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SMALL-CAP WINNERS & LOSERS: Go-Ahead suitor pulls out; Costain rises

21st Jul 2022 10:28

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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Costain Group PLC, up 6.2% at 41.96 pence, 12-month range 32.05p-64.89p. The construction firm piles on the gains after a 14% climb on Wednesday. The stock rose on Wednesday after it said it expects interim and full-year revenue ahead of expectations in 2022.

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Oxford BioMedica PLC, up 3.0% at 486.50 pence, 12-month range 414.00p-1,678.00p. The gene and cell therapy firm said it has expanded a license and clinical supply agreement with Juno Therapeutics Inc, part of blue-chip pharmaceutical company Bristol Myers Squibb Co. The deal is related to the development of two new viral vector programmes Bristol Myers Squibb's CAR-T therapies. CAR-T therapies work by removing T-cells - those charged with protecting against disease - from the body and modifying them to get better at finding and killing cancer cells.

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SMALL-CAP - LOSERS

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Procook Group PLC, down 5.3% at 36.00p, 12-month range 30.60p-166.00p. Shares in Procook look set for a second successive slide with the pots and pans maker's stock now down 76% so far this year. Confidence in the Main Market listing has weakened amid a profit warning and wider cost of living worries.

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Go-Ahead Group PLC, down 3.0% at 1,484.00p, 12-month range 450.60p-1,668.00p. Suitor Kelsian says it will not table a bid for the transport operator, citing "volatile" equity markets in Australia, where it is listed. Go-Ahead re-affirmed its support for a GBP647.7 million takeover from a consortium consisting of Kinetic Holding Co Pty Ltd and Globalvia Inversiones SAU.

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By Eric Cunha; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


Related Shares:

Oxford BiomedicaCostainGOG.LProcook Grp
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