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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Lookers PLC, up 4.2% at 81.13 pence, 12-month range 59.70p-102.00p. The motor dealer says the new UK retail car market grows by 1.0% in the fourth quarter of 2022, after falling 1.5% in the third. Lookers says it outperforms the wider market by about 3.1%. Group like-for-like unit sales rise 8.6% on-year in the final quarter. It also wins a deal to represent an unnamed Chinese electric vehicle manufacturer, which is eyeing entry to the UK market. Caffyns PLC rises 7.0% in a positive read-across.
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Hostelworld Group PLC, up 4.0% at 121.00 pence, 12-month range 57.00p-128.52p. The hostel booking company hails a ‘recovery in Europe and in particular, Asia and Oceania’ as net bookings hit 4.8 million in 2022. Revenue amounts to €70 million, compared to €16.9 million in 2021. ‘As we exit 2022 and begin 2023, we are also pleased to report that early trading results are in line with expectations,’ it adds.
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SMALL-CAP - LOSERS
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Reach PLC, down 26% at 80.80p, 12-month range 64.40p-282.00p. The Daily Mirror owner says revenue in the fourth quarter to December 25 dropped 4.2% year-on-year. Annual revenue was 2.3% lower. During the final quarter, advertising revenue alone slumped 20%.
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