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SMALL-CAP WINNERS & LOSERS: Made.com and Hochschild slide again

Fri, 22nd Jul 2022 10:36

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Oxford BioMedica PLC, up 3.4% at 486.60 pence, 12-month range 414.00p-1,678.00p. The stock had bounced early Thursday but encountered selling pressure as the day wore on. It makes another solid start on Friday. The gene and cell therapy firm on Thursday had said it has expanded a license and clinical supply agreement with Juno Therapeutics Inc, part of blue-chip pharmaceutical company Bristol Myers Squibb Co.

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SMALL-CAP - LOSERS

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Made.com Group PLC, down 5.1% at 18.60p, 12-month range 17.40p-188.00p. The furniture retailer falls after figures showed UK retail sales fell in June, as consumers tighten purse strings. Earlier this week, Made.com itself lowered guidance. It said on Tuesday it now expects gross sales to fall by between 15% to 30%. It had previously expected an outcome ranging from flat sales to a 15% fall. Revenue guidance has been lowered to a range of a 9% fall to a 24% fall from between 8% growth and a 7% decline previously. Also struggling following the poor UK retail sales print was AO World PLC, the online electricals retailer fell 1.5%. Made shares have roughly halved this week.

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Hochschild Mining PLC, down 2.3% at 73.94p, 12-month range 68.25p-175.68p. Berenberg cuts the stock to 'hold' from 'buy' and lowers its price target by a third to 100p. The gold and silver miner on Wednesday posted lower first-half production, the stock had slid 6.0% that day.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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