(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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Macfarlane Group PLC, up 1.2% at 120.00 pence, 12-month range 82.94p-146.00p. The packaging and label company says it performed strongly in 2021 and ahead of market expectations. For 2021, posts pretax profit of GBP18,665, up from GBP12,433 in 2020 on revenue of GBP264,465, up from GBP210,227. Macfarlane declares total dividend of 3.20p, up from 2.55p. Looking ahead, expects it will continue to deliver further growth in 2022.
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SMALL-CAP - LOSERS
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JPMorgan Russian Securities PLC, down 21% at 446.00p, 12-month range 373.00p-894.00p. Raven Property Group Ltd, down 16% at 20.30p, 12-month range 18.49p-36.90p. Hyve Group PLC, down 14% at 91.43p, 12-month range 80.95p-158.20p. Shares in the companies - significantly exposed to Russian business - fell sharply after Russia invaded Ukraine. Raven Property is a property investment company specialising in commercial property in Russia. Hyve Group is an exhibitions organiser which runs events across the UK, US, Turkey, Ukraine and Russia. "The prospect of a Russian invasion of Ukraine, which has been keeping markets on edge lately has become a perilous reality with President Putin seemingly undeterred by the barrage of sanctions that preceded today’s military escalation," says Victoria Scholar, head of Investment, interactive investor.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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