SMALL-CAP WINNERS & LOSERS: Carclo has renewal; Norcros buys in Norway

Tue, 15th Jul 2025 10:34

(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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Carclo PLC, up 5.8% at 48.66 pence, 12-month range 18.36p-49.50p. The provider of precision components reports a contract renewal that "strengthens revenue visibility". A pact with an unnamed "major customer" is renewed for a further five-year period. "The renewed contract provides enhanced certainty over the medium term and reflects the trust our customers place in Carclo's ability to deliver consistent, high-quality solutions," the firm says.

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Norcros PLC, up 5.8% at 291.00p, 12-month range 184.50p-292.00p. The supplier of bathroom and kitchen products acquires Norway's Fibo Holding AS for up to NOK618 million, around GBP45 million. Fibo is a supplier of waterproof, decorative wall panels. "Wall panels are easy to install, durable and sustainable, and are an increasingly attractive alternative to tiles and other wall coverings. The acquisition of Fibo Group aligns with the company's strategy to acquire and grow capital-light, scalable businesses operating in high-growth product segments and is consistent with our medium-term strategic targets," Norcros adds. Fibo achieved net sales of GBP63 million in 2024, and earnings before interest, tax, depreciation and amortisation of GBP7.3 million. "The business has traded strongly through 2025, with year-to-date results showing meaningful revenue and profit growth on the prior year," Norcros adds.

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SMALL-CAP - LOSERS

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Robert Walters PLC, down 3.3% at 174.52p, 12-month range 166.00p-403.00p. The recruitment company reports "sequentially stable trading", but cautions that wider market uncertainty worsened in the second quarter of 2025. Net fee income in the second quarter of 2025 falls 14% on-year to GBP72.7 million. For the whole of the first half, it is down 16% to GBP140.0 million. "Whilst net fees were higher than in the first quarter (consistent with normal seasonal trends), macroeconomic uncertainty became more pronounced, with forward indicators (new job flow and interviews) slightly weaker compared to the end of the first quarter," Robert Walters says.

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By Eric Cunha, Alliance News news editor

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