(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Pendragon PLC, up 21% at 26.15 pence, 12-month range 14.55p-27.50p. The car dealer rejected a secret GBP400 million takeover approach from major shareholder Hedin Group, Sky News reported at the weekend. According to Sky, Hedin, which operates more than 200 vehicle showrooms in Belgium, Norway, Sweden and Switzerland through its subsidiary Hedin Bil, tabled a secret 28 pence offer for Pendragon several weeks ago. Sky said Pendragon declined comment.
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Ted Baker PLC, up 15% at 132.40p, 12-month range 79.60p-217.60p. Shares in the fashion retailer continue to climb after Sycamore Partners Management on Friday confirmed a press report that it is considering making an offer for the company. The stock closed up 17% on Friday.
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Funding Circle Holdings PLC, up 13% at 69.64p, 12-month range 61.90p-189.80p. Berenberg starts coverage on the small and medium enterprise loans platform with 'buy' rating.
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Photo-Me International PLC, up 8.3% at 69.50p, 12-month range 53.66p-79.70p. The photobooth laundry machine operator reports swing to profit and reinstates dividend. For the year ended October 31, the Epsom, Surrey-based firm posts a pretax profit of GBP28.6 million, compared to a loss of GBP27.8 million the year before. Revenue, meanwhile, grows 15% to GBP214.4 million from GBP186.3 million, marking double digit growth from the Photobooth and Revolution businesses. Photo-Me declares a dividend of 2.89 pence per share, after declaring none for the year before.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Funding Circle (FCH)