(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Equiniti Group PLC, up 16% at 159.23 pence, 12-month range 96p-176.60p. The financial administrator outsourcer confirms it has received a 170p cash offer from Siris Capital LLC and said it will evaluate the proposal "carefully in all respects", after the private equity firm confirmed a Sky News report of the potential takeover. Equiniti urged shareholders to take no action on the Siris offer, while it reviews it together with its financial and legal advisers. Equiniti says it will make a further announcement "in due course".
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Studio Retail Group PLC, up 6.3% at 308.20p, 12-month range 169p-317.32p. The digital value retailer ends strategic review and formal sale process with sale of Findel Education for GBP30.0 million to West Moorland 221. Says trading in the "traditionally quieter final quarter was exceptionally strong". Studio Retail expects annual adjusted pretax profit of up to GBP50 million, up 85% from GBP27.3 million last year.
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Kingspan Group PLC, up 2.5% at EUR76.14, 12-month range EUR42.3-EUR84.65. The Irish building materials firm says it had a strong first quarter both in terms of sales and order intake. For the three-month period to March 31, posts sales of EUR1.28 billion, 24% ahead of prior year. Kingspan says outlook for the second quarter is positive with ongoing strong momentum across most key markets.
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Robert Walters PLC, up 2.4% at 672.00p, 12-month range 337p-700p. Liberum raises price target on recruiter to 730p from 575p and reiterates Buy rating.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Robert Walters (RWA)