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The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. ---------- SMALL-CAP - WINNERS ---------- Xaar PLC, up 7.8% at 194 pence, 12-month range 140p-275p. The inkjet printing technology says annual revenue rises 23% year-on-year in 2022 to £72.8 million from £59.3 million, while pretax profit drops to £800,000 from £1.0 million - both for continuing operations. Says confident of delivering 2023 results in line with its expectations, noting positive momentum and increased investment in inventory. ‘We are continuing to invest in the business adding skills, capability and capacity and continue to work on delivering efficiency gains aimed at improving gross margins and business profitability in the medium term,’ Xaar says. ---------- SMALL-CAP - LOSERS ---------- 888 Holdings PLC, down 2.4% at 53.2p, 12-month range 52.55p-251.8p. The owner of gambling brands falls on news that three businesses owned by William Hill will pay a total fine of £19.2 million for ‘widespread and alarming’ social responsibility and anti-money laundering failures. The UK’s Gambling Commission said the settlement is the largest in its history. Via a spokesperson, 888 says the settlement relates to when William Hill was under previous ownership and management. ‘After William Hill was acquired, the company quickly addressed the identified issues with the implementation of a rigorous action plan,’ it says. ---------- Regional REIT Ltd, down 1.0% at 57.60p, 12-month range 53.40p-88.90p. The real estate investment trust says its portfolio value fell 12% on a like-for-like basis to £789.5 million at the end of 2022, from £906.1 million a year before. This was primarily due to macro-factors affecting the property sector, it says. Net asset value per share falls to 78.1p from 97.4p. More positively, net rent income increases 12% to £62.6 million in 2022. Dividend per share rises to 6.6p from 6.5p. ---------- Copyright 2023 Alliance News Ltd. All Rights Reserved.
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