20th May 2025 10:44
(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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Topps Tiles PLC, up 6.5% at 36.00p, 12-month range 28.05p-49.60 pence. The kitchen and bathroom tiler seller reports an "improving sales trend" in its first half of its financial, and said the second half has started strongly. For the 26 weeks to March 29, it swings to a pretax profit of GBP1.9 million from a loss of GBP1.5 million a year before. Revenue shoots up 16% to GBP142.9 million from GBP122.8 million. "As we look forward to the second half, current trading shows a strong improvement in both our market leading omni-channel business, Topps Tiles, and also in the newer parts of the group; and we have a clear plan to move [recent acquisition CTD Tiles] into profitability by the final quarter of our financial year and into growth beyond that. As a result, we expect our full-year profits to show a meaningful improvement over the prior year," Chief Executive Rob Parker says.
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JPMorgan Emerging Europe, Middle East & Africa Securities PLC, up 5.2% at 252.00p, 12-month range 84.00p-300.00p. Shares have more than doubled over the past 12 months, with the boost on Tuesday stemming from ceasefire hopes in Ukraine. The firm invests in the Middle East, Africa and "emerging Europe", including Russia. US President Donald Trump has said Russia and Ukraine will "immediately" begin ceasefire negotiations. Shares in JPMorgan Emerging EMEA are down over 60% since Russia's invasion of Ukraine early in 2022.
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SMALL-CAP - LOSERS
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FDM Group Holdings PLC, down 7.6% at 230.00p, 12-month range 211.00p-472.00p. The IT-focused professional services provider says trading in the first quarter of 2025 was in line with the board's expectations, in a statement ahead of its annual general meeting on Tuesday. It notes that global macroeconomic and geopolitical uncertainty has continued, alongside hesitancy among some of its customers as they await clarity over US economic policy. As a result, FDM maintains its view that it is too early to increase investment in recruitment for a recovering market.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Jpmorgan EmeaTopps TilesFDM Group