The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
----------
SMALL-CAP - WINNERS
----------
International Personal Finance PLC, up 6.0% at 123.00 pence, 12-month range 62.77p-124.00p. The company which offers small, unsecured cash loans reports that revenue in the first half of 2023 rose to £380.0 million from £297.4 million a year earlier. Pretax profit jumps to £37.8 million from £33.8 million, which the company says is ahead of internal plans. International Personal Finance ups interim dividend by 15% to 3.1p per share versus 2.7p a year ago. Looking ahead, International Personal Finance expects receivables growth to be more modest for full year and its returns to moderate. It adds that it has a ‘strong balance’ sheet which underpins confidence in continuing to deliver a ‘good’ set of results for the year as a whole.
----------
Rank Group PLC, up 9.3% at 100.36 pence, 12-month range 52.40p-107.60p. The gambling company rises after a strong start to 2023. In the year-to-date the stock is up 27%, picking up from a 9.8% increase in the last 12 months.
----------
SMALL-CAP - LOSERS
----------
Ricardo PLC, down 2.1% at 574.00p, 12-month range 45.00p-619.60p. The environmental and engineering consulting company says in the year ended June 30, it has continued to trade in line with its expectations, delivering full-year growth in orders, revenue and underlying operating profit compared to the prior year. It says ‘robust’ performance reflects the strong order intake in the period, with orders of about £520 million and 17% revenue growth.
----------
Copyright 2023 Alliance News Ltd. All Rights Reserved.
