The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
Funding Circle Holdings PLC, up 29% at 36.10 pence, 12-month range 25.00p-60.80p. The small and medium enterprise loans platform says revenue in 2023 operating income rose to £154.8 million from £133.7 million a year earlier. Net income jumped £168.2 million from £155.8 million. Pretax profit widens to £33.2 million from £12.9 million. Funding Circle says it will raise up to £25 million through a share buyback.
----------
Kier Group PLC, up 5.9% at 144.00p, 12-month range 64.00p-147.40p. The infrastructure services, construction and property company reported results for the six months ended December 31. Revenue in the half year rose 22% to £1.86 billion from £1.53 billion. Pretax profit edged £27.0 million from £25.4 million. On the back of the results, Kier pays out interim dividend of 1.67p. CEO Andrew Davies says: ‘The second half of the financial year has started well, and we are trading in-line with expectations. The group is well positioned to continue benefiting from UK government infrastructure spending commitments and we are confident in sustaining the strong cash generation achieved over the last 18 months, allowing us to continue to significantly deleverage the group.’
----------
SMALL-CAP - LOSERS
----------
Residential Secure Income PLC, down 3.9% at 49.76p, 12-month range 48.00p-72.20p. The real estate investment trust shares fell, after a slow start to 2024. In the year-to-date, shares are down 15%.
----------
Copyright 2024 Alliance News Ltd. All Rights Reserved.
