FTSE 100 starts quiet Thursday trading higher
London’s FTSE 100 was trading in positive territory through Thursday’s early deals, up 3 points changing hands at 7,624.
Naturally, sandwiched between the two public holidays trading volumes this week remain low.
There was no FTSE 100 constituent news of note, and baring a new contract award for Bgeo Group Plc (LON:BGEO) and an acquisition for the Tritax Big Box REIT (LON:BBOX) there was little to report for those in the FTSE 250.
Nonetheless, there were a couple of movers in the junior market.
Irish oil and gas explorers () and Plc () were boosted by potential new farm-out news for the Barryroe oil field – with a would-be partner signing an exclusivity deal in order to continue commercial negotiations.
Providence and Lansdowne shares rise, as Barryroe farm-out apparently moves closer – unnamed potential partner has signed for exclusivity, negotiations continue ahead of new 2018 drilling https://t.co/Bcj5WF1LnU
— Jamie Ashcroft (@JAshcroft1984) December 28, 2017
Lansdowne shares rocketed 40% on the news, whilst Providence advanced almost 8%.
TyraTech Inc () shares gained around 10% after the group confirmed its sale of the Vamousse branded hair lice treatment had now been approved by shareholders, at an AGM yesterday, and the US$17.5mln deal will now proceed with immediate effect.
The acquirer (), meanwhile, edged slightly higher in early deals.
“The completion of this acquisition provides Alliance a third International star brand with best in class technology,” said John Dawson, Alliance Pharma chief executive.