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SMALL-CAP WINNERS & LOSERS: On The Beach rises amid gains in travel

9th Aug 2023 09:30

(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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On The Beach Group PLC, up 7.1% at 89.66 pence, 12-month range 81.70p-192.19p. The beach holiday retailer rises amid gains in the travel sector, prompted by positive updates from Tui AG. The Hanover, Germany-based holiday operator says pretax profit in the three months to June 30 was EUR47.0 million, swung from a loss of EUR161.6 million a year prior. Revenue grows 19% to EUR5.29 billion from EUR.4.43 billion. Looking ahead, the company reiterates its expectations for a "strong summer."

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Pod Point Group Holdings PLC, up 3.9% at 32.20p, 12-month range 29.00p-116.00p. The electric vehicle charging infrastructure provider rises, after a poor start to 2023. In the year-to-date the stock is down 50%, whilst in the last 12 months the shares are down 71%.

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SMALL-CAP - LOSERS

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Treatt PLC, down 2.7% at 608.24p, 12-month range 503.36p-816.90p. The manufacturer and supplier of extracts and ingredients for the beverage, flavour and fragrance industries falls. Treat's dividend payment date is on Thursday.

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By Sophie Rose, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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