4th Jun 2024 10:47
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Ceres Power Holdings PLC, up 6.5% at 232.00 pence, 12-month range 126.40p-444.80p. The Horsham, England-based developer of clean energy technology has been awarded a further contract for the second phase of its collaboration with oil and gas major Shell PLC. Ceres said it will cooperate in the design of a 10 megawatt solid oxide electrolyser module, for use in large-scale industrial applications such as synthetic fuels, ammonia and green steel. The module will be capable of producing green hydrogen at 36 kilowatt hours per kilogram. Ceres has been working with Shell since 2022.
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Atrato Onsite Energy PLC, up 1.9% at 68.25 pence, 12-month range 66.20p-87.40p. The renewable energy-focused investment trust has bought a fully operational portfolio of solar photovoltaic systems for a total consideration of GBP9.3 million. The portfolio includes three solar assets with a total capacity of 13 megawatts, with a 10-year average remaining contracted term.
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SMALL-CAP - LOSERS
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Liontrust Asset Management PLC, down 3.8% at 767.60p, 12-month range 519.00p-865.00p. London-based Liontrust, which focuses on long-term active management of investments, sees shares fall after reporting a decline in assets under management in April. It reported net outflows of GBP1.21 billion in the fourth quarter of its financial year, which ended on March 31. In the year-to-date, the stock is up 27%.
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By Holly Beveridge, Alliance News reporter
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