(Correcting why Capital & Regional PLC shares have risen and removing reference to Shaftesbury PLC.)
The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Capital & Regional PLC, up 3.3% at 60.40 pence, 12-month range 42p-67p. Shares rise, following Thursday’s annual results. The London-based investment trust swung to pretax profit of £5.0 million in 2022 from a loss of £16.9 million in 2021. Revenue grew by 11% to £60.6 million from £54.6 million, with occupancies improving. The occupancy rate rose to 94.1% from 92.9%. Capital & Regional resumed dividends, paying out 5.25 pence. Looking forward, Capital & Regional predicted a more than 20% increase in adjusted profit in the medium term. In 2022, adjusted profit rose by 59% to £10.3 million from £6.5 million.
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PPHE Hotel Group Ltd, up 7.1% at 1,241.99 pence, 12-month range 1,005p-1,617.25p. Shares continue ascent following Thursday’s annual results. The real estate firm said revenue in 2022 amounted to £330.1 million, more than doubling from £141.4 million. The result topped market expectations, it added. It swung to a pretax profit of £8.3 million, from a £47.5 million loss. It reinstated its dividend last year, with a 3 pence per share interim payout. PPHE declared a 12p final dividend, taking its yearly total to 15p. Looking to 2023, it said ‘booking momentum’ continued in the first two months of the year. It expects revenue growth in 2023.
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SMALL-CAP - LOSERS
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Schroder UK Public Private Trust PLC, down 5.2% at 13.22p, 12-month range 12.75p-29.25p. The London-based investment trust nears its all-time low of 12.75p seen in February. The stock is down 17% in the year-to-date.
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