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Pin to quick picksCapital & Regional Share News (CAL)

Share Price Information for Capital & Regional (CAL)

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Share Price: 57.40
Bid: 57.00
Ask: 61.00
Change: 0.00 (0.00%)
Spread: 4.00 (7.02%)
Open: 59.00
High: 59.00
Low: 57.40
Prev. Close: 59.00
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SMALL-CAP WINNERS & LOSERS: Norcros ups outlook; Sabre profit warning

Thu, 14th Oct 2021 11:06

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



SMALL-CAP - WINNERS



Norcros PLC, up 7.6% at 213.00 pence, 12-month range 149.01p-345p. The kitchen and bathroom products supplier says market outperformance continues into new financial year. Revenue for 26 weeks to October 3 to be GBP200 million, up 49% on a year ago and 15% higher than pre-virus levels on like-for-like basis. Now expects interim underlying operating profit no less than GBP21 million, exceeding the GBP12.8 million reported a year ago and GBP17.4 million two years ago. It adds: "Based on the excellent first half performance and the group's strong revenue momentum, we expect underlying operating profit for the year to 31 March 2022 to be significantly ahead of the board's previous expectations."



Stagecoach Group PLC, up 2.8% at 82.25p, 12-month 35.24p-110.9p. Fellow public transport operator National Express, with which Stagecoach remains in possible merger talks, reports sequential improvement in performance in third quarter. Says UK bus customers now at 76% of pre-Covid levels, and UK Coach passengers at 52% of pre-pandemic levels with 56% of services running. Adds that recent fuel shortages in UK have not impacted business. National Express rises 2.8%.



SMALL-CAP - LOSERS



Capital & Regional PLC, down 2.4% at 56.00p, 12-month range 32.30p-96.31p. The shopping centre investor reaches agreement with lenders to restructure and reduce the debt secured over four mall assets - the Mall Blackburn, the Mall Maidstone, the Mall Wood Green and the Mall Walthamstow - including the launch of a fully underwritten open offer to raise GBP30.0 million.



Sabre Insurance Group PLC, down 2.2% at 190.8p, 12-month range 187p-284.72p. The motor insurance provider warns full-year profit will be "moderately" below analyst forecasts. Says a recovery in motor insurance pricing during the third quarter has been "slightly slower" than expected as Covid-related restrictions unwind. It has maintained pricing discipline trough extended soft market conditions. It expects pretax profit for 2021 will be "moderately below" the analyst forecast range of GBP41 million to GBP46 million "but with dividend levels supported by the strength of our capital position". For 2020, Sabre recorded pretax profit of GBP49.1 million, down from GBP56.5 million in 2019.



By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News

Capital & Regional signs deal to open one of 40 NHS diagnostic centres

Capital & Regional signs deal to open one of 40 NHS diagnostic centres

3 Dec 21 17:17

IN BRIEF: Capital & Regional director Norval steps down after 12 years

IN BRIEF: Capital & Regional director Norval steps down after 12 years

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Berenberg upgrades Capital & Regional to 'hold'

(Sharecast News) - Analysts at Berenberg upgraded property asset manager Capital & Regional from 'sell' to 'hold' on Monday, citing the firm's now strengthened balance sheet.

8 Nov 21 10:03

SMALL-CAP WINNERS & LOSERS: UP Global Sourcing boosts dividend

SMALL-CAP WINNERS & LOSERS: UP Global Sourcing boosts dividend

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IN BRIEF: Capital & Regional in September footfall boost

IN BRIEF: Capital & Regional in September footfall boost

1 Nov 21 12:05

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

25 Oct 21 16:03

IN BRIEF: Capital & Regional restructures and reduces debt

IN BRIEF: Capital & Regional restructures and reduces debt

14 Oct 21 11:33

SMALL-CAP WINNERS & LOSERS: Norcros ups outlook; Sabre profit warning

SMALL-CAP WINNERS & LOSERS: Norcros ups outlook; Sabre profit warning

14 Oct 21 11:06

Capital & Regional to raise £30m as part of mall debt restructure

(Sharecast News) - Convenience-focussed commercial property investor Capital & Regional said on Thursday that it has agreed with its lenders to restructure and reduce the debt secured over its four mall assets, including the launch of a fully underwritten open offer to raise £30m.

14 Oct 21 07:41

Capital & Regional enters new partnership as net rental income falls

(Sharecast News) - Capital & Regional reported net rental income of £13.4m in its first half on Thursday, down from £15.2m year-on-year, as it also announced a new residential development partnership.

9 Sep 21 10:37

Capital & Regional interim loss narrows; partners up with Far East

Capital & Regional interim loss narrows; partners up with Far East

9 Sep 21 09:17

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

2 Sep 21 14:55

SMALL-CAP WINNERS & LOSERS: Capital & Regional in lockdown easing lift

SMALL-CAP WINNERS & LOSERS: Capital & Regional in lockdown easing lift

25 Jun 21 10:41

Capital & Regional's performance improves as UK retail reopens

Capital & Regional's performance improves as UK retail reopens

25 Jun 21 10:11

SMALL-CAP WINNERS & LOSERS: Pub sector falls to Indian variant worries

SMALL-CAP WINNERS & LOSERS: Pub sector falls to Indian variant worries

28 May 21 10:51

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