12th Jul 2024 09:43
(Alliance News) - 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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Chrysalis Investments Ltd, up 3.0% at 85.73 pence, 12-month range 52.38p-95.30p. Artificial intelligence firm Graphcore has been bought by Tokyo-based investment firm SoftBank Group in its latest move to cash in on the next-generation technology. Chrysalis Investments expects to receive about USD56.0 million from the sale of its holding in Graphore. "The investment adviser has been clear that this was one of the riskier positions in the portfolio: one that offered a play on the rise of the, at the time, nascent AI market, but where the downside protection of the company's position in the capital structure offered a way of defraying that risk," Chrysalis says.
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SMALL-CAP - LOSERS
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DFS Furniture PLC, down 3.5% at 110.75p, 12-month range 95.00p-154.80p. The living room furniture retailer appoints Bruce Marsh as independent non-executive director, starting August 1. Marsh is the chief financial officer of electronics retailer Currys PLC, prior to which he worked at supermarket chain Tesco PLC and DIY retailer Kingfisher PLC. "His significant retail experience as the CFO of Currys PLC is directly relevant to DFS's strategy," comments DFS Chair Steve Johnson. "His extensive experience leading finance teams, mainta ining robust financial controls and improving planning and performance, for 'big ticket item' retailers will bring valuable experience and insight to the board."
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By Sophie Rose, Alliance News senior reporter
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