(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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Henry Boot PLC, up 1.4% at 219.99 pence, 12-month range 170.00p-237.00p. The land development, property and construction firm's shares rose, after Hallam Land secured planning permission on appeal for 290 homes in Sittingbourne, Kent. Hallam is Henry Boot's land promotion and planning business. The appeal, which was granted in July, argued that Swale Borough Council's development plan could not demonstrate a five-year housing land supply, which in turn was failing to meet the area's housing needs. Chief Executive Officer Tim Roberts said: "Securing planning permission on appeal for hundreds of homes in Kent will enable the delivery of much-needed housing in the area. Hallam is in a strong position to help meet the new Government's ambitious housing targets and objectives set out in the draft National Planning Policy Framework revisions."
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SMALL-CAP - LOSERS
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Gulf Marine Services PLC, down 6.4% at 15.63p, 12-month range 8.22p-24.60p. The self-propelled and self-elevating support vessel provider, which serves offshore oil, gas and renewable energy projects, posts pretax profit for the six months ended June 30 of USD9.9 million, down 1.0% from USD10.0 million a year prior. By contrast, revenue increased 9% to USD80.7 million from USD74.3 million. Looking ahead, the firm maintained its guidance for annual adjusted earnings before interest, tax, depreciation and amortisation of between USD92 million and USD100 million. In a separate announcement, Gulf Marine also said that Deputy Chair Hassan Heikal has stepped down with immediate effect.
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CAB Payments Holdings PLC, down 9.8% at 101.05p, 12-month range 46.10p-286.50p. The London-based payment processing and foreign exchange company posts interim pretax profit of GBP13.7 million, down 43% from GBP23.8 million a year prior. Gross income came to GBP55.7 million, down 22% from GBP71.8 million, while total volume levels amounted to GBP17.6 billion, up 3.5% from GBP17.0 billion the previous year. Accordingly, CAB Payments reaffirmed its guidance from July for full-year gross income "marginally below" prior year levels, with increased operating leverage in the second half.
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By Holly Beveridge, Alliance News senior reporter
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Henry Boot (BOOT)
Cab Payments (CABP)
