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(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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Marston's PLC, up 6.6% at 32.09 pence, 12-month range 26.80p-45.68p. On Thursday, JPMorgan raises the pub operator's stock to 'overweight' from 'neutral' and up price target to 58p from 54p. Over the past five days, the stock is up 7.5%.
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Tullow Oil PLC, up 3.0% at 35.44p, 12-month range 21.82p-40.20p. The oil and gas explorer and producer announces final results of tender offer for 2025 loan notes. It says USD140.9 million of notes were tendered. Chief Financial Officer Richard Miller says: "2023 has been a transformative year for our balance sheet. Following the start-up of the Jubilee South East project earlier this year, we are now in a period of material free cash flow, with approximately USD800 million expected to be generated between 2023 to 2025."
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SMALL-CAP - LOSERS
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GCP Asset Backed Income Fund Ltd, down 2.8% at 62.60p, 12-month range 51.20p-87.00p. Shares continue to fall after difficult year so far. In the year-to-date, GCP shares have lost 27%.
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By Sophie Rose, Alliance News senior reporter
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