16th Aug 2023 10:08
(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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Sabre Insurance Group PLC, up 2.3% at 154.69 pence, 12-month range 80.77p-154.69p. The motor insurance underwriter rises amid positive earnings from bluechip insurers Admiral Group PLC and Aviva PLC. The former reports double-digit interim revenue growth, as profit also rose by 4.1%. The latter swings to an interim post-tax profit of GBP377 million from a loss of GBP198 million, as general insurance gross written premiums rise 12% to GBP5.27 billion from GBP4.69 billion. Admiral rises 5.2%, with Aviva adding 2.7%.
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SMALL-CAP - LOSERS
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Capital Ltd, down 3.3% at 82.60p, 12-month range 79p-118p. The mining services firm says first-half revenue is up 12% year-on-year to USD154.3 million from USD138.1 million, driving pretax profit up 55% to USD23.4 million from USD15.1 million. The firm expects full-year revenue to rise to between USD320 million and USD340 million, from USD290.3 million in 2022. Despite the higher profit, it leaves its interim payout unchanged at 1.3 cents per share.
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By Elizabeth Winter, Alliance News senior markets reporter
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CapitalSabre Insur