a seller with a target price of 45p because of continued uncertainty over direction.A Shore Capital sell recommendation following the third-quarter figures dragged International Personal Finance 45.5p lower to 623p. The broker reckons there is no real income support with a 2013 dividend yield of only 1.4pc.Zotefoams slipped 10.5p to 180.5p after seeing an unexpected shortfall in shipments to some European polyolefin customers in the third-quarter. Investec slashed its full-year pre-tax profit forecast to pounds sterling 4m from pounds sterling 5.8m. A profits warning left OMG 0.62p lower at 28.75p. The computer image company said that full-year profits would be lower than previous expectations after its film and gaming division suffered challenging trading conditions. Pre-tax profits for the year to end-September would be pounds sterling 3m instead of analyst expectations for pounds sterling 3.9m.Buying fuelled by revived takeover hopes lifted biotech company Angle 9p to 91.5p. An industry giant would probably like to get its hands on its Parsortix non-invasive cancer diagnostic product which already has a patent in America.Deltex Medical added 1.25p to 16.62p after announcing its second generation Doppler monitoring technology has been approved by the US Food & Drug Administration.Attempts by Quixant to reassure investors that it knows of no reason for the recent decline in the share price failed to stop the rot. The firm, which provides specialised computing platforms for casino gaming and slot machine applications, fell 4.5p to 116p.___Buyers chased HaloSource 4.25p higher to 17p on hearing that three directors, including chief financial officer James Thompson, had bought 40,000 shares each at around 15p a pop. The US-based clean water and antimicrobial technology company has four divisions: drinking water, recreational water, environmental water and coatings. It recently won a lucrative contract with Morf India.Copyright: ___ (c)2013 Daily Mail (London, ) Visit the Daily Mail (London, ) at .dailymail.co.uk/home/index.html Distributed by MCT Information Services迷利倉
- Oct 25 Fri 2013 08:45
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Daily Mail, London, market report column
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