SMALL-CAP WINNERS & LOSERS: Kin & Carta rises; Restaurant Group slides

(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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Kin & Carta PLC, up 4.6% at 198.70 pence, 12-month range 164.00p-359.00p. The London-based business consultancy reports hefty revenue growth for the financial year that ended July 31. Net revenue climbs 48% to GBP190.3 million, rising by 37% on a like-for-like basis. Less positively, pretax loss widens to GBP15.9 million from GBP5.8 million. Looking ahead, Kin & Carta expects organic constant currency revenue growth of 15% to 20% in financial 2023. It expects an additional 6% to 7% boost from acquisitions.

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SMALL-CAP - LOSERS

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Marston's PLC, down 3.2% at 36.77p, 12-month range 33.66p-85.00p. The pub operator returns some of its 5.8% climb on Tuesday, when it had reported that sales for the financial year that ended October 1 fell just short of pre-virus levels.

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Restaurant Group PLC, down 4.8% at 30.85p, 12-month range 27.82p-107.93p. Berenberg cuts the Wagamama noodle chain owner to 'hold' from 'buy' and slashes its price target to 35p from 65p.

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By Eric Cunha; ericcunha@alliancenews.com

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