The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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TT Electronics PLC, up 5.1% at 146.00 pence, 12-month range 133.60p-189.80p. The electronic component manufacturer sees revenue in the first half of 2024 fall 11% to £274.4 million from £309.1 million a year earlier. Pretax profit falls to £9.9 million from £16.0 million. TT increases dividend to 2.25p from 2.15p. Chief Executive Peter France says: ‘The group’s order book and current momentum of order intake in our components business underpin our confidence in the full year outturn.’
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Mears Group PLC, up 2.8% at 349.50p, 12-month range 249.82p-398.00p. The social housing and maintenance service company reports 10% jump in revenue to £580.0 million in the first half of 2024, up from £525.6 million. Pretax profit surges 44% to £30.5 million from £21.2 million. Increases dividend to 4.75p from 3.70p. Mears says the positive momentum achieved in the first six months of 2024 has continued into the second half.
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SMALL-CAP - LOSERS
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Lindsell Train Investment Trust PLC, down 7.2% at 760.00p, 12-month range 1,002.00p-713.92p. The investment trust sees its shares fall after slow start to 2024. In year-to-date, the stock is down 11%.
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