31st Mar 2022 09:46
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
Hostelworld Group PLC, up 4.0% at 76.14 pence, 12-month range 57.00p-119.80p. The hostel-focused online travel agency says its revenue rises 10% to EUR16.9 million in 2021, from EUR15.4 million in 2020. Hostelworld's pretax loss narrows to EUR36.6 million from EUR50.5 million. Hostelworld says its "recovery picked up as travel restrictions eased and confidence returned". It notes a "temporary Omicron setback" in the final six weeks of last year, but says it has made a promising start to 2022.
----------
Chesnara PLC, up 3.9% at 308.98 pence, 12-month range 253.63p-319.50p. Reports a higher annual profit and lifts its payout. The Preston, England-based insurance company posts a pretax profit of GBP28.8 million in 2021, up 17% from GBP24.6 million in 2020. Funds under management amount to GBP9.1 billion, up 7.1% from GBP8.5 billion. Chesnara declares a final dividend of 14.72 pence, up 3.0% from 14.29p. This brings its total dividend for 2021 to 22.60 pence, representing 3.2% growth from 21.9p paid the year prior.
----------
SMALL-CAP - LOSERS
----------
EnQuest PLC, down 4.3% at 29.80p, 12-month range 15.16p-32.20p. The oil and gas company, with operations in the UK North Sea and Malaysia, tracks oil prices lower. A barrel of Brent fetched USD106.36 on Thursday morning, down from USD113.56 at the London equities close on Wednesday. Oil prices fell on reports that the US is considering tapping its reserves to combat a supply crisis sparked by the Ukraine war.
----------
By Eric Cunha; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
HostelworldChesnaraEnquest