19th Oct 2021 11:24
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Invesco Asia Trust PLC, up 3.1% at 363.00 pence, 12-month range 302p-425p. The Asian and Australasian-focused investor tracks upbeat Asian stock markets overnight. The SSE Composite Index in Shanghai closes up 0.7%, the Hang Seng in Hong Kong gains 1.5% and South Korea's KOSPI rises 0.7%.
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SMALL-CAP - LOSERS
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McBride PLC, down 5.8% at 65.41p, 12-month range 59.23p-96.52p. The domestic household products manufacturer notes global supply chain issues and says raw material and packaging costs have "moved faster and to a higher level than previously expected". Adds that shortage of haulage capacity and higher fuel costs have continued to substantially inflate distribution costs and this shows no sign of abating in the near-term. As a result, firm is seeking out second round of "substantial" price increases from its customers. "As previously indicated, earnings for FY22 are expected to be weighted to the second half of the financial year, but now with the first half expected to deliver a loss of up to GBP10m at the Ebita level," it says.
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By Lucy Heming;Â [email protected]
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Related Shares:
Invesco AsiaMcbride