3rd Jun 2025 10:50
(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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Anglo-Eastern Plantations PLC, up 5.4% at 804.00 pence, 12-month range 598p-811p. Shares in the company, which owns and operates oil palm plantations in Indonesia and Malaysia, have been restored to trading on the Official List, effective from Tuesday morning. The shares were temporarily suspended on May 1 due to the audit of its 2024 financial statements being delayed.
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SMALL-CAP - LOSERS
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MJ Gleeson PLC, down 22% at 404.00p, 12-month range 406p-654p. The Sheffield, England-based housebuilder says it expects operating profit at Gleeson Homes, for the financial year ending June 30, to be around 15% to 20% below current expectations. This is because its previous forecast, for operating profit in line with market guidance, included proceeds from the disposal of a land holding in Yorkshire which is now not expected to proceed. Also, Gleeson Homes' gross margin for the year will be approximately 1% lower than previously expected. "The pace of the housing market recovery has not been sufficient to offset the cumulative impact on Gleeson Homes' gross margin of a number of headwinds through the year," MJ Gleeson explains. "These include increased build costs, flat selling prices, the continued use of incentives and several bulk sale transactions." Going forward, the company expects "a number of factors... including planning delays" to continue affecting Gleeson Homes into financial 2026, with the gross margin for that year also forecast to be around 1% lower than previously expected.
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By Emma Curzon, Alliance News reporter
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