(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Saga, up 11% at 334.21 pence, 12-month range 118.5p-671.4p. Travel firms - including Saga, a holiday and insurance provider to over 50s - rally on UK Prime Minister Boris Johnson's roadmap for exiting lockdown. In the hours after Johnson's announcement, easyJet says bookings by UK customers for the summer season are more than four times higher compared with the same period during the previous week. Shares in easyJet are up 8.5% at 968.26p on Tuesday. Online travel firm Thomas Cook says traffic to its website is up 60% during the three hours after Johnson's statement to the Commons. Saga's small-cap peer On The Beach rises 11%.
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Card Factory PLC, up 9.4% at 37.2p, 12-month range 22p-89.25p. Retailers also get a boost from easing hopes. As early as April 12, shops, hairdressers and outdoor hospitality venues may be allowed to reopen in England. Clothing retailer Superdry rallies 6.2%.
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Restaurant Group PLC, up 5.2% at 106.7p, 12-month range 20.26p-126.54p. Other hospitality and leisure firms rise on hopes of reopening soon, including casual dining chain owner Restaurant Group and ten-pin bowling operator Ten Entertainment Group PLC, which rises 2.9%.
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Premier Oil PLC, up 4.2% at 25.09p, 12-month range 10.02p-100.07p. The London-based oil and gas firm says proposed merger with Chrysaor has fulfilled all regulatory conditions, and it has received all of the required antitrust approvals. Premier back in October agreed to merge with Harbour Energy's UK operating firm Chrysaor through a reverse takeover, retaining its London listing. Now the merger is conditional on the restructuring plans being sanctioned by the Scottish Court, at a hearing set to take place on March 19. Once the plans are sanctioned, the merger is expected to be completed on March 31. Trading of the merged entity, to be named Harbour Energy PLC, will begin the next day on April 1. Firm also benefits as Brent oil prices remain elevated, a barrel quoted at USD65.73 Tuesday mid-morning, up from USD64.45 late Monday. Tullow Oil rises 4.0%.
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By Lucy Heming; lucyheming@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Tullow Oil (TLW)
Saga (SAGA)
On The Beach (OTB)
easyJet (EZJ)
Card Factory (CARD)
Superdry (SDRY)