22nd Jun 2022 11:07
(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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Record, up 5.1% at 74.20 pence, 12-month range 60p-107.64p. Extends gains after rising 7.0% on Tuesday as it hiked its annual dividend, both ordinary and special, following a double-digit rise in profit and revenue for the period. For the year that ended March 31, the currency and derivatives manager on Tuesday reported pretax profit of GBP10.9 million, up 78% from GBP6.2 million the year before, on revenue which grew 38% annually to GBP35.1 million, driven by growth in the group's managed assets, particularly in Record's higher revenue margin products, as well as a 37% increase in management fees.
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SMALL-CAP - LOSERS
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Pharos Energy, down 7.0% at 20.75p, 12-month range 18.58p-32.93p. Tracks lower oil prices, with Brent trading below USD110 a barrel for the first time in a month.
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By Lucy Heming; [email protected]
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RecordPharos Energy