25th Jun 2025 09:51
(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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THG PLC, up 16% at 32.62 pence, 12-month range 22.90p-69.55p. The stock spikes to its best level since March as it reports a "much improved" second-quarter in its Beauty and Nutrition arms, and hails a return to revenue growth for the group as a whole. The Manchester-based retail firm, behind brands such as Lookfantastic and Myprotein, says the group returned to constant currency revenue growth in the quarter "underpinned by a strong June exit rate, supporting unchanged full-year 2025 guidance". THG shares remain down 47% over the past 12 months, however.
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Warehouse REIT PLC, up 5.9% at 113.10p, 12-month range 74.29p-114.20p. Tritax Big Box REIT reaches a cash and shares deal to acquire Warehouse REIT. The deal values the fellow industrial warehouse investor at GBP485.2 million. Tritax Big Box will pay 47.2p in cash, plus 0.4236 of one of its own shares, for each share in Warehouse REIT. Warehouse shareholders also will be entitled to their quarterly dividends on both July 25 and October 6. Warehouse REIT on Wednesday declared a fourth quarter interim dividend for financial 2025 of 1.60p, flat with a year earlier. This values Warehouse REIT shares at 114.2p, for a total equity value of GBP485.2 million. This is a 4.8% premium to a prior 109p per share cash takeover proposal from New York-based Blackstone. Earlier in June, Warehouse REIT had agreed to acquisition terms from Blackstone that valued the business at GBP470 million. The Warehouse REIT board now has withdrawn that recommendation in favour of the bid from Tritax Big Box., whose shares were down 1.7%.
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SMALL-CAP - LOSERS
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Ultimate Products PLC, down 31% at 51.25p, 12-month range 43.80p-150.00p. The stock hits this 12-month low on Wednesday. The owner of homeware brands including Salter and Beldray warns that it expects full-year adjusted earnings before interest, tax, depreciation and amortisation below consensus. It expects an adjusted Ebitda for the year ending July of GBP12.5 million, against consensus of GBP14.3 million. It would also be below the GBP18.0 million it achieved in financial 2024. UP says revenue in the four months to May rose 3% on-year, but sales were weighted to "lower margin product categories and sales channels". It means the gross margin was similar to what it achieved in the first half. The adjusted Ebitda for the period was flat. UP also reports a lower rate of order intake by retail customers. Second half revenue alone is expected to be flat on-year. What's more, its order book, down 7.5% annually, suggests a slow start to the next financial year. "Given the current trading environment, the board therefore believes it is prudent to expect FY26 revenue to be lower than FY25, at a level broadly in line with the current order book position," the firm adds.
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ProCook Group PLC, down 5.0% at 38.00p, 12-month range 17.29p-44.00p. The stock returns gains after surging following the opening bell. It had traded 4.1% higher earlier Wednesday. The kitchenware seller reports improved annual earnings in the financial year ended March. Pretax profit is GBP1.2 million, rising 61% from GBP730,000 the year prior. Revenue shoots up 11% to GBP69.5 million from GBP62.6 million. The stock went into the results with a year-to-date rise of 6.7%, and shares that have more than doubled over the past 12 months.
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By Eric Cunha, Alliance News news editor
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Related Shares:
ThgWarehouse ReitProcook GrpUltimate Products