WINNERS & LOSERS: Marechale rallies on digital bank plan; boohoo jumps

Wed, 03rd Jun 2026 10:57

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

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Main Market small-cap winners

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First Class Metals PLC, up 22% at 3.90p, nears completion of asset deal to secure non-dilutive funding

Iconic Labs PLC, up 17% at 1.55p

Macau Property Opportunities Fund Ltd, up 14% at 6.15p

Gem Resources PLC, up 14% at 0.40p

Wolfram Resources PLC, up 13% at 1.75p

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Main Market small-cap losers

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BSF Enterprise PLC, down 20% at 2.50p, raises GBP500,000 via conditional placing of 25.0 million shares at 2p each

Atlas Metals Group PLC, down 12% at 8.75p

London BTC Co Ltd, down 8.7% at 2.10p

Defence Holdings PLC, down 6.4% at 1.05p

abrdn Property Income Trust Ltd, down 6.2% at 1.97p

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AIM winners

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Marechale Capital PLC, up 95% at 4.29p, proposes acquisitions to create digital merchant bank

Proteome Sciences PLC, up 28% at 1.81p

boohoo Group PLC, up 24% at 23.25p, sees improvement in profits from Debenhams turnaround

Tern PLC, up 13% at 1.55p

Venture Life Group PLC, up 12% at 63.00p, acquires of FemiClea and Curoxen for USD28.0 million

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AIM losers

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Mothercare PLC, down 23% at 1.08p

Litigation Capital Management Ltd, down 15% at 2.41p

Celsius Resources Ltd, down 13% at 0.39p

Filtronic PLC, down 12% at 317.50p

Forgent PLC, down 11% at 0.01p

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Small-cap and AIM movers in focus:

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First Class Metals PLC, up 22% at 3.90 pence, 12-month range 0.96p-3.99p. Says it is nearing completion of a transaction to monetise one of its Ontario assets, with material commercial terms agreed and definitive documentation close to being finalised. The gold exploration company says the deal would provide substantial non-dilutive funding while preserving exposure to future upside associated with the property. Chief Executive Marc Sale says the transaction has been a major focus for management and that the company is "nearing the finish line".

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BSF Enterprise PLC, down 20% at 2.50 pence, 12-month range 0.50p-4.00p. Raises GBP500,000 through a conditional placing of 25.0 million shares at 2p each to support its growth plans. The biotechnology investor says the fundraising strengthens its financial position and leaves it well placed to capitalise on what it sees as significant opportunities in 2026.

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Marechale Capital PLC, up 95% at 4.29 pence, 12-month range 1.30p-4.50p. Proposes the acquisitions of Stanford Capital Partners and NJC Capital Management VSA Private Fund in share-for-share deals. The investment banking firm says the transactions would transform it into a digital merchant bank, expanding its offering into corporate finance, capital markets, tokenisation and asset management across traditional and digital asset markets. The proposed acquisitions would be satisfied through the issue of 75.2 million new shares at 1.75p each.

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boohoo Group PLC, up 24% at 23.25 pence, 12-month range 10.30p-29.50p. Reports a return to growth in the first quarter, with gross merchandise value up 0.5% year-on-year and May growth accelerating to around 8%. Trading as Debenhams Group, the retailer says performance was driven by Debenhams and PrettyLittleThing, while profitability and cash flow improved on stronger gross margins and lower returns. The company reiterates guidance for double-digit adjusted Ebitda growth in financial 2027 and says it remains on track to generate free cash flow and reduce leverage.

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Venture Life Group PLC, up 12% at 63.00 pence, 12-month range 49.00p-72.00p. Gains after agreeing to acquire the FemiClea and Curoxen healthcare brands for a combined USD28.0 million. The consumer healthcare products company says the acquisitions will strengthen its portfolio and support future growth in its key markets.

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By Eva Castanedo, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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