(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Henry Boot, up 3.0% at 288.20 pence, 12-month range 180p-290p. The construction firm seals a significant deal at Wakefield Hub, one of the largest industrial developments in the north of England. It will deliver a 260,000 square foot industrial unit on behalf of an unnamed German pharmaceutical company. Subject to securing planning approval in mid 2021, work is expected to start on site in the second half of 2021 with the total gross development value in excess of GBP30 million.
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BATM Advanced Communications, up 2.8% at 300.47p, 12-month range 35.3p-150.5p. The laboratory diagnostic equipment distributor says it has completed the sale of NG Soft to Aztek Technologies for USD29 million.
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Halfords Group, up 0.9% at 339.20p, 12-month range 49.58p-357.85p. The car parts and bicycle retailer has agreed to buy motoring services provider Universal Tyre and Autocentres for GBP15 million. Universal Tyre is based in south east England and operates from 20 sites and 89 commercial vans, specialising in tyre services and car maintenance.
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SMALL-CAP - LOSERS
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River & Mercantile, down 2.8% at 206.48p, 12-month range 144.92p-242p. Jefferies downgraded the fund manager to Hold from Buy. River & Mercantile on Wednesday reported declines in half-year revenue and profit, with management planning cost-cutting exercises to improve margins.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Halfords (HFD)
Batm Advanced (BVC)
Henry Boot (BOOT)