(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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Bloomsbury Publishing PLC, up 3.5% at 364.25 pence, 12-month range 231.00p-405.00p. The London-based fiction and non-fiction publisher reports record first half earnings performance. Revenue rises by 29% in the six months to August 31 to GBP100.7 million from GBP78.3 million posted a year earlier, while pretax profit jumps to GBP11.1 million from GBP3.0 million. "These results demonstrate the strength and resilience of our strategy of publishing for both the consumer and academic markets, and our growth of digital revenue," says Chief Executive Nigel Newton.
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RPS Group PLC, up 2.1% at 127.20p, 12-month range 49.00p-131.80p. The London-based professional services firm's fee revenue rose to GBP120.1 million in the three months to October 1, up 13% on last year's GBP109.0 million. Year-to-date, fee revenue is up 4% on a constant currency basis to GBP353.6 million from GBP340.1 million. Looking ahead, the outlook for the second half of 2021 is unchanged as the first half's momentum follows through.
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SMALL-CAP - LOSERS
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On The Beach Group PLC, down 3.4% at 326.01p, 12-month range 200.50p-517.00p. The holiday retailer reported suppressed trading in the second half of its most recent financial year, which ended on September 30. While demand for international leisure travel currently remains below pre-pandemic levels, the company highlighted that its specific initiatives, including its 'free Covid tests' promotion, combined with a further softening of government restrictions, have stimulated bookings in the final weeks of the financial year. Going forward, On The Beach said it remains committed to investing for long-term market share gains in its current financial year, ahead of full market recovery.
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By Evelina Grecenko; evelinagrecenko@alliancenews.com
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On The Beach (OTB)
Bloomsbury (BMY)