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The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Thursday. ---------- Main Market small-cap winners ---------- Capricorn Energy PLC, up 20% at 345.00 pence, agrees $360 million takeover bid from Genel Energy Hamak Strategy Ltd, up 12% at 0.70p, amends financing arrangement with YA II PN Petra Diamonds Ltd, up 9.2% at 7.34p, says $13.0 million coupon to be paid at 50p per share S4 Capital PLC, up 7.1% at 35.35p Home REIT PLC, up 6.0% at 10.13p ---------- Main Market small-cap losers ---------- Gresham House Renewable Energy VCT 2 PLC, down 31% at 24.00p Gresham House Renewable Energy VCT 1 PLC, down 27% at 24.00p Iconic Labs PLC, down 14% at 1.60p, falls after surging 12% on Wednesday Chill Brands Group PLC, down 12% at 2.20p, continues to sink as pretax loss widens Gabelli Merchant Partners PLC, down 9.9% at $7.75 ---------- AIM winners ---------- Marechale Capital PLC, up 13% at 6.50p Hutchmed China Ltd, up 12% at 180.25p, gets China approval for gastric cancer treatment ProService Building Services Marketplace PLC, up 12% at 2.27p Focus Xplore PLC, up 11% at 0.03p Proteome Sciences PLC, up 9.1% at 1.80p ---------- AIM losers ---------- Fletcher King PLC, down 40% at 40.50p, trades ex-dividend Mothercare PLC, down 14% at 0.82p Oxford BioDynamics PLC, down 11% at 0.09p Mercantile Ports & Logistics Ltd, down 9.7% at 1.40p, says Mumbai insolvency hearing for KTPL adjourned to August ActiveOps PLC, down 9.5% at 237.50p, swings to pretax loss ---------- Small-cap and AIM movers in focus: ---------- Capricorn Energy PLC, up 20% at 345.00 pence, 12-month range 181.80p-353.00p. The oil and gas exploration and production company accepts a $360 million offer from London-based oil and gas firm Genel Energy PLC. The cash offer from Genel values each share at $4.74, or 357 pence. This comprises $3.75 in cash and an intended special dividend of $0.99. Genel says it sees the acquisition of Capricorn’s Egyptian Western Desert portfolio as an ‘attractive strategic pillar’ to its business. Capricorn Chief Executive Randy Neely says while the business has ‘delivered strongly against our strategic priorities’, the firm requires ‘greater scale to materially improve trading liquidity.’ On Wednesday, Capricorn agreed to a further extension to the offer deadline for Alamadiyaf al-Masiyyah, a member of the Cafani Group, after it received ‘multiple unsolicited non-binding proposals’. Capricorn said Alamadiyaf al-Masiyyah ‘continues to progress its funding arrangements’, as the deadline was extended to July 29. ---------- Hamak Strategy Ltd, up 12% at 0.70p, 12-month range 0.60p-7.50p. The Africa-focused gold exploration firm and digital asset treasury manager amends its existing funding arrangements with YA II PN Ltd. The amended package restates the outstanding balance of the previous £2.5 million convertible loan note into a non-convertible loan of £1.7 million. Annual interest remains at 4%. ‘This is an important step forward for Hamak. By restructuring the existing convertible loan into a non-convertible facility, while preserving a 4% coupon and agreeing a sensible repayment profile, we have reduced a key area of uncertainty for shareholders and strengthened the company’s funding position,’ says Chief Strategy Officer Mike Murphy. ---------- Hutchmed China Ltd, up 12% at 180.25p, 12-month range 150.48p-292.00p. The Hong Kong-based biopharmaceutical firm says Orpathys has been conditionally approved in China to treat locally advanced or metastatic gastric cancer or gastroesophageal junction adenocarcinoma patients. ‘The approval of Orpathys for MET-amplified advanced gastric cancer is an important achievement that underscores Hutchmed’s enduring commitment to bringing in-house discovered innovations to patients,’ said acting Chief Executive Officer Johnny Cheng. ---------- Fletcher King PLC, down 40% at 40.50p, 12-month range 29.00p-75.00p. The London-based chartered surveyors firm trades ex-dividend on Thursday, meaning new investors will not qualify for the 20p per share special dividend. The firm previously said the special dividend will be ‘drawn from what the board believes to be a prudent distribution of surplus funds comprising profits accumulated in prior years.’ ---------- ActiveOps PLC, down 9.5% at 237.50p, 12-month range 143.00p-290.00p. The provider of decision intelligence software for service operations swings to a pretax loss of £2.0 million in the financial year to the end of March from a £1.3 million profit a year earlier. ADjusted pretax profit falls 23% to £1.0 million from £1.3 million. Total revenue jumps 48% to £45.0 million from £30.5 million but administrative expenses surge 63% to £39.8 million from £24.4 million. The company says trading in the first few months of financial 2027 has been in line with board expectations. ‘The new financial year has begun well, driven by increasing use across our existing customer base and an expanded geographic footprint following the acquisition of Enlighten,’ says Executive Chair Richard Jeffery. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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