24th Jun 2025 09:48
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Dialight PLC, up 17% at 160.40 pence, 12-month range 86.00p-275.64p. The industrial LED lighting firm reports a pretax loss of USD14.1 million for the year to March 31, narrowing from USD34.3 million in the comparison period, which is the 15 months to March 31, 2024. Dialight had changed its financial year end date from December 31. For the 12 months to March 31, 2024, the pretax loss was USD31.1 million. Revenue from the year just ended was USD183.5 million, down 19% from USD226.0 million in the 15 months, but up 0.8% over the 12 month period. "We are driving what is within our control and are cautiously optimistic about what we can achieve on behalf of customers, employees, shareholders and indeed other stakeholders in the current financial year and beyond. Notwithstanding current geopolitical uncertainties, in particular US tariffs impacts, the group's trading has started well in April and May. For the current financial year, we remain confident in the group making further progress," Chief Executive Officer Steve Blair says. It makes a "positive start" to the new year.
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Gulf Marine Services PLC, up 8.4% at 20.37p, 12-month range 14.15p-21.95p. Shares in the Abu Dhabi-based provider of self-propelled and self-elevating support vessels for the offshore energy sector had struggled since the onset of the armed conflict between Israel and Iran, closing on Monday down around 14% from before the war began. Ceasefire hope sends shares in Gulf Marine higher on Tuesday, though Israel announces a "violation" from Iran.
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On the Beach Group PLC, up 5.3% at 277.00p, 12-month range 127.75p-290.00p. RBC starts the online holiday retailer at 'outperform'. Ceasefire hopes also lift the wider travel sector, with budget carrier easyJet the best FTSE 100 performer, up 6.3%.
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SMALL-CAP - LOSERS
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EnQuest PLC, down 7.3% at 13.12p, 12-month range 9.95p-16.60p. Shares in the oil and gas company, with operations in the UK and Malaysia, tracks crude lower. A barrel of Brent trades at USD68.90 on Tuesday morning, down 9.8% from USD76.39 at the time of the London equities close on Monday.
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By Eric Cunha, Alliance News news editor
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On The BeachEnquestDialighteasyJet