20th Jul 2022 10:34
(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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Costain Group PLC, up 12% at 38.83 pence, 12-month range 32.05p-64.89p. The construction firm says revenue for the first-half of 2022 was ahead of expectations. Costain said it has increased prices to cope with inflation. Revenue for the full-year is also expected to top market expectations. Adjusted operating profit in the first half was in line with board expectations.
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Kin & Carta PLC, up 6.5% at 183.10 pence, 12-month range 164.00p-359.00p. The London-based business consultancy expects net revenue at GBP191 million for the year ended July 31, up 48% from GBP128.9 million the previous year. Adjusted operating profit is expected to grow by 50% from GBP12.2 million the previous year at constant currency, with margins in line with market expectations. Kin & Carta also announces the retirement of its chief executive, J Schwan, at the end of its current financial year. He will be succeeded by Kelly Manthey, currently chief executive of the Americas.
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SMALL-CAP - LOSERS
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Aurora Investment Trust PLC, down 3.2% at 187.84p, 12-month range 181.00p-254.00p. Shares give back more recent gains. The investment trust, which has stakes in the likes of Frasers Group PLC and easyJet PLC, is on track for a second successive share price fall. The stock had risen for three trading days prior to Tuesday's decline, adding 5.2% in the process.
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By Eric Cunha; [email protected]
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