Market Report: Citigroup tips Aggreko for success in Brazil

Citigroup is tipping Aggreko to land contracts in Brazil, with the price of power in the country booming. A drought means hydro-electric plants in Brazil are struggling, and with the World Cup and elections looming, Marc Van't Sant at Citi thinks temporary power contracts are inevitable and the acquisition of Poit Energia in the region puts it in a strong position. Aggreko charged up 21p to 1702p.

Companies trading ex-dividend such as Sainsbury's, off 11.3p at 327.7p, and a sharp fall for ITV, 11.9p lower at 179.1p, held back the FTSE 100 for most of the day. But comments from the Bank of England's Governor, Mark Carney, in the afternoon helped traders to turn bullish again and the blue-chip index managed to post a second 14-year high in as many days, climbing 5.41 points to 6,878.49.

The microchip designer and Apple Computer supplier Imagination Technologies rose 17.2p to 215.5p, and to the top of the FTSE 250, after analysts at Jefferies met senior IT management and suggested that it had deals in the pipeline that could be "significant individual sums". The life insurer Prudential also increased its stake in the business to more than 10 per cent.

The online betting firm GVC Holdings announced a push into Scandinavia in a joint venture with Betit Securities. The deal, which will leave the dividend unchanged, boosted GVC's shares by 11.5p, to 434p.

The Aim-listed Velocys, which develops technology to convert gas into liquid fuel, surged to a 52-week high after Roman Abramovich, the owner of Chelsea Football Club, took his stake in the business from 3.5 per cent to 5.33 per cent. Shares in Velocys climbed 10p to 196.5p.

Trouble is afoot at the Hong Kong children's club operator LZYE Group. Shares were suspended on Aim yesterday; the chairman, Dominic Yeung, has also left. Last month, LZYE was defeated by investors in its bid to delist from the London Stock Exchange.

Shares in the US-focused Magnolia Petroleum crept up 0.05p to 1.31p, after it posted a 224 per cent increase in revenues to $2.4m (£1.4m).

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

SThree: Talent Acquisition Consultant

£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...

Recruitment Genius: Experienced Financial Advisers and Paraplanners

Negotiable: Recruitment Genius: This extremely successful and well-established...

Guru Careers: FX Trader / Risk Manager

Competitive with monthly bonus: Guru Careers: We are seeking an experienced FX...

Day In a Page

Seifeddine Rezgui: What motivated a shy student to kill 38 holidaymakers in Tunisia?

Making of a killer

What motivated a shy student to kill 38 holidaymakers in Tunisia?
Ajmer: The ancient Indian metropolis chosen to be a 'smart city' where residents would just be happy to have power and running water

Residents just want water and power in a city chosen to be a ‘smart’ metropolis

The Indian Government has launched an ambitious plan to transform 100 of its crumbling cities
How to stop an asteroid hitting Earth: Would people co-operate to face down a global peril?

How to stop an asteroid hitting Earth

Would people cooperate to face a global peril?
Just one day to find €1.6bn: Greece edges nearer euro exit

One day to find €1.6bn

Greece is edging inexorably towards an exit from the euro
New 'Iron Man' augmented reality technology could help surgeons and firefighters, say scientists

'Iron Man' augmented reality technology could become reality

Holographic projections would provide extra information on objects in a person's visual field in real time
Sugary drinks 'are killing 184,000 adults around the world every year'

Sugary drinks are killing 184,000 adults around the world every year

The drinks that should be eliminated from people's diets
Pride of Place: Historians map out untold LGBT histories of locations throughout UK

Historians map out untold LGBT histories

Public are being asked to help improve the map
Lionel, Patti, Burt and The Who rock Glasto

Lionel, Patti, Burt and The Who rock Glasto

This was the year of 24-carat Golden Oldies
Paris Fashion Week

Paris Fashion Week

Thom Browne's scarecrows offer a rare beacon in commercial offerings
A year of the caliphate:

Isis, a year of the caliphate

Who can defeat the so-called 'Islamic State' – and how?
Marks and Spencer: Can a new team of designers put the spark back into the high-street brand?

Marks and Spencer

Can a new team of designers put the spark back into the high-street brand?
'We haven't invaded France': Italy's Prime Minister 'reclaims' Europe's highest peak

'We haven't invaded France'

Italy's Prime Minister 'reclaims' Europe's highest peak
Isis in Kobani: Why we ignore the worst of the massacres

Why do we ignore the worst of the massacres?

The West’s determination not to offend its Sunni allies helps Isis and puts us all at risk, says Patrick Cockburn
7/7 bombings 10 years on: Four emergency workers who saved lives recall the shocking day that 52 people were killed

Remembering 7/7 ten years on

Four emergency workers recall their memories of that day – and reveal how it's affected them ever since
Humans: Are the scientists developing robots in danger of replicating the hit Channel 4 drama?

They’re here to help

We want robots to do our drudge work, and to look enough like us for comfort. But are the scientists developing artificial intelligence in danger of replicating the TV drama Humans?