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The company’s ambitions to become a major player in the European iron ore sector are likely to be reinforced by drilling analysis expected shortly.

African conglomerate Lonrho rose 2p to 14¼p on heavy volume, with traders suggesting that fund managers were being won over by recently appointed broker Panmure Gordon talking up the

company’s prospects.

Luxury brand Mulberry Group added 27½p to 425p after it said annual sales and profits would be well ahead of expectations after stronger-than-expected recent trading. Cluff Gold eased 2½p to

110½p on profit-taking after a strong recent run, despite vague talk that predators were circling again following the breakdown of offer talks in the summer.

African Eagle Resources climbed ½p to 5.13p on the back of a positive resource update for its Dutwa nickel project in Tanzania, while healthy trading updates boosted security software outfit

Intercede Group 6p to 48½p and tile and shower maker Norcros ¼p to 11p.

Antrim Energy firmed 8p to 70½p as investors warmed to a joint venture with Premier Oil to look at developing its Fyne asset in the UK North Sea.

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