25th Oct 2022 11:01
(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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THG PLC, up 13% at 52.37 pence, 12-month range 31.15p-325.33p. Reports revenue growth in the third quarter, boosted by its Beauty and Nutrition units, which offset a steep decline in OnDemand. The e-commerce retailer said its total revenue increased 2.1% in the third quarter to GBP518.6 million from GBP507.8 million. Its Beauty unit saw 4.9% growth, while Nutrition added 2.9%. Product personalisation unit OnDemand however fell by 19%. "Consumer behaviour during the third quarter remained stable and consistent, reflecting the resilience of beauty, health and wellness categories," THG, which trades as The Hut Group, said. It added that its fourth quarter has started positively.
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SMALL-CAP - LOSERS
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On The Beach Group PLC, down 2.7% at 90.00 pence, 12-month range 88.80p-355.00p. Sees fall in cheaper holidays but expects underlying profit before tax to be in line with market expectations for the twelve months ended September 30. Says group sales for the year were 16% ahead of the 2019 financial year, when revenue was reported at GBP140.4 million. Though it acknowledged the impact of significantly disrupted trade, with sales of three-star holidays for the 2022 financial year 18% below 2019, the company remained optimistic in its outlook. Sees growth in five-star holiday sales of 83% compared to 2019.
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By Paul McGowan; [email protected]
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