Koovs PLC (LON:KOOV) shares have quickly fallen out of fashion, down 3% to 2.94p having began the day in positive territory.
While the India-focused online fashion retailer doubled its order value in the second quarter and saw visits to its website grow 69%, it continues to face funding uncertainty.
In July, an arm of retail giant Future Group agreed to purchase a 29.9% stake in the company for £6.5mln, but earlier this month the mighty sword of Indian bureaucracy was wielded by the Reserve Bank of India (RBI), forcing the investor to reapply for approval of the deal.
The AIM-listed company said that while Future has begun the reapplication process, it is considering other fundraising options.
Elsewhere, shares in United Utilities Group PLC (LON:UU.), Severn Trent PLC (LON:SVT) and Pennon Group PLC (LON:PNN) were all under water in Tuesday afternoon trading.
With a December general election looming, investors are getting out of these water companies because of Labours plans to renationalise key UK utilities if it gains power.
Also in the red are British Gas owner Centrica PLC (LON:CAN), SSE PLC (LON:SSE) and National Grid PLC (LON:NG.).
1.25pm: Director dealings boosts Gaming Realms, Rainbow RE
Investors took heart from director dealings at two different companies on Tuesday, with esports company Gaming Realms PLC (LON:GMR) and miner Rainbow Rare Earths Ltd (LON:RBW) both spiking.
Gaming Realms PLC (LON:GMR) powered up 20% to 7.95p after news that its chairman made a £100,000 purchase of shares.
The company announced that Michael Buckley upped his stake in the esports company to 9.5% as he snaffled another 2mln ordinary shares last Friday.
Meanwhile, Rainbow Rare Earths Ltds (LON:RBW) chief executive George Bennett and chairman Adonis Pouroulis both bought 5.5mln shares at a price of 3p per shares.
The directors spent £163,934 each, taking their combined stake in the mining company to 27.5%, which they said underlined their "commitment to, and confidence in, the company and the Gakara project".
Rainbow also reported that this month it had shipped a further 100 tonnes of concentrate grading at around 56% total rare earth oxides from Gakara, with very low levels of radioactive material.
The two nuggets of news combined to lift the shares 6% to 2.65p.
11.30am: Two Shields tops up two investments
Shares in Two Shields Investments PLC (LON:TSI) fell 14% to 0.125p after the technology and metals focused investor announced a £1mln share placing.
The AIM-listed company issued 1bn new ordinary shares to new and existing shareholders at 0.1p, a 28% discount to its previous closing price of 0.14p, plus one warrant for every two placing shares subscribed, exercisable at 0.2p for a period of twelve months.
The investor said it will put £400,000 towards its 11.34%-owned anti-counterfeiting software BrandShield, matched by the same amount invested in social network WeShop, which is an innovative, digital social network platform focused in which it already holds a 6.7% stake.
Way up in the FTSE 100, the big faller was oil supermajor BP PLC (LON:BP.), which is falling further as the session continues.
As well as reporting a swing to a loss in the third quarter, BP's CFO told analysts on a conference call that the company is unlikely to raise its 2019 dividend.
Brian Gilvary said hiking the payout now would be "premature" and if an increase does come in future, it is unlikely to be before Bernard Looney takes over from outgoing CEO Bob Dudley in February.
