3rd Feb 2025 10:39
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Petra Diamonds Ltd, up 5.5% at 29.00 pence, 12-month range 24.50p-52.80p. Shares recover after successive share price falls at the end of the last week. The South Africa and Tanzania-focused diamond miner lost 6.1% across Thursday and Friday.
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SMALL-CAP - LOSERS
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Speedy Hire PLC, down 28% at 19.71p, 12-month range 18.39p-41.44p. The firm warns annual profit will be lower than expected, as its final quarter has got off to a slow start. In a trading update for the 10 months to January 31, the tools and equipment hire services provider said positive momentum ahead of its fourth-quarter was sapped by "the widely reported economic downturn". "This has resulted in a slower post December shutdown recovery across the majority of our customer base. Further, the delay in [control period 7] rail works has also had an impact on trading in the final quarter but remains a significant opportunity for the group into FY2026," Speedy Hire says.
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Ultimate Products PLC, down 16% at 85.07p, 12-month range 72.12p-185.50p. The owner of homeware brands including Salter and Beldray now expects adjusted earnings before interest, tax, depreciation and amortisation for the financial year ending July 31 to be between GBP14 million to GBP16 million, below the company compiled market consensus of GBP20.6 million. Ultimate Products estimates revenue to be 5.7% lower at GBP79.8 million in the six months that ended January 31 from GBP84.2 million a year prior. A marked fall in the sales of air fryers against a strong comparable weighed on like-for-like performance with revenue down 46% to GBP4.5 million from GBP5.2 million.
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By Eric Cunha, Alliance News news editor
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