SMALL-CAP WINNERS & LOSERS: European Assets Trust rises on tie-up

Mon, 23rd Jun 2025 10:43

(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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European Assets Trust PLC, up 2.7% at 90.41 pence, 12-month range 67.00p-90.53p. FTSE 250-listed European Smaller Cos Trust PLC and European Assets Trust agree to a tie-up. The deal will create a trust with net assets of around GBP780 million. Under the terms of the deal, shareholders in European Assets Trust will be entitled to receive new shares in European Smaller, or cash. The cash portion is limited to 15% of European Assets shares. The enlarged European Smaller will remain managed by Janus Henderson. European Smaller currently invests in smaller and medium-sized companies which are "quoted, domiciled, listed or have operations in Europe", excluding the UK. European Assets Trust also invests in small and medium-sized European companies. It is managed by Columbia Threadneedle.

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Tullow Oil PLC, up 2.8% at 18.60 pence, 12-month range 11.00p-34.00p. Shares in the Africa and South America-focused oil and gas development company track Brent higher. Brent trades at USD77.30 on Monday morning, from USD76.49 late Friday. It had traded as high as USD79.31 earlier Monday, as the market reacted to US strikes on Iran.

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SMALL-CAP - LOSERS

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Gulf Marine Services PLC, down 4.0% at 19.40p, 12-month range 14.15p-21.95p. The Abu Dhabi-based provider of self-propelled and self-elevating support vessels for the offshore energy sector is down 11% since the armed conflict between Israel and Iran began.

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By Eric Cunha, Alliance News news editor

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