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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Mears Group PLC, up 8.4% at 376.50 pence, 12-month range 307.50p-398.00p. The provider of services to UK housing sector expects results to be marginally ahead of current market expectations for 2024. It puts market consensus at £1.13 billion for revenue and £60.9 million for adjusted pretax profit. It also is ‘increasingly confident of delivering against market expectations’ for 2025, which it puts at £982 million for revenue and £44.7 million for adjusted pretax profit.
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SIG PLC, up 0.9% at 15.34p, 12-month range 15.12p-34.25p. The building products company expects profit in line with market expectations, but reports weaker sales amid a ‘challenging’ backdrop. Like-for-like sales in 2024 fall 4%, but it notes the pace of decline eased to 2% in the second half, from 6% in the first. ‘The group continued to perform well relative to its markets during the second half of 2024, as well as delivering further significant benefits from its cost reduction and efficiency programmes. Whilst these initiatives are helping support near-term performance, they are also strengthening the group’s commercial and operational capability, which will help drive higher profitability as markets recover,’ SIG says. It expects to report revenue of £2.61 billion for 2024, down around 5.5% from £2.76 billion in 2023. Underlying operating profit of £25 million is expected, in line with market expectations, but down more than half from £53.1 million in 2023.
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SMALL-CAP - LOSERS
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Severfield PLC, down 1.4% at 48.60p, 12-month range 39.80p-89.80p. Shares in the structural steel firm fall as it goes ex-dividend, meaning new buyers do not qualify for the latest payout.
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