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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PensionBee Group PLC, up 3.1% at 168.00 pence, 12-month range 59.80p-180.00p. The London-based online pension provider’s shares were up on Wednesday morning, ahead of the publication of its half-year results later in the day. In April, the firm reported revenue for the three months to March 31 of £7 million, up 42% from £5 million the year before. Meanwhile, adjusted earnings before interest, tax, depreciation and amortisation loss in the first quarter narrowed to £2 million from £5 million. At the time, the PensionBee said it was ‘confident’ in its potential for continued growth and profitability. More recently, the group celebrated a successful launch in the US, after its subsidiary PensionBee Inc registered with the US Securities & Exchange Commission as an investment adviser. It expects to be profitable in the UK on an adjusted Ebitda basis for the full 2024 financial year.
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SMALL-CAP - LOSERS
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Henry Boot PLC, down 2.5% at 215.40p, 12-month range 170.00p-237.00p. The land development, property and construction business has completed a £15 million industrial and logistics unit at Airport Business Park Southend, while also being granted planning permission to bring forward a further 75,000 square feet. Chief Executive Officer Tim Roberts says: ‘HBD’s practical completion and further expansion at ABPS is testament to the quality and appeal of the premium, purpose-built sites we design and deliver, which are highly sought after by occupiers. We look forward to maintaining our partnership with Southend-on-Sea City Council as Airport Business Park Southend continues to establish itself as a leading industrial and logistics hub in the region, welcoming businesses of all sizes to expand and innovate. Additionally, achieving further planning permission allows us to continue to meet high occupier demand and ease the critical undersupply of industrial space that exists in the Southend area.’
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