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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Bakkavor Group PLC, up 9.6% at 110.00 pence, 12-month range 80.10p-141.00p. The fresh prepared food maker is one of the winners from the latest UK inflation data. Food and non-alcoholic beverage prices surged 13% yearly in July, quickening from a 9.8% hike in June, according to the Office for National Statistics.
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SMALL-CAP - LOSERS
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Cineworld Group PLC, down 43% at 11.91p, 12-month range 11.52p-85.16p. The stock hits this 12-month low on Wednesday. The Picturehouse chain operator says the number of film goers has been ‘below expectations’ recently, which it blames on a weaker film slate. Cineworld says it is in ‘active discussions with various stakeholders’ to mull ways to bolster its coffers and possibly restructure its balance sheet, though a ‘comprehensive deleveraging transaction’. Any deleveraging is likely to dilute the value of its shares, it cautions.
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Made.com Group PLC, down 6.1% at 9.77p, 12-month range 7.75p-180.00p. The sofa seller is one of the losers on news of the UK yearly inflation rate topping 10%. The stock slides on consumer confidence fears. With prices for essentials surging, Made.com sales may come under pressure.
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Hochschild Mining PLC, down 5.0% at 77.27p, 12-month range 68.25p-175.68p. The miner’s profit slumps to $15.3 million in the six months to June 30, from $97.8 million a year ago.
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