17th May 2022 11:14
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
----------
SMALL-CAP - WINNERS
----------
Vitec Group PLC, up 5.1% at 1,270.00 pence, 12-month range 1,060.00p-1,615.00p. Says trading "strongly" so far in 2022, with record performance for orders, revenue and profit over the four months that ended April 30. "Overall, our end-markets remain buoyant despite some headwinds. We continue to expect to more than offset inflationary pressures with higher pricing. The board is increasingly confident about the outlook for the group for the year," company adds.
----------
Nanoco Group PLC, up 48% at 39.30 pence, 12-month range 17.10p-42.13p. US Patent Trial & Appeal Board rules in favour of the company's patent claims against Samsung Electronics Co. The Manchester-based quantum dots manufacturer brought 47 claims against Samsung for the wilful infringement of its intellectual property under five patents. All claims have now been ruled in favour of Nanoco. The company adds that it expects Samsung to appeal the decision with a potential revised trial in the final quarter of the year.
----------
SMALL-CAP - LOSERS
----------
Schroder British Opportunities Trust PLC, down 2.3% at 84.00 pence, 12-month range 84.00p-110.00p. Makes investment in Mintec. Buckinghamshire, England-headquartered Mintec is a provider of food-related commodity prices, forecasts, and advanced analytics to over 750 companies. Schroder British says the investment is in line with its "focus on backing well positioned, high growth UK businesses, with opportunities for significant expansion herein and a strong alignment between shareholder value and a fundamental positive purpose in society." The size of the investment is undisclosed.
----------
By Paul McGowan; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.