(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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Capital & Regional PLC, up 6.6% at 60.00 pence, 12-month range 42.00p-66.18p. The London-based real estate investment trust focused on community shopping centres makes headway after a slow start to 2023. In the year-to-date, Capital & Regional's stock is up just 3.5%. Over the last twelve months, it is down 4.5%.
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SMALL-CAP - LOSERS
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Nanoco Group PLC, down 23% at 28.50p, 12-month range 16.05p-72.60p. Manchester, England-based Nanoco draws line under a long-running legal battle with Samsung Electronics Co. It says it will receive USD150 million cash to paid in two equal tranches and it will retain over USD90 million net proceeds after litigation costs. Nanoco, a quantum dots manufacturer, initially launched a US patent infringement lawsuit against the South Korean-based electronics company in December, alongside lawsuits in Germany and China. Nanoco claimed Samsung infringed on its unique synthesis and resin capabilities for quantum dots. Quantum dot technology is used on Samsung quantum light-emitting diode televisions. "This has been a long and hard battle for Nanoco. The outcome is remarkable, given the relative scale of Nanoco and Samsung," Nanoco Chair Chris Richards says.
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Foxtons Group PLC, down 3.5% at 36.72p, 12-month range 27.05p-47.8p. The London-focused estate agency surrenders some of Thursday's 5.6% share price rise. The stock made headway on Thursday in the wake of the Bank of England interest rate decision. Bank rate was lifted by 50 basis points to 4.00%, though investors are hoping hikes will soon slow as the BoE said inflation in the UK is likely to have already peaked.
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By Sophie Rose, Alliance News reporter
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Nanoco (NANO)
Capital & Regional (CAL)
Foxtons (FOXT)