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The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. ---------- SMALL-CAP - WINNERS ---------- Marston’s PLC, up 16% at 58.00 pence, 12-month range 31.10p-58.29p. Marston’s reports annual profit growth, despite revenue edging fractionally lower, and the pub chain says ‘Christmas bookings are strong’. Pretax profit in the financial year that ended September 27 jumped to £88.3 million from £14.4 million, though revenue slipped 0.1% to £897.9 million from £898.6 million. On a like-for-like basis, sales rose 1.6%. ‘We’ve delivered another strong year ahead of plan, executing on our strategy to be a high-margin, highly cash-generative local pub company. For the second consecutive year, we’ve delivered significant growth in profit, margin and free cash flow, underlining the strength of our market-leading pub operating model and the outstanding work of our teams,’ CEO Justin Platt says. Marston’s says like-for-like sales in the eight weeks to November 22 are tracking in line with the prior year. Christmas bookings are ‘strong’, 11% higher than the prior year. ‘The group is well positioned for a strong festive period and FY2026, supported by ongoing format conversions and a robust calendar of demand-driving events, including the 2026 World Cup,’ it says. ---------- SMALL-CAP - LOSERS ---------- Ferrexpo PLC, down 5.0% at 67.10p, 12-month range 41.30p-124.00p. Shares in the iron ore pellet producer return some of their recent advance. Shares in the firm, which operates in Ukraine, are up around 40% over the past week amid optimism for peace. Russia launched a wave of attacks on Ukraine on Tuesday, killing at least six people in strikes that hit city buildings and energy infrastructure, the Associated Press reports. The attacks followed talks between US and Ukraine representatives in Geneva on Sunday about a US-Russia brokered peace plan. Oleksandr Bevz, a delegate from the Ukrainian side, told the Associated Press the talks had been ‘very constructive’ and the two sides were able to discuss most points. US army secretary Dan Driscoll met Russian officials for several hours in Abu Dhabi on Tuesday, a US official confirmed to the Associated Press. ---------- Tullow Oil PLC, down 3.9% at 3.93p, 12-month range 3.70p-27.98p. The stock is down over 50% in the past week and it sets a new 12-month low on Tuesday. On Friday last week, Tullow shares sank after the oil and gas producer in Ghana and the Ivory Coast said it is engaging ‘with bondholders, commodity traders and other private sources’ on refinancing its capital structure, ahead of a bond maturing in May 2026. Given market risks and operational performance, Tullow said it is also exploring ‘alternative options’ with creditors, including amend-and-extend measures and liability management exercises. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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