Wiseman proves it still has the white stuff as its shares bounce back

SCOTS STOCKS

ROBERT Wiseman bounced back from recent weakness on the back of strong broker reaction to yesterday's trading statement. Panmure Gordon changed its rating on the shares to "buy", while house broker Investec maintained its "buy" rating despite cutting the target price by 50p to 520p. Shares reacted positively, adding almost 5.6 per cent to 451.5p.

Scottish & Southern Energy, meanwhile, was on the back foot despite positive reaction to Wednesday's trading statement, while the company also decided its shares were good value. Merrill Lynch and SG Securities both advised clients to buy the shares yesterday, while, after trading closed, SSE revealed it had bought 200,000 shares for cancellation. But shares lost their spark, dropping 10p to 1,410p.

The most dramatic fall came from Wolfson Microelectronics after it revealed the loss of business from a major customer, understood to be Apple. Down 30 per cent at one point, shares closed off 18 per cent at 116.5p.

Aberdeen Asset Management added 9.2 per cent to 140p on the day it completed the acquisition of German property business DEGI.

Dana Petroleum also continued its recovery after falls last week. Yesterday, it added 4 per cent to 1,225p.