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DCD MEDIA PLC (DCD.LN), an independent TV production and distribution group, Monday said it has taken on the brand, assets and senior management of U.K. post production company Sequence Post-Production Ltd., adding a new activity to the range of its television production businesses.
DCD said Sequence, whose clients include Tiger Aspect, Sky, BBC Sport, Top Gear Live and DCD Media, met with a difficult situation toward the end of 2011 and was unable to continue funding the business independently.
At 1530 GMT shares +2 pence, or 32%, at 6.75 pence.
FIDESSA PLC (FDSA.LN), a trading software supplier, said it expects growth to slow in 2012 as tough conditions continue, with some of the companies it serves either failing or consolidating.
Chief Executive Chris Aspinall told Dow Jones Newswires that the expected uptick in 2011 didn't occur, but pointed to the company's ability to continue growing in spite of consolidation among its clients.
Shares -75 pence, or 4.4%, at 162.2 pence.
HIGHLAND GOLD MINING LTD. (HGM.LN), a Russia-focused gold producer, said that BARRICK GOLD CORP. (ABX) has decided to sell its 20.4% stake in the company, as it no longer considers it core to its business operations and strategy.
Barrick, however, remains supportive of Highland's board and management as they continue to execute on Highland's growth objectives, Highland said.
Shares -8 pence, or 4.5%, at 162.5 pence.
ORMONDE MINING PLC (ORQ.DB), a Spain-focused metals explorer, said the definitive feasibility study for its Barruecopardo tungsten project in western Spain is complete and the results will be ready by late February, allowing the company to progress ongoing funding talks.
The study offers a detailed technical, economic and market assessment of the project for management.
Shares -0.9% at 10 euro cents.
ALEXANDER DAVID SECURITIES GROUP PLC (ADS.LN) said it has agreed to buy Bridge Hall Stockbrokers Ltd. for GBP30,000, despite warning that it expects to show a "modest loss" for 2011 due to a continued slowdown in its markets.
"This loss is due to a number of factors but the main reasons include reduced trading volumes and a smaller number of corporate transactions in the last five months of the year. Market conditions have also led to delays in completing corporate transactions," it said.
Shares -19% at 0.15 pence.
GLOBO PLC (GBO.LN), a mobile telecom firm, has bought U.S.-based telecom technologies firm Dialect Technologies Inc. for $800,000, establishing itself in the "strategically important U.S. market."
Dialect has developed proprietary voice over Internet protocol and mobile telephony technologies which, when integrated into Globo's products, will strengthen the group's offering, Globo said.
Shares +1 pence, or 2.1%, at 24.5 pence.
AFRICAN MINERALS Ltd. (AMI.LN), a Sierra Leone-focused miner, came a step closer to receiving $1.5 billion in funding for its Tonkolili iron ore project from Chinese state-owned Shandong Iron and Steel Group after the China National Development and Reform Committee approved the investment.
African Minerals said remaining Chinese government approvals are expected shortly.
Shares +38 pence, or 6.9%, at 564 pence.
CIRCLE OIL PLC (COP.LN) said it has successfully commissioned its new gas pipeline in the Rharb Basin permits in northern Morocco, delivering about 3.18 million cubic feet of gas a day to local industry by March, double its current rate, and boosting revenue.
Chief Executive Chris Green said: "Circle and its partner have now begun to significantly increase gas supplies and associated revenues as the next step in further exploiting our Rharb acreage."
Shares flat at 23.125 pence.
FTSE UK Small-Cap +0.49%
-By Iain Packham, Ian Walker and Rory Gallivan, Dow Jones Newswires; +44 (0) 20 7842 9269; email@example.com