21st Mar 2025 10:39
(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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Blencowe Resources PLC, up 8.9% at 3.43 pence, 12-month range 3.00p-6.50p. Uganda's National Environmental Management Authority approves a revised environmental, social, impact assessment for the Orom-Cross graphite project. "Following the company's enlarged development strategy in 2024, the size and scale of the project has been expanded significantly, with substantial changes enhancing both environmental and social aspects. This required a comprehensive review of the previously approved ESIA to reflect updated production scope and sustainability commitments and formed part of the ongoing broader definitive feasibility study," Blencowe adds.
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Eurocell PLC, up 2.8% at 159.34p, 12-month range 110.00p-191.00p. Eurocell extends gains after a 6.9% advance on Thursday. The manufacturer, recycler and distributor of window, door and roofline PVC products on Thursday said pretax profit in 2024 increased 18% to GBP13.8 million from GBP11.7 million in 2023, despite revenue falling 1.8% to GBP357.9 million from GBP364.5 million.
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SMALL-CAP - LOSERS
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Ceres Power Holdings PLC, down 9.2% at 65.00p, 12-month range 58.05p-312.00p. Ceres expects little in the way of revenue progress this year. It predicts 2025 revenue will be "broadly similar to 2024". The clean energy technology developer reports a pretax loss of GBP25.9 million for 2024, slimming from GBP53.6 million in 2023. Revenue more than doubles to GBP51.9 million from GBP22.3 million. In February, Germany's Bosch announced plans to discontinue some work in the solid oxide fuel cells space and exit its minority holding in Ceres Power. Ceres says on Friday: "The termination of the Bosch contract on 20 February, while disappointing, will have limited financial impact in the low single digit millions of euros for 2025."
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By Eric Cunha, Alliance News news editor
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Related Shares:
EurocellCeres PowerBlencowe Resources