STOCK WATCH

■ INVESTORS in Caspian Sunrise cheered after the oil and gas producer said its shareholders would be paid a dividend for the first time.

The group, which floated in the London in 2007, will hand out £1m next month.

Following the launch of its oil trading arm, Caspian Sunrise expects to earn more from selling its own production directly to international and domestic buyers once regulatory changes come into effect next year. Shares surged 44pc, or 1.1p, to 3.6p.