The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Digital 9 Infrastructure PLC, up 0.5% at 113.56 pence, 12-month range 103.80p-118.40p. The digital infrastructure investor increases revolving credit facility by £75 million, taking total commitment to £375 million. Notes it can still increase facility by additional £125 million.
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SMALL-CAP - LOSERS
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TheWorks.co.uk PLC, down 23% at 35.50p, 12-month range 29.10p-70.00p. Shares in gifts, arts, crafts, toys, books and stationery retailer hit 12-month low after profit warning. TheWorks says its outlook is more cautious due to heightened uncertainty against a tough consumer backdrop. Says it still expects to be able to grow sales in the remainder of financial 2023, but is uncertain level of growth will be in line with original expectations required to offset cost pressures such as high freight costs and increases to national living wage. ‘In light of this uncertainty, and reflecting its desire to maintain a more cautious approach in these market conditions, the board has materially lowered its expectations in relation to FY23’s result,’ it explains.
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Robert Walters PLC, down 2.9% at 502.90p, 12-month range, 444.75p-892.00p. SThree PLC, down 1.4% at 365.70p, 12-month range 312.50p-610.00p. Shares in recruiters are lower amid cautious outlook comments from FTSE 250-listed rival PageGroup PLC, which highlighted a ‘slight slowing in time to hire’ in July across some of its markets, as it left forecasts unchanged.
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