(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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James Fisher & Sons PLC, up 7.5% at 266.70 pence, 12-month range 238.72p-427.50p. The marine services firm says it has agreed to sell RMSpumptools for GBP90 million to ChampionX UK. The company says the sale is in line with its strategy to simplify and focus its portfolio through the sale of non-core assets. Chief Executive Jean Vernet comments: "The sale of RMS marks a significant step in simplifying our portfolio to further strengthen our financial position and create a platform for sustained recovery. We believe the transaction represents good value for our shareholders, reflecting RMS's strong performance in recent years."
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STV Group PLC, up 4.5% at 236.11p, 12-month 175.00p-264.00p. On Thursday, STV confirmed the renewal of its Channel 3 licences for the north and central regions of Scotland. The television broadcaster and content producer said that after agreeing to new financial terms with regulator Ofcom, it has extended its licenses for another ten years starting January 1, 2025. On Wednesday, ITV also had said it agreed to the same 10-year term for each of its 13 regional Channel 3 licenses, running to the end of 2034. STV Chief Executive Officer Simon Pitts said: "We welcome the renewal of our licences, which provides us with the certainty to continue to invest in our business for the long term, while ensuring continued delivery of valued public service broadcasting."
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SMALL-CAP - LOSERS
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Pharos Energy PLC, down 7.2% at 19.02p, 12-month range 18.05p-25.00p. The oil and gas exploration and production company falls, after slow start to 2024. In the year-to-date, the stock is down 15%.
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By Sophie Rose, Alliance News senior reporter
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James Fisher and Sons (FSJ)
Stvg (STVG)
Pharos Energy (PHAR)