9th Dec 2021 11:10
(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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S&U PLC, up 3.5% at 2,700 pence, 12-month range 1,840.00p-2,950.00p. The motor finance and property bridging lender says growth continues to rebound and is trading strongly. Says growth is accelerating in both businesses, despite a relative lack of used car supply and a quieter housing transaction market over the past quarter. "As a result, S&U has laid the trading and financial foundations for a return to its historical levels of significant, sustainable and profitable growth," it says.
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Galliford Try Holdings PLC, up 2.3% at 186.20p, 12-month range 100.00p-213.00p. The construction firm says it has been appointed to the GBP7 billion UK Department for Education 2021 construction framework, winning eight lots of work as part of the UK government's four-year framework spanning across England. Galliford Try also says it has won a new GBP55 million contract to build the Galashiels Community Campus on behalf of Scottish Borders Council and Hub South East.
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SMALL-CAP - LOSERS
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Go-Ahead Group PLC, down 20% at 563.00p, 12-month range 531.00p-1,463.00p. Shares in the transport operator hit 12-month low after it admitted to errors and failings in the way it ran the Southeastern rail franchise. Go-Ahead says the review of London & South Eastern Railway franchise with the UK government found that "serious errors" were made by LSER in its dealings with the Department for Transport over several years. Go-Ahead faces a potential fine, and its shares will be suspended from trading at the start of the new year, as its review of the situation means it will miss the deadline for publishing its results.
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Made.com Group PLC, down 11% at 120.00p, 12-month range 112.20p-214.44p. The bespoke homewares and furniture retailer says worsening supply chain disruptions are expected to delay a greater proportion of revenue to 2022. As a result, Made.com lowers 2021 revenue guidance to a range of GBP365 million to GBP375 million, down from GBP410 million previously guided.
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By Arvind Bhunjun; [email protected]
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