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(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Saga PLC, up 5.6% at 153.10 pence, 12-month range 102.20p-198.40p. The provider of products and services for people aged 50 and over sees its shares rise. It updates markets on the period from August 1 to January 29. For its full-year, Saga expects to report revenue growth of between 10% and 15% and an underlying pretax profit more than double that of the prior year. "Our Cruise and Travel businesses have had an outstanding year, having taken around 120k passengers on holiday, with customers continuing to be drawn to the strength of the Saga brand and offer. As a result, these businesses will return to profitability, in line with expectations. In Insurance, the market-wide inflationary environment and declining policy volumes are continuing to impact our performance," says Chief executive Mike Hazell.
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SMALL-CAP - LOSERS
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Colefax Group PLC, down 4.5% at 644.00p, 12-month range 620.00p-860.00p. Shares in the designer and distributor of furnishing fabrics and wallpapers fall as Peel Hunt cuts its rating to 'add' from 'buy.'
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Deliveroo PLC, down 4.5% at 116.40p, 12-month range 80.00p-149.40p. Germany's Delivery Hero SE late Tuesday said it sold its entire 4.5% stake in UK food delivery peer Deliveroo, raising GBP76.8 million. The Berlin-based delivery platform said about 68 million Deliveroo shares were placed with institutional investors at GBP1.13 per share. The accelerated bookbuild was run Barclays Bank Ireland PLC, Goldman Sachs Bank Europe SE and Morgan Stanley Europe SE. Delivery Hero said it has no remaining Deliveroo shares, adding the disposal shows its "commitment to disciplined capital allocation".
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By Sophie Rose, Alliance News senior reporter
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