(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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Bloomsbury Publishing PLC, up 6.6% at 389.00 pence, 12-month range 276.00p-407.00p. The London-based publisher says for the year ended February 28, revenue will be "comfortably ahead and profit materially ahead of upgraded market expectations". Current revenue consensus stands at GBP212.5 million, while pretax profit expectations are at GBP22.3 million.
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John Menzies PLC, up 3.9% at 592.00p, 12-month range 248.50p-605.00p. The Edinburgh-based aviation services and cargo handling company accepts a 680p takeover from GIL International Holdings V Ltd, a subsidiary of Kuwait's Agility Public Warehousing Co KSCP. It had previously rebuffed the Kuwaiti firm. The deal values Menzies at GBP571 million on a fully diluted basis and offers an enterprise value of GBP763 million. Menzies has a market capitalisation of GBP544.2 million.
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SMALL-CAP - LOSERS
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Esken Ltd, down 4.4% at 10.88p, 12-month range 9.49p-38.55p. The stock falls after a 5.4% gain on Tuesday. The stock has see-sawed in recent trading days. It fell 4.1% last Thursday before rising 5.6% at the end of last week. It started this week with a 5.3% fall but rose 5.4% on Tuesday. The Carlisle, England-based company works in infrastructure, aviation and energy services.
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Gym Group PLC, down 2.9% at 194.00p, 12-month range 176.40p-317.50p. Leisure stocks were weaker amid a more risk-off mood in markets on Wednesday. Elsewhere on the Main Market, Cineworld Group PLC shares were 3.4% lower and Wagamama owner Restaurant Group PLC was down 3.0%.
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By Eric Cunha; ericcunha@alliancenews.com
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Bloomsbury (BMY)
Gym Grp (GYM)
