SMALL-CAP WINNERS & LOSERS: Superdry up as takeover talk heats up

Fri, 02nd Feb 2024 09:48

(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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Superdry PLC, up 64% at 34.71, 12-month range 14.26p-135.80p. Norwegian-based investment fund First Seagull AS buys a 5.3% stake in the clothing retailer on Wednesday this week. This has led to takeover talks around Superdry getting louder. The Times said it is understood that First Seagull considers Superdry to be "ripe for a bid." The newspaper added that a source said: "It's just a matter of time before there's an offer."

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Wise PLC, up 2.6% at 828.20 pence, 12-month range 488.00p-905.80p. Shares in the money transfer services provider rise. Jefferies ups its rating for Wise to 'buy' from 'hold'.

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SMALL-CAP - LOSERS

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Riverstone Energy Ltd, down 3.5% at 811.00p, 12-month range 510.10p-852.66p. Shares in the energy infrastructure and energy transition credit investor fall. In the year-to-date the stock is down 2.5%, however over the last 12 months the stock is up 32%.

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By Sophie Rose, Alliance News senior reporter

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