11th Apr 2025 10:52
(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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Helical PLC, up 4.0% at 181 pence, 12-month range 171.4p-247.5p. The London-focused property developer releases a trading update for the period from October 1 to April 10. Chief Executive Matthew Bonning-Snook says this was "a period of significant activity across the portfolio", including the sale of its 50% share in The JJ Mack Building, which had a "positive impact on our finances as it released sufficient cash to ensure the equity requirements of our development pipeline were fully funded". Helical has also "made progress across the whole of its development pipeline", including a GBP125 million development financing agreement with HSBC for 10 King William Street, and securing planning approval for a student accommodation scheme and further planning consent to improve amenities at a Paddington asset. Also on Friday, Helical says it and a vehicle managed by Orion Capital Managers have exchanged contracts with an undisclosed party for the forward sale of Helical Bicycle 3 Ltd, which owns 100 New Bridge Street in London, to an unnamed S&P 500 business. Says the sale will complete on practical completion of the building, which is expected in April 2026.
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PureTech Health PLC, up 9.1% at 112.4p, 12-month range 103p-237.5p. Citigroup Inc has a 5.02% stake in the Boston, Massachusetts-based biotechnology company as of Tuesday, including 4.62% of voting rights attached to shares and 0.40% through financial instruments, up from no stake reported.
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By Emma Curzon, Alliance News reporter
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