The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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DFS Furniture PLC, up 6.1% at 134.8 pence, 12-month range 95.9p-170p. The furniture and homeware retailer adds to recent gains, climbing 18% in the past week and 28% over the past month. In September, DFS released its results for the financial year that ended June 25. Despite profit halving and revenue falling, DFS won over investors as it said it continued to win UK market share and outlined a path to improving margins.
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SMALL-CAP - LOSERS
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Superdry PLC, down 17% at 34.85p, 12-month range 28.15p-168.00p. Shares in the clothing retailer hit a 12-month low before recovering somewhat, as it warns its profit for its current financial year ending at the end of April will suffer amid the ‘well-documented challenging trading environment’. The company points to an ‘abnormally mild autumn’ which resulted in a delayed uptake of its Autumn/Winter 23 collection. Retail falls 13% year-on-year in the 26 weeks to October 28, as Wholesale plunges 41%, which Superdry says is partly due to its exit from US wholesale operations. ‘Despite progress on strategic priorities and ongoing programme to recapitalise the balance sheet, the external environment has proven challenging and trading performance has been significantly below management expectations,’ it says.
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De La Rue PLC, down 6.8% at 75.5p, 12-month range 29.10p-84.87p. The security printed products maker says revenue slips 1.7% year-on-year in the six months ended September 30 to £161.5 million from £164.3 million. Currency revenue falls 2.6% to £113.4 million, offsetting a 5.7% rise in Authentication revenue, which reaches £48.1 million. De La Rue also had booked £2.4 million in Identity Solutions revenue in the prior year, with no such revenue recognised in the recent period. Its loss before tax widens to £16.8 million from £15.9 million. However, De La Rue reiterates guidance for £100 million in Authentication revenue for the whole financial year, as well as adjusted operating profit in the early £20 million range.
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