(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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Procook Group PLC, up 2.8% at 43.68 pence, 12-month range 30.60p-165.00p. Chief Executive Officer Daniel O'Neill buys 500,000 shares in the kitchenware company at 42.5p each on Thursday in deal worth GBP210,000. O'Neill holds a total beneficial interest in 38.7 million shares, representing a 36% stake.
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SMALL-CAP - LOSERS
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Stelrad Group PLC, down 3.6% at 189.00p, 12-month range 185.00p-228.00p. The steel panel radiator manufacturer posts a sharp drop in interim profit due the accounting treatment of its Turkish subsidiary. In the six months ended June 30, the Newcastle, England-based firm reported pretax profit of GBP4.7 million, a sharp drop from GBP12.4 million. The firm took a GBP10.9 million hit to its post-tax profit as a result of IAS 29 adoption in relation to its Turkish subsidiary due to inflation in Turkey exceeding 100% over a three-year period.
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DFS Furniture PLC, down 1.8% at 138.60p, 12-month range 130.14p-287.23p. Shares in sofa retailer hits 12-month low as UBS downgrades the stock to 'sell' from 'neutral'.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Procook Grp (PROC)
Dfs Furn (DFS)
Stelrad Grp (SRAD)