6th Jan 2025 10:32
(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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THG PLC, up 9.3% at 45.40 pence, 12-month range 38.98p-77.95p. The Financial Conduct Authority approves the transfer of its listing category to the equity shares (commercial companies) category. The transfer became effective on Monday, the e-commerce firm notes. This will make it eligible for FTSE UK index inclusion. THG previously had planned to move to the 'premium' listing segment in London, with Founder & Chief Executive Officer Matthew Moulding clearing the way to do so buy giving up his 'golden share' with its voting special rights back in 2023. Since then, the UK Financial Conduct Authority made changes to UK listing rules, creating the new categories.
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Gresham House Energy Storage Fund PLC, up 6.0% at 47.70 pence, 12-month range 36.90p-106.30p. The firm says it will reinstate dividends in 2025 once its current debt has been refinanced, as it adds the battery energy storage systems sector is "turning a corner". In a trading update setting out a three-year plan, the London-based fund investing in utility-scale BESS says its future dividend policy will focus on three smaller quarterly distributions with a "final larger payment linked to performance". Dividend payments were suspended in 2024 due to a volatile trading environment for BESS.
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SMALL-CAP - LOSERS
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Baillie Gifford Shin Nippon PLC, down 1.4% at 113.00p, 12-month range 101.55p-132.60p. The investor in small Japanese companies track Tokyo equities lower on Monday.
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By Eric Cunha, Alliance News news editor
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