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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Record PLC, up 7.7% at 71.08 pence, 12-month range 60.0p-108.15p. The currency manager reports rise in annual profit prompting it to raise payouts. For the year ended March 31, Record reported a pretax profit of £10.9 million, up 78% from £6.2 million the year before, on revenue which grew 38% annually to £35.1 million. Record declares a final ordinary dividend of 1.8 pence per share, bringing the total payout to 3.6p, up 47% from 2.3p the year before. In addition, the group more than doubles its special dividend to 0.92 pence from 0.45p the year prior.
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SMALL-CAP - LOSERS
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Rank Group PLC, down 4.3% at 78.90p, 12-month range 78.50p-191.00p. Shares in gambling firm hit fresh 12-month low after it downgraded annual guidance again, citing soft demand for its Grosvenor casinos on Monday. Rank cut annual guidance for like-for-like underlying operating profit to £40 million for the year ending June 30. This is down from previously downgraded guidance for a range of £47 million to £55 million from back in April. The stock shed 15% on Monday.
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