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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Braemar Shipping Services PLC, up 3.7% at 245.74 pence, 12-month range 198.00p-311.70p. Shares get a boost after shipping services firm Clarkson PLC says it expects its 2022 performance to be ‘materially’ ahead of its previous expectations. Clarkson shares are up 14%.
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EnQuest PLC, up 2.6% at 22.05 pence, 12-month range 16.90p-37.35p. The stock tracks Brent prices higher. The North Sea crude benchmark rises to $100.65 a barrel, from an overnight low of $98.24. EnQuest is a North Sea and Malaysia-focused oil and gas company, and the stock had fallen by 2.5% on Tuesday as oil prices dipped below $100 a barrel.
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SMALL-CAP - LOSERS
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Marston’s PLC, down 3.7% at 45.24p, 12-month range 43.00p-89.80p. JD Wetherspoon PLC drags pub peer Marton’s lower. Wetherspoon’s warns a boom in pub sales following the easing of Covid curbs has not quite materialised. For the financial year ending July 31, Wetherspoon now expects a loss of £30 million on an IFRS 16 basis. It had previously guided a ‘break-even outcome for profits’. Wetherspoon shares are down 7.9%.
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