QinetiQ Group (QQ.) shares ticked up 8.22% to 347.4p following strong trading performance 

The engineering firm said it has delivered a strong performance during its fourth quarter to 31 March 2021 following the ‘continued disciplined execution’ of the company’s strategy. 

As a consequence, the Group unveiled that it expects its results for the full year to 31 March 2021 to be above its previous guidance as well as above market consensus expectations. 

It expects full year underlying operating profit margin percentage to be modestly ahead of that delivered in the first half, resulting in underlying operating profit for the year of at least £147m.  

The Company highlighted to investors that it is retaining its medium to long-term guidance. The Group said it is targeting mid-single digit percentage compound annual organic revenue growth over the next 5 years, with strategic acquisitions further enhancing this growth.  

Live Company Group (LVCG) soars again by 32% to 8.25p as it prepares for recovery in UK and US  

In a business update, the live events and entertainment firm said it is “well-positioned” to take advantage of the expected upturn in the sector in the second half of 2021 and 2022.   

It said this is particularly the case in the UK and USA which are leading the global recovery.  

“Not only did we manage to survive this turbulent period but we added an additional division to the Company giving us the opportunity to diversify revenues and reduce overheads,” Chairman David Ciclitira told investors in regard to 2020 performance.  

Revenue across its two divisions is expected to be around £0.5m in 1Q21 with around half of this coming from the Live Company Sports and Entertainment division and the other from Bricklive. At present, any substantial turnover is not expected until Q3/Q4, it said.  

Rambler Metals and Mining (RMM) shares rose 14.02% to 0.468p as it closes transaction 

The copper and gold producer closed its previously announced transaction with Maritime Resources Corp. on Tuesday to sell the idle gold processing circuit at Nugget Pond and the non-core gold assets acquired as part of the 2016 acquisition of Thundermin Resources.  

Rambler highlighted to investors that its main objective remains the turnaround of the Ming Mine operations as a platform for expansion and the future growth of its highly prospective mineral properties including Little Deer deposit in the Baie Verte region of Newfoundland.  

Immotion Group (IMMO) jumped 13.89% to 6.15p as its Uvisan division wins supply contract 

The immersive entertainment company its Uvisan division has entered into an agreement with Aardman Animations, a multi award-winning animation studio behind Wallace & Gromit and Shaun the Sheep, to supply the Group with UV-C disinfection cabinets.  

Uvisan's UV-C disinfection cabinets, which form part of the division’s disinfectant product line which utilise the power of UV light, will be used by Aardman at its production studios. 

Along with the sales to Aardman, the Company said it has now sold cabinets into a number of different sectors and high-profile clients including in education within certain schools and universities, in healthcare (including NHS trusts) and a number of other corporate sectors. 

Airtel Africa (AAF) shares fell 10.55% to USD75.825 following share placing 

Shares in the British telecommunications company fell on Wednesday afternoon after an institutional seller, whose name remains undisclosed, sold a 1.3% stake in the company.  

The placing was conducted through an accelerated bookbuild and is expected to settle on 16 April. The seller is said to have placed 50 million shares of Airtel Africa at 75p each.