5th Nov 2021 10:39
(Alliance News) - The following stocks are the leading risers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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River & Mercantile Group PLC, up 3.0% at 279.00 pence, 12-month range 147.00p-301.00p. The advisory and asset management business reports pretax profit growth to GBP10.9 million in the year to the end of June compared to GBP8.3 million profit posted a year prior. Total revenue, meanwhile, rises to GBP74.3 million from GBP70.5 million year-on-year. The company reports fee earning assets under management increase by 8% to GBP47.6 billion over the financial year. River & Mercantile lifts dividend by 23% on the prior year to 11.69p a share.
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SIG PLC, up 0.9% at 52.23p, 12-month range 24.80p-65.00p. The Sheffield-based supplier of insulation, roofing, commercial interiors and specialist construction products confirms that it has priced the offering of EUR300.0 million of 5.25% fixed rate senior secured notes due 2026. The company will use the net proceeds from the offering to repay its existing private placement notes, repay its existing credit facilities and cancel any commitments thereunder, and fund cash on the company's balance sheet for general corporate purposes.
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By Evelina Grecenko; [email protected]
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