5th Jun 2024 11:33
(Correcting description of Henry Boot.)
(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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Biotech Growth Trust PLC, up 0.6% at 960.33 pence, 12-month range 715.00p-1,048.00p. The biotechnology-focused investor reports net asset value per share as at March 31 of 1,078.9 pence, up from 852.6p a year prior. NAV per share total return came to 26.5%, versus the firm's benchmark, which returned 5.0%. This compared to negative 11.0% a year previously. Chair Roger Yates says: "While performance this year has been encouraging and we are relieved to be seeing signs of recovery in the sector, the Board is aware that there is still some way to go before the company fully recovers its relative and absolute losses from the past two years. Nevertheless, our portfolio manager's investment strategy has started once again to yield results."
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SMALL-CAP - LOSERS
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Henry Boot PLC, down 1.1% at 208.67p, 12-month range 170.00p-245.00p. The land development, property and construction business sees shares fall, even after announcing that HBD, its property investment and development arm, has secured planning consent for three units totalling 464,000 square feet at SPARK, Walsall, its GBP110 million gross development value industrial and logistical project. Chief Executive Officer Tim Roberts says: "...Securing detailed planning for the first three units at SPARK is testament to HBD's expertise in navigating an increasingly onerous and complex planning system. We're already seeing good occupier interest in the project, due to the lack of high-quality space with strong sustainability credentials in prime Midlands locations, which gives us confidence that we will have secured an occupier and started on site developing the first units by the end of the year. "
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By Holly Beveridge, Alliance News reporter
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