27th May 2022 10:21
(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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Gym Group PLC, up 4.0% at 207.00 pence, 12-month range 176.40p-317.50p. The stock climbs on the expectation leisure spend will be boosted by windfall tax measures announced by UK Chancellor Rishi Sunak, designed to help with soaring living costs in the UK.
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Manchester & London Investment Trust PLC, up 2.5% at 357.10 pence, 12-month range 343.69p-638.00p. The investor tracks the US tech sector higher. On Thursday, the tech-heavy Nasdaq Composite climbed 2.7%. Among M&L's holdings are e-commerce firm Amazon.com Inc, streaming service Netflix Inc and consumer electronics and software maker Microsoft Corp.
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SMALL-CAP - LOSERS
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EnQuest PLC, down 7.8% at 30.10p, 12-month range 16.76p-37.35p. The North Sea and Malaysia-focused oil and gas company falls on windfall tax-related worries. Among the measures announced by Sunak includes an energy profits levy, a 25% surcharge on the "extraordinary profits" oil and gas companies are enjoying. But also announced is a "generous allowance" designed to reward oil and gas firms who invest in the UK, the chancellor says.
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By Eric Cunha; [email protected]
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