Wiseman rises after latest buyback

Published on Wednesday 7 January 2009 20:32

SCOTS STOCKS

ROBERT Wiseman Dairies gained 5p yesterday after news that the East Kilbride-based company had bought another 100,000 shares for cancellation. In the latest in a series of such moves, the firm appears intent on setting a floor price for shares at about 300p. Following the announcement Wiseman rose 1.7 per cent to 305p.

Axis-Shield treaded water for much of yesterday before closing down 2.5p at 310p, despite revealing a 26 per cent rise in 2008 revenue, boosted by currency movements. Meanwhile, Aberdeen Asset Management continued to slide back from gains made on the back of its recent purchase of Credit Suisse assets, with fresh news that chief executive Martin Gilbert had sold almost 1 million worth of shares. Now Britain's largest listed asset manager, the group shed 6p to 118p.

On Aim, Faroe Petroleum, which rose 30 per cent on Tuesday after announcing success in a North Sea well, gave back some of the gains despite outlining its short-term plans for drilling in the Norweigian North Sea. Faroe closed down 3p at 69.25p.

Havelock Europa, the shop and schools refitter, continued its gains of recent days, closing up 7.5 per cent at 43p, while Omega Diagnostics was unchanged on 19p despite analysts at Teathers reiterating their "buy" recommendation.

IndigoVision rose 5p to 295p. Shares in the Edinburgh digital CCTV company have been rising steadily since late December when chief executive Oliver Vellacott made optimistic comments that the security market could grow in a recession.