(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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Capital Ltd, up 2.8% at 96.4 pence, 12-month range 79p-118p. The service provider for the global minerals industry says its majority-owned subsidiary completes a USD10 million equity fundraise. MSALABS, a geochemical laboratory services provider, receives funds from both Capital and minority shareholders. "These funds will be used to finance the construction of new laboratories to support the continued rollout of both Chrysos PhotonAssay laboratories and our traditional geochemistry business," it says. It will set the business up for the "next wave of growth", MSALABS CEO Stuart Thomson says.
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SMALL-CAP - LOSERS
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MJ Gleeson PLC, down 2.1% at 377p, 12-month range 331p-560p. In the financial year to June 30, Gleeson Homes completes 1,723 homes sales, slowing year-on-year from 2,000 homes, which reflects the "downturn in the wider economy". Selling prices remained "resilient", however. Its order book at June 30 was 665 plots, up from 618 a year before. Gleeson Land sold 3 sites, with the potential to deliver 413 plots for housing development. "Whilst planning delays and economic uncertainty are causing some larger housebuilders to hesitate in completing land purchases, mid-size and regional housebuilders remain active buyers of high-quality consented land," the company says. Expects results for financial year to be in line with market expectations.
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By Elizabeth Winter, Alliance News senior markets reporter
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Capital (CAPD)
MJGleeson (GLE)