(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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McColl's Retail Group PLC, up 4.6% at 12.50 pence, 12-month range 10.20p-40.80p. The convenience store chain says "significant strategic progress" as been achieved with Morrisons Daily roll-out, despite UK supply chain disruptions. Says for 52 weeks to November 28, revenue is GBP1.11 billion, down 11% from GBP1.25 billion year before and like-for-like sales down 3.3% last year, but up 9.1% on two years ago. "The accelerated expansion of Morrisons Daily format stores across the estate remains on track and is delivering strong improvements in performance," it notes.
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SMALL-CAP - LOSERS
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Hunting PLC, down 4.0% at 149.80p, 12-month range 45.00p-297.00. Jefferies trims price target on energy services company to 250.00p from 300.00p, reiterating Buy rating.
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Stagecoach PLC, down 2.5% at 74.70p, 12-month range 63.92p-110.90p. Shares initially rise 4.1% before swinging lower. The transport operator says interim pretax profit surges 27% on passenger volume recovery. For the six months to October 30, revenue rises to GBP579.4 million from GBP454.6 million last year and pretax profit jumps to GBP31.1 million from GBP5.4 million. Says profit growth reflects recovering passenger volumes and payments from governments to ensure continuation of public transport services. "We continue to see a positive outlook for our bus, coach and tram services, whether as a standalone business or as part of a combined future group," says Chief Executive Officer Martin Griffiths.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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