(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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Wincanton, up 14% at 311.00 pence, 12-month range 140p-314p. The logistics firm said it has seen a sustained improvement in revenue and profitability since the initial impact of Covid-19 early in 2020. Revenue rose by over 10% year-on-year in the third quarter. The firm's strong performance means it expects profit for the current financial year to be "materially ahead" of market expectations, assuming no "unforeseen severe" hit from the pandemic in the closing months of the year.
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Galliford Try, up 6.0% at 137.82p, 12-month range 70p-203.40p. The construction firm said it is continuing to trade at "normal levels" through current restrictions and is performing well, with trading for the half-year to December 31 in line with internal expectations. As previously announced, Galliford expects to report a return to profit and a dividend resumption alongside its half-year results.
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Marston's, up 3.8% at 82.34p, 12-month range 18.40p-124.10p. The pub operator was higher in a positive read-across from peer JD Wetherspoon, which raised almost GBP94 million in a share placing, the top end of the range it had announced after the London market close on Tuesday. In announcing the share placing late Tuesday, Watford-headquartered Wetherspoon reported a like-for-like sales decrease of 28% for the 15 weeks to November 8. FTSE 250-listed Wetherspoon was trading 5.1% higher on Wednesday.
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By Lucy Heming; lucyheming@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Wetherspoon (J.D) (JDW)
Galliford Try (GFRD)
Marstons (MARS)
