9th Aug 2022 10:30
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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RPS Group PLC, up 74% at 203.50 pence, 12-month range 83.55p-205.00p. GBP564.7 million. It has agreed to be bought out by Toronto-listed consultancy firm WSP Global Inc in a deal worth GBP591.1 million. WSP will buy professional services firm RPS for 206 pence per share, in cash. RPS currently has a market capitalisation of GBP564.7 million.
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Independent Investment Trust PLC, up 14% at 460.51 pence, 12-month range 385.00p-609.38p. The Edinburgh-based investment trust agrees terms for a merger with FTSE 250-listed Monks Investment Trust PLC. Under the proposed combination, Independent Investment Trust shareholders will be offered the rollover option to receive new shares in Monks, or the cash option to realise part, if not all, of their holdings in the trust for cash.
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Zotefoams PLC, up 12% at 275.00 pence, 12-month range 241.00p-471.00p. The manufacturer of industrial plastics says revenue in the six months to June 30 climbs 23% year-on-year to GBP59.0 million from GBP48.2 million. Pretax profit rises 42% to GBP5.7 million from GBP4.0 million.
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SMALL-CAP - LOSERS
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Asia Dragon Trust PLC, down 3.0% at 427.00p, 12-month range 402.50-536.00p. The stock struggles as tensions between Taiwan and China continue. Taiwan held a drill on Tuesday which simulated a defence against an attack. In addition, its top diplomat Joseph Wu accused China of preparing for an invasion. Asia Dragon invests in the Asia Pacific region, with the exception of Japan and Australasia. Holdings include Taiwan Semiconductor Manufacturing Co Ltd, whose shares fell 0.4% in Taiwan on Tuesday, and Tencent Holdings Ltd, which lost 0.5% in Hong Kong.
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By Eric Cunha; [email protected]
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