(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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U&I Group PLC, up 72% at 148.16 pence, 12-month range 55p-149.5p. FTSE 100-listed Land Securities agrees to buy fellow UK property developer U&I in deal worth GBP190 million. LandSec offers 149p per U&I share, representing a 73% premium to Friday's closing price of 86p. The deal has been unanimously endorsed by U&I directors, LandSec says. U&I provides access to a pipeline of mixed-use development schemes, LandSec says, of which two are well-progressed through planning. LandSec said it believes that it can accelerate the pace of development of these two. LandSec shares rise 1.0%.
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JPMorgan Japan Small Cap Growth & Income, up 2.4% at 519.10p, 12-month range 460p-616p. The investor in smaller Japanese companies rises after strong local session, which saw the Nikkei 225 jump 2.6% after results showed Japan's ruling Liberal Democratic Party, together with its coalition partner Komeito, has defended its majority in the country's lower house of the national parliament, despite seeing some losses. Fidelity Japan Trust PLC rises 2.0%.
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SMALL-CAP - LOSERS
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Senior, down 3.1% at 155.3p, 12-month range 48.2p-186.71p. Barclays cuts the firm, which makes components for aerospace, defence and energy clients, to Underweight from Overweight. "Although [narrow-body] rates appear poised to recover, in our view 787/MAX rates will be slower to ramp than expected," Barclays says.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Fidelity Japan Trust (FJV)
Senior (SNR)
Jpm Jap Sml G&i (JSGI)