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SMALL-CAP WINNERS & LOSERS: On The Beach Falls Amid Travel Woes

Fri, 12th Feb 2021 10:30

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

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SMALL-CAP - WINNERS

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Helical, up 3.6% at 372.50 pence, 12-month range 200.43p-540.00p. The London-based property investor was higher on Friday morning after Peel Hunt raised the stock to Buy from Add.

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SMALL-CAP - LOSERS

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On The Beach, down 4.4% at 289.25p, 12-month range 112.60p-438.20p. Travel stocks were lower on Friday after UK Health Secretary Matt Hancock on Thursday cautioned the rollout of coronavirus vaccines is "absolutely essential" for summer holidays. In addition, online travel agent Lastminute.com has been threatened with court action by the UK competition watchdog for failing to pay out refunds to some customers, highlighting the financial pressure on the holiday industry. On The Beach shares are 19% lower this week.

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John Menzies, down 2.1% at 209.13p, 12-month range 66.90p-421.00p. The Edinburgh-based aviation services firm tracked travel stocks lower on Friday.

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Premier Oil, down 3.1% at 20.03p, 12-month range 10.02p-109.00p. The oil company's shares are down on Friday as Brent prices dipped. A barrel of the North Sea benchmark fetched USD60.68 Friday morning London time, down from USD61.35 at the London equities close.

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Gulf Marine Services, down 4.6% at 6.20p, 12-month range 2.10p-22.00p. Gulf Marine shares have been similarly hit by falling oil prices. The Abu Dhabi-founded firm provides self-propelled self-elevating support vessels for oil, gas and renewable energy industries.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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