(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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Schroder UK Public Private Trust PLC, up 8.3% at 33.63 pence, 12-month range 21p-39.95p. The trust notes its portfolio company Inivata Ltd has announced its acquisition by NeoGenomics Inc. Based on the terms of the transaction, Schroder UK Public Private Trust expects to receive total proceeds of USD38.6 million on completion of the transaction.
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SIG PLC, up 5.2% at 49.66p, 12-month range 20.22p-51.3p. The building products supplier says it has made an encouraging start to the year, with January and February sales volumes picking up strongly and March and April trading ahead of management's expectations. For first quarter to April 30, like-for-like sales grew 29%, having declined 4% in the same period in 2019.
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Smiths News PLC, up 3.4% at 39.70p, 12-month range 11.05p-40.6p. The regional news publisher reports a resilient first-half performance. For the six months to February 27, revenue is down 12% to GBP551.6 million from GBP623.1 million last year, but pretax profit is up sharply to GBP16.0 million from GBP6.7 million. Says trading for the year to date is in line with the board's expectations and is on track to meet the market's expectations for the full year.
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SMALL-CAP - LOSERS
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McBride PLC, down 20% at 75.77p, 12-month range 54.56p-96.52p. The private-label consumer goods firm warns fourth-quarter sales are expected to be significantly weaker than first nine months. McBride points to rapid, significant and sustained price escalation for many raw materials, Says revenue volatility continues to be a challenge in most markets. Profit for financial year ending June 30 is now expected to be 15% lower than the previous year.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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