14th Feb 2024 10:13
(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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Bloomsbury Publishing PLC, up 11% at 543.72 pence, 12-month range 365.00p-547.90p. The company expects annual results to be "significantly ahead of upgraded market expectations". The publisher notes that consensus for the financial year ending February 29 stands at GBP291.4 million for revenue and GBP37.2 million for pretax profit before "highlighted items". The consensus figures would represent growth of 10% for revenue and 20% for profit. "I am overjoyed to report an exceptionally strong period of trading, principally driven by the increasing demand for fantasy fiction," Chief Executive Nigel Newton says. The stock hits a record high on Wednesday.
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TheWorks.co.uk PLC, up 11% at 24.60 pence, 12-month range 21.00p-42.00p. Acquisition vehicle Kelso Group Holdings said its own chief executive and chief financial officer have been appointed to the board of the arts and crafts retailer. John Goold, Kelso's CEO and Mark Kirkland, its CFO, join TheWorks as non-executives. Kelso has a 5.1% stake in the TheWorks, whose shares remain down 12% over the past year.
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Hostelworld Group PLC, up 0.7% at 142.00 pence, 12-month range 101.00p-157.80p. Canaccord starts coverage of the Dublin-based hostel booking company with a 'buy' recommendation and 247p price target.
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SMALL-CAP - LOSERS
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Carclo PLC, down 6.5% at 8.24p, 12-month range 8.00p-16.25p. The supplier of technical plastics products reports the "strategic closure" of a facility in Tucson, Arizona. "This decision represents the culmination of our US restructuring efforts, aimed at optimizing our operational footprint and aligning closely with our strategic objectives," it adds.
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By Eric Cunha, Alliance News news editor
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