31st Oct 2024 11:07
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Synthomer PLC, up 7.1% at 185.08 pence, 12-month range 118.00p-338.00p. The developer of highly specialised polymers said its third-quarter was in line with expectations. "We expect to make some earnings progress (on a continuing Group basis adjusting for the divested Compounds business), and to be modestly free cash flow positive in 2024, despite the absence of a broad-based macroeconomic demand improvement," it said.
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Evoke PLC, up 5.0% at 62.15p, 12-month range 49.18p-297.60p. Shares extend gains after a relief rally on Wednesday. Evoke owns the William Hill and 888 betting brands. The stock jumped 12% on Tuesday after the gambling sector was spared from regulatory scrutiny in the chancellor's budget. Earlier in October, the Guardian reported that the Labour government was considering an up to GBP3 billion tax hit on the sector.
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SMALL-CAP - LOSERS
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Ferrexpo PLC, down 9.7% at 60.80p, 12-month range 38.15p-92.90p. The iron ore pellet maker, which operates in Ukraine, returns a sizeable chunk of the gains it has made during a bullish run this month. Since the end of September, the stock is about by around a quarter. The October gain stood at around 40% prior to Thursday's slump.
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Card Factory PLC, down 5.6% at 85.81p, 12-month range 85.66p-144.25p. Card Factory shares went ex-dividend on Thursday, meaning new buyers do not qualify for the latest payout.
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By Eric Cunha, Alliance News news editor
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