(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Reach PLC, up 8.2% at 80.40 pence, 12-month range 59.10p-87.35p. The London-based newspaper, magazine and digital publisher says it is on track to deliver on its full-year expectations following its first quarter. Consensus market expectations for the full year are GBP97.6 million in adjusted operating profit. For the three months ended March 31, the company expects to report a 6.7% drop in revenue from a year prior. Says revenue is impacted by "the well publicised deprioritisation of news during 2023 by major platforms", partially offset by strengthening yield per page. The higher priority data-driven revenue continues to perform strongly, Reach says, driven by a combination of non-advertising and advertising revenue. The publisher owns the Mirror and Express brands.
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SMALL-CAP - LOSERS
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Robert Walters PLC, down 2.2% at 387.15p, 12-month range 353.00p-480.00p. Shares in the London-based recruitment consultancy firm fall as it goes ex-dividend, meaning new buyers do not qualify for the latest payout. The stock is down some 13% in 2024, from 450.00p in the new year.
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Alfa Financial Software Holdings PLC, down 2.3% at 168.22p, 12-month range 140.00p-196.50p. The London-based provider of software services to the asset and automotive finance industry also goes ex-dividend. The stock is up around 20% in the year so far this year, however.
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By Hugh Cameron, Alliance News reporter
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Reach Plc (RCH)
Robert Walters (RWA)
Alfa Fin (ALFA)