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The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. ---------- SMALL-CAP - WINNERS ---------- HydrogenOne Capital Growth PLC, up 3.6% at 23.53 pence, 12-month range 20.04p-58.80p. The clean hydrogen investor reports the start of commercial operations at a new P2X Solutions green hydrogen plant in Finland. The plant uses portfolio company Sunfire AG’s electrolysers. ‘Sunfire, a leading global electrolysis company, and P2X Solutions, a Finnish pioneer in green hydrogen and Power-to-X technologies, celebrate the commissioning of the production plant in Harjavalta. The Sunfire electrolyser is Finland’s first industrial plant for the commercial production of green hydrogen,’ HydrogenOne says. ---------- JPMorgan China Growth & Income PLC, up 2.7% at 269.55p, 12-month range 182.00p-281.00p. The stocks benefits from the investor’s exposure to Alibaba Group Holding Ltd, one of its largest holdings. Alibaba jumped 15% in Hong Kong on Friday after releasing well-received earnings on Thursday. It takes the year-to-date gain for the stock to 68%. Earlier this month, Alibaba rallied on a Bloomberg News report that Chinese President Xi Jinping was preparing to meet the tech firm’s co-founder Jack Ma. JPMorgan China Growth & Income is up some 20% year-to-date. ---------- SMALL-CAP - LOSERS ---------- Videndum PLC, down 33% at 41.68p, 12-month range 41.50p-362.50p. The London-based provider of hardware and software for broadcasters, film studios and other media content creators says a February 2025 covenant test has been waived while discussions with banks regarding the March debt covenant and continued access to the revolving credit facility are ongoing. Shares set a new 12-month low on Friday, however. An amendment or waiver of the March covenant will be required as the performance in the second half of financial 2024 was weaker than that anticipated in the first half results announcement, Videndum explained. ‘As a result, the March 2025 covenant which factors in the last 12 months performance will not be met.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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