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SMALL-CAP WINNERS & LOSERS: Topps Tiles warns of rising costs

2nd Apr 2025 09:40

(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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Panther Metals PLC, up 8.1% at 39.46 pence, 12-month range 36.00p-148.12p. The developer of mineral projects, focused on Canada, reports data from a soil survey at the Dotted Lake project in Ontario. Chief Executive Officer Darren Hazelwood hails "valuable insights" from the data. "The gridded soil assay data has returned highly anomalous standout gold and critical mineral geochemical trends and anomalies," Panther Metals adds. It says "strong base metal trends are also apparent".

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SMALL-CAP - LOSERS

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Topps Tiles PLC, down 4.9% at 32.35p, 12-month range 28.05p-49.60p. The tile seller says sales in the first half ended March 29 rise 4.0% on-year to GBP127.7 million. "While trading through January was slower, volumes began to build progressively thereafter, with this improving trend culminating in a strong performance in March, when the group's underlying sales (excluding CTD) increased by a high single digit percentage compared to the previous year," it explains. However, it says the "external cost environment remains challenging". Hikes to the UK national living wage and national insurance will "collectively increase the group's cost base" by around GBP4 million on annualised basis.

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Liontrust Asset Management PLC, down 3.2% at 355.17 p, 12-month range 354.80p-865.00p. The stock looks set to register a sixth-successive day of decline. Shares in the asset manager have fallen over 10% during this losing streak. It sets a 52-week low on Wednesday.

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By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


Related Shares:

Topps TilesPanther MetalsLiontrust Asset Management
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Value8,499.85
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