17th May 2023 10:03
(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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XP Power Ltd, up 6.5% at 2,365 pence, 12-month range 1,402p-3,470p. Shares in the Singapore-based maker of power controllers rise ahead of its ex-dividend payment date on Thursday. In mid-April, it declared a first-quarter dividend of 18p, unchanged from the previous year.
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SMALL-CAP - LOSERS
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On The Beach PLC, down 6.4% at 102.40p, 12-month range 88.8p-251.95p. The beach holiday retailer extends Tuesday's share decline, after its interim results fell short of market expectations. OTB had closed down 13%. In the six months ended March 31, revenue rose 38% year-on-year to GBP73.2 million from GBP52.9 million. Less impressively, pretax loss narrowed to GBP6.0 million from GBP7.0 million, which disappointed analysts who had been hoping for more progress on the bottom line.
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Tyman PLC, down 2.1% at 252p, 12-month range 182.4p-306.5p. Shares in the supplier of engineered fenestration components and access solutions to the construction industry fall as Peel Hunt cuts the stock to 'add' from 'buy'.
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By Elizabeth Winter, Alliance News senior markets reporter
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