(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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THG PLC, up 1.7% at 51.15 pence, 12-month range 31.15p-364.15p. The e-commerce-focused company extends gains from Tuesday, when it had risen 9.8% on news that founder Matthew Moulding and investor Qatar Holding LLC bought SoftBank Group Corp's entire stake in THG.
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Pollen Street PLC, up 3.5% at 780.00 pence, 12-month range 754.00p-995.00p. The alternative investment manager gets a vote of confidence from Liberum. "Pollen Street offers a unique proposition: exposure to a fast-growing, high margin private capital fund management business and a cash generative investment portfolio," Liberum said in a short research note. Pollen Street in its current form was established after a merger between Honeycomb Investment Trust and Pollen Street Capital.
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SMALL-CAP - LOSERS
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Provident Financial PLC, down 4.4% at 158.05p, 12-month range 150.70p-383.80p. The lender says it performed in line with expectations in the third quarter of 2022, despite a tough backdrop. However, Keefe, Bruyette & Woods cuts its recommendation for the stock to 'underperform'.
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Metro Bank PLC, down 2.1% at 73.00p, 12-month range 70.00p-147.80p. Keefe, Bruyette & Woods also cuts the high street lender to 'underperform'.
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By Eric Cunha; ericcunha@alliancenews.com
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Pollen Street (POLN)
Thg (THG)
Metro Bank (MTRO)