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The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. ---------- SMALL-CAP - WINNERS ---------- Halfords Group PLC, up 0.4% at 142.60 pence, 12-month range 112.60p-169.80p. RBC raises the price target for the Redditch, England-headquartered motoring and cycling products retailer to 150 pence from 145p, with a ’sector perform’ rating. ---------- SMALL-CAP - LOSERS ---------- Videndum PLC, down 6.5% at 69.75p, 12-month range 28.30p-362.50p. Expects 2024 results to be in line with guidance provided in its trading update in December. Its prior forecast included £280 million in full-year revenue, down 8.8% from £306.9 million in 2023, and a £25 million exceptional charge against its adjusted continuing operating profit. Videndum expects to reset all future covenants under its revolving credit facility, and is progressing work towards the refinancing of the facility, which is due to expire in August 2026. ---------- Ricardo PLC, down 2.2% at 222.00 pence, 12-month range 206.00p-536.22p. Expects to deliver trading within the range of analyst expectations for its current financial year due to end June 30, as second-half cost reduction efforts have largely offset the ‘short-term order and currency volatility’ that arose a result of market uncertainty. ‘This reflects the continued focus on prioritising growth in resilient end markets, delivering an efficient cost base and focused cash management,’ adds Chief Executive Officer Graham Ritchie. Net debt is expected at the lower end of analyst guidance, before the impact of restructuring costs needed to deliver expense reductions. Ricardo anticipates at least an incremental £10 million in cost savings for financial 2026. The firm believes itself ‘well positioned to deliver significant value creation’ for shareholders in the medium-term. In the past weeks, shareholder Science Group repeatedly criticised Ricardo’s financial performance and demanded governance change. Science Group has a stake of 20.08% in Ricardo as of early April. Its shares are down 1.1% on Tuesday. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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