Sausage casing maker Devro has acquired collagen expert PV Industries in a deal that could pay more than 13.5m.
Asos'schief operating officer, Nick Beighton, who has been promoted or perhaps demoted from finance director after three profit warnings in the last seven months, increased his skin in the game with a significant share purchase on Wednesday morning after the company unveiled final results.
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating.
Acal: FinnCap initiates with a target price of 322p and a buy recommendation.
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation.
A round-up of the biggest director deals today so far.
Aureus Mining: FinnCap lowers target price from 66p to 62p maintaining a buy recommendation.
Anglo American: Nomura reduces target price from 1550p to 1475p and retains a neutral rating.
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p.
Food producer Devro has appointed Gerard Hoetmer, Chief Executive Officer of bio-based products firm Corbion, as Chairman of the group.
Telecity has dealt investors quite a bit of volatility of late, as the stock fell victim to the sometimes wild gyrations in market sentiment. At the start of the year it dropped massively after it said it would be investing in sales and marketing. Yesterday the shares jumped 15 per cent after reporting improved organic growth. The company is an attractive bet on the continued expansion of so-called 'cloud services' and 'rich content' via mobile phones and tablets.
As is often the case, what upon first inspection appears to be attractive turns out not to be quite so when looked at in greater detail. That has turned out to be the case with the proposed merger between Premier Oil and Ophir Energy. The quandary facing the former is that it needs large amounts of cash to proceed with the development of the Sea Lion oilfield off the Falkands. Unfortunately, Ophir also needs considerable resources to see its investments off the east African coast reach completion. Then there is the matter of Premier Oil's Chief Executive, Simon Lockett, for whom the firm is now looking for a successor.
Credit Suisse has downgraded its rating for Diageo from 'outperform' to 'neutral', saying that challenges are mounting at the drinks group.
N+1 Singer has maintained a 'sell' rating for Devro after the sausage skin maker effectively delivered a profit warning on Monday.
Volumes and prices expected to be flat in 2014; Manufacturing streamlining plans brought forward; Expects volumes and prices to be flat in year ahead
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation.
Advanced Medical Solutions: Investec ups target price from 97p to 121p and keeps a buy recommendation.
Perform Group was retreating from recent gains which followed its full-year results, which saw the sports media group surge on turnaround hopes after a seven per cent fall in earnings per share in 2013.
Soco International beat its own 2013 oil and gas production volume guidance, pumping just shy of 17,000 barrels of hydrocarbons per day.
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p.