15th Dec 2025 10:30
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Hydrogen Utopia International PLC, up 13% at 3.05 pence, 12-month range 1.00p-3.82p. Secures a 10-year exclusive operational licence from US-based InEnTec Inc to deploy its PEM Melter gasification technology across the Middle East and North Africa. The licence gives HUI sole rights to build, operate and scale the technology in the region, positioning the company to pursue large-scale waste-to-hydrogen projects, particularly in Saudi Arabia and the wider Gulf. The company says the agreement marks a strategic shift away from small or pilot projects towards full-scale industrial infrastructure, targeting decarbonisation in heavy industries such as steel and cement.
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Technologies New Energy PLC, up 8.3% at 32.5p, 12-month range 5.5p-32.5p. Signs a strategic agreement with Data District Inc to support the development of more than 1 gigawatt of AI-optimised data centre capacity in Alberta, Canada. Under the agreement, TNE supports Data District on strategy, supply chain and delivery for next-generation, AI-ready data centres in the Edmonton and Calgary regions. The initial pipeline exceeds 1GW, with phase 1 comprising around 240 megawatts across four projects and a development budget of about EUR780 million. Initial operations are targeted from 2026. Data District, a division of Swiss asset manager Alcral AG, develops large-scale data centre projects across Alberta's industrial clusters. TNE says the agreement aligns with accelerating demand for high-density data centre capacity driven by AI and hyperscale computing, where secure power availability is a critical constraint. TNE Chief Executive Officer says: "Our agreement with Data District represents a major step forward in TNE's strategy to accelerate the build-out of energy and infrastructure critical to the global AI and data centre economy. Power availability is emerging as the key constraint for AI growth, particularly for AI workloads running on Nvidia Corp hardware, and our scalable generation capability can support the rapid rollout of high-density data centre infrastructure."
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SMALL-CAP - LOSERS
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TT Electronics, down 14% at 113.6p, 12-month range 73p-154p. Asset management firm DBAY Advisors, which owns just under 25% of TT Electronics, says it will not make an offer for the company ahead of Monday's deadline, confirming it will instead vote against the agreed takeover by Switzerland's Cicor Technologies. The decision follows DBAY's earlier move to explore a rival bid, having labelled Cicor's 150p-per-share offer "unattractive". The UK takeover panel had required DBAY to declare its intentions after TT Electronics delayed a shareholder vote on the Cicor deal to December 22, Monday next week, giving investors more time for talks. DBAY says it is now bound by rule 2.8 of the takeover code, preventing it from making an offer, but adds that it reserves the right to return if circumstances change, including if Cicor's bid lapses or if a third party makes an approach.
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By Eva Castanedo, Alliance News reporter
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Tech New EnergyHydrogen UtopiaTt Electronics