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The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. ---------- SMALL-CAP - WINNERS ---------- Treatt PLC, up 3.5% at 193.00 pence, 12-month range 180.00p-570.00p. Berenberg on Friday cuts the price target for the Suffolk, England-based extracts and ingredients manufacturer to 250p from 440p, with a ’buy’ rating. Deutsche Bank Research also on Friday cuts Treatt’s price target to 200p from 245p, with a ’hold’ rating. Treatt on Thursday lowered its guidance for the financial year ending September 30. This is due to a reduction in second-half sales, lower repeat customer volumes amid ‘competitive pressures’ and low US consumer confidence, and a weaker US dollar exchange rate that caused an around £500,000 profit headwind. Treatt now expects revenue between £130 million and £135 million, against its prior forecast of £146 million to £153 million. Pretax profit before exceptional items is now anticipated at £9 million to £11 million, revised down from £16 million to £18 million. Second-half revenue is now expected at £66 million, compared to its prior £82 million guidance. The firm reported £153.1 million in revenue and £19.1 million in pretax profit before exceptional items for financial 2024. ---------- SMALL-CAP - LOSERS ---------- Benchmark Holdings PLC, down 7.6% at 21.45p, 12-month range 16.50p-44.47p. The Sheffield, England-based aquaculture biotechnology company updates on the results of its tender offer. Benchmark will buy back 127.7 million shares at 25p each, returning £31.9 million in total. Upon completion of the offer, Benchmark expects to continue its discussions regarding the final timetable for the cancellation of its shares trading on Euronext Oslo. ---------- Record PLC, down 4.7% at 60.40p, 12-month range 45.00p-70.00p. The Windsor, England-based specialist currency and asset manager says assets under management at June 30 totalled $107.9 billion, rising from $100.9 billion at March 31. This marks a 6.9% rise over the firm’s first quarter. ‘We saw strong new investment into core Risk Management products including a further 7.6% uplift in Hedging for Asset Managers and benefited from a positive FX movement,’ comments Chief Executive Officer Jan Witte. ‘We also generated £400,000 in performance fees, lower than a very strong first quarter last year, but nevertheless, a good start. Our current year outlook remains highly dependent on the closing of large, complex deals in the pipeline but we maintain our expectation of revenue growth in low single digits and [earnings per share] flat.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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