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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Record, up 5.1% at 74.20 pence, 12-month range 60p-107.64p. Extends gains after rising 7.0% on Tuesday as it hiked its annual dividend, both ordinary and special, following a double-digit rise in profit and revenue for the period. For the year that ended March 31, the currency and derivatives manager on Tuesday reported 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, driven by growth in the group’s managed assets, particularly in Record’s higher revenue margin products, as well as a 37% increase in management fees.
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SMALL-CAP - LOSERS
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Pharos Energy, down 7.0% at 20.75p, 12-month range 18.58p-32.93p. Tracks lower oil prices, with Brent trading below $110 a barrel for the first time in a month.
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