5th Mar 2025 10:51
(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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Galliford Try Holdings PLC, up 10% at 384.5p, 12-month range 231p-396p. The Uxbridge, England-based construction company reports pretax profit of GBP20.0 million for the half year ended December 31, up 54% from GBP13.0 million the year before. Revenue has increased 13% to GBP923.2 million from GBP819.1 million "with growth across our operations". Declares interim dividend of 5.5p per share, up 38% from 4.0p. The company says it enters the second half "with improved confidence" for the full year ending June 30, expecting revenue and adjusted pretax profit "above the top end of the range of current market expectations". "Our recent major long-term framework wins and order book provide clear visibility and security of future workloads well beyond the current financial year and we welcome the government's commitment to grow the economy by major investment in infrastructure and development," comments Chief Executive Bill Hocking. "Our performance and future outlook give us confidence to improve our expectations for the full year to 30 June 2025 and we are committed to delivering long-term sustainable value for our stakeholders."
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Capita PLC, up 8.7% at 14 pence, 12-month range 12.5p-21.65p. The London-based outsourcing and professional services company reports swing to GBP116.6 million profit in 2024, against its GBP106.6 million loss in 2023. Revenue declines 14% to GBP2.42 billion from GBP2.81 billion, while adjusted revenue declined 8.0% to GBP2.4 billion. Cost of sales decreased to GBP1.91 billion from GBP2.22 billion and Capita also reports a GBP184.6 million gain on disposal of businesses, having exited Fera in January last year and Capita One in September, compared with the prior year's GBP2.4 million loss. Medium-term targets are unchanged but Capita expects adjusted revenue "to be broadly in line with 2024 overall" and cites the GBP5 billion of opportunities currently in its contract pipeline.
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CAB Payments Holdings PLC, up 6.4% at 56.2p, 12-month range 51.2p-165.6p. The London-based payment processing and foreign exchange provider names James Hopkinson as its new chief financial officer, effective immediately. CAB, which will release its 2024 full-year results on March 13, says Hopkinson "is a highly accomplished senior finance executive bringing strong broad based and highly relevant experience". Notes that he was most recently group CFO at Metro Bank Holdings PLC, which he joined in 2022, and before that was CFO of ClearBank Ltd. Chief Executive Officer Neeraj Kapur comments: "James brings significant experience to our group, with deep knowledge of the markets we serve...I am excited to partner with him as he adds another level of rigour, strength and knowledge that is needed to deliver our transformation strategy."
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By Emma Curzon, Alliance News reporter
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Related Shares:
Galliford TryCapitaCab PaymentsMetro Bank