17th Nov 2021 11:05
(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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Speedy Hire PLC, up 3.0% at 65.70 pence, 12-month range 60.1p-81.59p. Revenue for the half-year that ended September jumps 28% to GBP188.6 million, and company swings to pretax profit of GBP14.3 million from loss of GBP400,000. Says full-year results to be ahead of current market forecasts with market conditions remaining positive. "During 2022 the board will consider returns to shareholders of any capital in excess of the group's needs consistent with the group's capital allocation policy," the tool, equipment and plant hire company adds.
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Wincanton PLC, up 1.6% at 369.90p, 12-month range 230p-470p. The logistics firm wins five-year contract with fashion retailer Primark for provision of transport services to all its UK stores. Wincanton will make more than 50,000 deliveries to 191 stores across the UK each year, with the contract starting early next year. Chief Executive James Wroath describes contract win as "significant".
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SMALL-CAP - LOSERS
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McColl's Retail Group PLC, down 21% at 14.28p, 12-month range 11.58p-40.58p. The convenience store retailer says continued supply chain disruption hit fourth-quarter revenue, flagging the nationwide shortage of delivery drivers and insufficient supply of some key products. Says full-year adjusted earnings before interest, tax, depreciation and amortisation now expected to be in range of GBP20 million to GBP22 million. This would be down from GBP29.1 million for the 2020 financial year. "It is disappointing to see supply chain issues worsen through the second half, but external factors have not eased, and continue to impact much of the UK economy," says Chief Executive Jonathan Miller.
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Tullow Oil PLC, down 1.5% at 47.1p, 12-month range 22.61p-66.54p. Says full year group capital expenditure to be around USD265 million, having previously been seen at USD260 million, adjusted to take account of revised Kenya expenditure. Holds full-year production guidance in range of 58,000 to 61,000 barrels oil equivalent per day
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By Lucy Heming;Â [email protected]
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