SMALL-CAP WINNERS & LOSERS: Tullow Oil gets Brent price boost

Thu, 23rd Oct 2025 10:48

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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Tullow Oil PLC, up 11% at 10.21 pence, 12-month range 8.3p-26p. Shares in the Africa- and South America-focused oil and gas developer rise in line with Brent crude, which trades at USD65.73 a barrel on Thursday, up from USD62.61 late Wednesday. The gain follows fresh US and EU sanctions on Russia's energy sector. US President Donald Trump said the measures, targeting oil giants Rosneft and Lukoil, were imposed after talks with Russian President Vladimir Putin "went nowhere". He called the sanctions "tremendous" but said he hoped they would be short-lived, adding: "We hope that the war will be settled." The EU also unveiled its 19th sanctions package since Russia's 2022 invasion of Ukraine, further tightening restrictions on Moscow's oil and gas income. Among large-cap peers, BP is up 3.2%, Shell up 3.0%, and Harbour Energy up 4.7%.

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SMALL-CAP - LOSERS

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Riverstone Energy Ltd, down 23% at 745p, 12-month range 680p-966p. The energy investment company completes a compulsory redemption of 17.3 million shares, around 70% of its issued capital, at GBP11.01 each, returning approximately GBP190 million to shareholders. Following the redemption, Riverstone has 7.3 million shares in issue and no shares held in treasury. Riverstone Energy says any further redemptions will be announced "in due course".

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Foxtons Group PLC, down 5.1% at 53.55p, 12-month range 52.4p-69p.The London-based estate agency reports third-quarter revenue up 3% to GBP49.0 million from GBP47.4 million, driven by continued strength in lettings, which offset weaker property sales. Foxtons says year-to-date revenue rises 7% to GBP135.1 million but warns sales are likely to remain subdued for the rest of the year amid uncertainty ahead of the delayed Autumn Budget. It expects full-year adjusted operating profit between GBP21.5 million and GBP23.2 million, compared with market expectations of GBP23.7 million.

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By Eva Castanedo, Alliance News reporter

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