(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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On The Beach Group PLC, up 3.1% at 335.00 pence, 12-month range 200.50p-517.00p. The Manchester-based holiday firm tracked the wider travel sector higher on reports the UK government plans to ease curbs from US and EU arrivals. The Guardian and The Times reported the plan would allow US and EU travellers who are fully vaccinated against coronavirus to enter without the need to quarantine.
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Marston's PLC, up 3.3% at 86.30 pence, 12-month range 36.02p-105.50p. The Wolverhampton, England-based pub chain reports trading has gradually improved in recent weeks. Between April 12 and May 16, when only outdoor dining was permitted in England, sales stood at 77% of levels seen in financial 2019, before the onset of the pandemic. This improves to 92% between May 17 and July 24, when curbs eased further. Since restrictions were fully lifted on July 19, Marston's sales see a "modest uplift". As of July 24, it is 42 weeks into its financial year.
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SMALL-CAP - LOSERS
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Sabre Insurance Group PLC, down 8.1% at 233.40p, 12-month range 222.00p-308.50p. Berenberg cuts the motor insurance provider to Sell from Hold. The German bank said Sabre's first half results were "lacklustre".
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International Personal Finance PLC, down 2.1% at 135.85p, 12-month range 44.05p-147.58p. The Leeds, England-based home credit business gives back some gains from Tuesday, when it added 3.7% on strong first quarter results.
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By Eric Cunha; ericcunha@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
On The Beach (OTB)
Inter. Pers. (IPF)
Marstons (MARS)
Sabre Insur (SBRE)