(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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888 Holdings PLC, up 3.5% at 129.40 pence, 12-month range 50.50p-141.90p. Shares in the gambling firm have risen around 20% so far in August, as sentiment towards the stock improves. German bank Berenberg backed 888 to meet its 2025 leverage target. It affirmed its 'buy' recommendation for the stock. 888's strong August makes it a safe bet to re-join the FTSE 250, with its market capitalisation now sitting at GBP580.4 million. Index operator FTSE Russell announces the results of its quarterly review next week Wednesday. According to its set of indicative changes earlier this week, 888 is promotion contender.
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DFS Furniture PLC, up 3.5% at 111.60 pence, 12-month range 101.00p-170.00p. The stock looks set to snap a four-day losing streak, during which shares in the sofa seller fell almost 10%.
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SMALL-CAP - LOSERS
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Hunting PLC, down 6.3% at 238.50p, 12-month range 190.00p-354.00p. Swings to a profit in the first half of the year, as revenue grew by a double-digit percentage, but plans to close some factories in the US and the Netherlands. The London-based international energy services group reports a pretax profit of USD23.1 million in the six months that ended June 30 from a loss of USD500,000 a year before, as revenue grows by 42% to USD477.8 million from USD336.1 million a year prior. Hunting also on Thursday says it will transfer the manufacturing and assembly operations of its main well testing site to Dubai from the Netherlands, which will result in the closure of a facility at Velson-Noord. The Titan division's operating site in Oklahoma City in the US is being closed down as well, Hunting adds, and the manufacture of perforating systems will be moved to its Pampa, Texas and Monterrey, Mexico facilities.
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By Eric Cunha, Alliance News news editor
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