(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Foxtons Group PLC, up 12% at 32.20 pence, 12-month range 27.05p-50.60p. Sees growth across its business in third quarter, as revenue grows a quarter to GBP43.8 million from GBP35.1 million. Sales unit sees 44% rise in revenue and Lettings up 18%. Following strong growth in first nine months of 2022, now expects annual result ahead of previous expectations. "We enter Q4 with a less certain sales market backdrop, but cost action taken in H1 and our resilient lettings and financial services businesses leave us positioned to weather further macroeconomic and political challenges," it adds.
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SMALL-CAP - LOSERS
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MetalNRG PLC, down 2.1% at 0.071 pence, 12-month range 0.070p-0.44p. Notes it has only received GBP250,000 of total GBP1.1 million payment due from BritEnergy Holdings LLP, Pierpoalo Rocco and BritNRG Ltd related to civil legal proceedings. In late September, English High Court ruled in favour of MetalNRG, ordering BritEnergy to repay GBP1.0 million from money paid to the LLP in 2021. Firm demanded repayment of investment made into BritEnergy after discovering former board member Rocco held substantial stake in the joint venture, which was not disclosed.
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By Paul McGowan; paulmcgowan@alliancenews.com
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Foxtons (FOXT)
Metalnrg Plc (MNRG)