(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Made.com Group PLC, up 22% at 4.14 pence, 12-month range 2.30p-165.00p. Has begun discussions with number of possible buyers and notes it will need up to GBP70 million in funding over the next 18 months. The sofa seller last month announced a strategic review in a bid to revive its fortunes, which have been hit by tumbling demand amid cost-of-living pressures. The options include a sale process or a strategic investment. The company says it has begun discussions with a number of interested parties regarding its sale. The company floated on the London Main Market only last year, listing at 200p in June 2021.
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Dignity PLC, up 11% at 377.00 pence, 12-month range 320.00p-777.40p. The funeral plan and end of life service provider rallies after sliding in recent days. Shares tumbled 14% over the past two sessions. On Friday, it said fluctuating death rates throughout the Covid-19 crisis were continuing to cause internal challenges, as were rising costs. In the half-year ended July 1, death rates fell to 319,000, down by 6.0% from 340,000 at the same time last year. This contributed to reduced revenue, which fell by 12% to GBP166.9 million from GBP189.0 million.
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SMALL-CAP - LOSERS
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Bakkavor Group PLC, down 3.7% at 91.00p, 12-month range 77.90p-139.80p. Share price gains for the London-based fresh prepared food company relent after successive days of gains. Between Thursday and Monday, shares climbed 9.9%.
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By Eric Cunha; ericcunha@alliancenews.com
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