(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
Mears Group PLC, up 3.0% at 190.50 pence, 12-month range 146.00p-224.00p. Say trading has continued to strengthen since release of interim results in mid-August. Excepts 2021 revenue to be slightly ahead of internal expectations at about GBP850 million, with adjusted pretax profit to be at the top of internal guided range at about GBP25 million. "This improved trading performance has been driven by good demand in reactive maintenance as clients prioritise the clearance of repair backlogs and by continued elevated volumes within the group's management-led contracts. As previously referenced planned maintenance revenues have been slower to return to pre-pandemic levels. Inflation in the supply chain and the availability of materials and labour costs have remained manageable," company says.
----------
Mothercare PLC, up 2.1% at 18.28 pence, 12-month range 10.35p-19.27p. Improves to pretax profit in 26 weeks to September 25 of GBP4.0 million versus GBP13.1 million loss a year before, as administrative expenses falls to GBP10.2 million from GBP14.1 million. Revenue drops to GBP41.7 million from GBP44.4 million in 28 weeks to October 10, 2020. Notes pension scheme deficit materially reduced to GBP91 million from GBP124.6 million at March 31. Chair Clive Whiley says results show company is "closer to unlocking the true underlying potential" of business. Adds: "With positive feedback to our new product ranges, and a lean operating structure, we enter the second half with growing confidence for our future prospects."
----------
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Mothercare (MTC)
Mears (MER)