(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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Funding Circle Holdings PLC, up 29% at 36.10 pence, 12-month range 25.00p-60.80p. The small and medium enterprise loans platform says revenue in 2023 operating income rose to GBP154.8 million from GBP133.7 million a year earlier. Net income jumped GBP168.2 million from GBP155.8 million. Pretax profit widens to GBP33.2 million from GBP12.9 million. Funding Circle says it will raise up to GBP25 million through a share buyback.
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Kier Group PLC, up 5.9% at 144.00p, 12-month range 64.00p-147.40p. The infrastructure services, construction and property company reported results for the six months ended December 31. Revenue in the half year rose 22% to GBP1.86 billion from GBP1.53 billion. Pretax profit edged GBP27.0 million from GBP25.4 million. On the back of the results, Kier pays out interim dividend of 1.67p. CEO Andrew Davies says: "The second half of the financial year has started well, and we are trading in-line with expectations. The group is well positioned to continue benefiting from UK government infrastructure spending commitments and we are confident in sustaining the strong cash generation achieved over the last 18 months, allowing us to continue to significantly deleverage the group."
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SMALL-CAP - LOSERS
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Residential Secure Income PLC, down 3.9% at 49.76p, 12-month range 48.00p-72.20p. The real estate investment trust shares fell, after a slow start to 2024. In the year-to-date, shares are down 15%.
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By Sophie Rose, Alliance News senior reporter
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Funding Circle (FCH)
Residential Sec (RESI)
Kier (KIE)