(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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Scottish Investment Trust PLC, up 7.1% at 806.20 pence, 12-month range 657.31p-847.2p. After mulling proposals received after review of its investment management arrangements, says it was "particularly impressed" by the investment strategy that JP Morgan Asset Management deploys for the benefit of JPMorgan Global Growth & Income PLC. Concludes that benefits of combination with JCCI to form enlarged firm with net assets in excess of GBP1.2 billion would represent "most compelling" outcome.
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JPMorgan European Investment Trust PLC, Income shares up 3.2% at 157.37p, 12-month range 107.44p-161p. Growth shares up 0.6% at 366.2p, 12-month range 254p-375p. Decides that it would be in best interests of shareholders to consolidate dual share class structure into single class one. "The investment objective and investment policy of the new ordinary shares will be the same as that of the company's Growth shares, reflecting the board's confidence in the Investment Manager's strength and depth of team, as well as its track record," it says.
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By Lucy Heming;Â lucyheming@alliancenews.com
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JPMorgan Global Growth & Income (JGGI)