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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Avation PLC, up 2.4% at 93.20 pence, 12-month range 83.00p-125.00p. The commercial passenger aircraft leasing company reports interim results against a backdrop of severe disruption caused by pandemic. For six months to December 31, generates revenue of $57.9 million, down from $61.3 million year before, but pretax loss narrows to $15.9 million from $60.5 million. Looking ahead, Avation sees more interest from airlines to buy or lease aircraft as pandemic subsides.
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Xaar PLC, up 1.0% at 208.00p, 12-month range 135.68p-260.00p. The inkjet printing technology provider acquires industrial ink management companies Megnajet Ltd and Technomation Ltd for a total amount of around £4 million. Post acquisition, it is intended that the businesses of Megnajet and Technomation will be merged, and the combined business will trade under the Megnajet name, Xaar says.
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SMALL-CAP - LOSERS
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Hunting PLC, down 2.3% at 233.50p, 12-month range 142.80p-297.00p. The energy services company’s annual results hindered by reduction in activity in global oil and gas market from 2020 continuing. For 2021, posts pretax loss from operations of $85.5 million, narrowed from $223.0 million in 2020, on revenue of $521.6 million, down from $626.0 million. Says that while Covid-19-related operational issues have persisted into the first quarter, things are improving and it is well-positioned for a much-improved 2022.
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Galliford Try Holdings PLC, down 1.5% at 181.60p, 12-month range 118.30p-213.00p. The construction company suffers a first-half pretax loss, though it hikes dividend. For the six months that ended December 31, swings to pretax loss of £2.6 million from profit of £4.1 million a year before, on revenue of £594.0 million from £542 million. Attributes this to increased costsof sales and administrative expenses. Declares an interim dividend of 2.2p a share, up from 1.2p year prior.
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