(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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OTAQ PLC, up 13% at 15.78 pence, 12-month range 12.37p-44.00p. The marine technology company signs a deal with a "leading" salmon & sea trout producer in Chile. The Lancaster-based producer of marine technology for offshore oil and gas industries will supply water quality monitoring technology to Salmones Antartica SA, a company based on the southern Chilean island of Chiloe. OTAQ's technology "monitors a site's oxygen, temperature and salinity levels to provide aquaculture farmers with immediate information about the quality of their water environment." The companies did not disclose financial details of the agreement.
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Hostelworld Group PLC, up 2.1% at 93.90p, 12-month range 57.00p-109.60p. The online booking platform says it has seen a "strong recovery" back to pre-pandemic levels, as June bookings to southern Europe exceed 2019 levels. The Dublin-based firm says that June bookings reached 80% of June 2019 levels, leading to revenue just above pre-pandemic levels. Hostelworld explained that the revenue recovery driven by higher average booking values. Hostelworld notes a continued recovery in all destinations and demand segments, with booking demand in southern Europe exceeding levels seen before the pandemic.
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Restaurant Group PLC, up 0.6% at 44.46p, 12-month range 41.34p-130.20p. The Wagamama and Frankie & Benny's owner says it has acquired Mexican restaurant chain Barburrito Group Ltd for GBP7 million and that it has made an early repayment of its term-loan facilities. The casual dining chain operator also maintains its previous guidance for expected profit and loss interest charge at GBP24 million to GBP25 million.
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SMALL-CAP - LOSERS
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abrdn European Logistics Income PLC, down 3.2% at 96.60pp, 12-month range 95.40p-130.00p. RBC Capital downgrades the Europe-focused logistical real estate investor to 'sector perform' from 'outperform' as part of a downbeat sector note.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Hostelworld (HSW)
Abrdn Euro Log (ASLI)