The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Marston’s PLC, up 6.6% at 32.09 pence, 12-month range 26.80p-45.68p. On Thursday, JPMorgan raises the pub operator’s stock to ’overweight’ from ’neutral’ and up price target to 58p from 54p. Over the past five days, the stock is up 7.5%.
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Tullow Oil PLC, up 3.0% at 35.44p, 12-month range 21.82p-40.20p. The oil and gas explorer and producer announces final results of tender offer for 2025 loan notes. It says $140.9 million of notes were tendered. Chief Financial Officer Richard Miller says: ‘2023 has been a transformative year for our balance sheet. Following the start-up of the Jubilee South East project earlier this year, we are now in a period of material free cash flow, with approximately $800 million expected to be generated between 2023 to 2025.’
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SMALL-CAP - LOSERS
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GCP Asset Backed Income Fund Ltd, down 2.8% at 62.60p, 12-month range 51.20p-87.00p. Shares continue to fall after difficult year so far. In the year-to-date, GCP shares have lost 27%.
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