31st May 2023 10:15
(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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Taylor Maritime Investments Ltd, up 1.6% at 84.36 pence, 12-month range 84.48p-126.32p. The Guernsey-based vessel investment company names Henry Strutt as its non-executive chair, effective immediately. Strutt is currently chair of Edinburgh Worldwide Investment Trust PLC. Chief Executive Officer Edward Buttery says: "I am delighted to welcome Henry at such a formative time for TMI. His extensive management experience in both financial services and the investment trust space will position us ideally as we look to generate compelling synergies from our recent acquisition of Grindrod and face the market as a force to be reckoned with in geared dry bulk".
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SMALL-CAP - LOSERS
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James Fisher & Sons PLC, down 0.7% at 365.43p, 12-month range 242.00p-415.50p. The provider of specialist services to the marine, oil and gas and other industries continues to make losses after poor start to 2023. In the year-to-date the stock is down 10% and down 3.7% in the last 12 months. In April, James Fisher reported improved revenue and a swing to profit in 2022, as it looked to turn a corner after a "disappointing financial performance over the past couple of years". James Fisher said revenue for 2022 increased by 8.1% to GBP478.1 million from GBP442.4 million the previous year. It swung to a pretax profit of GBP14.5 million in 2022, from a loss of GBP28.9 million loss in 2021.
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By Sophie Rose, Alliance News reporter
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