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SMALL-CAP WINNERS & LOSERS: Reach swings to loss, dividends steady

ALN

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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PayPoint PLC, up 0.3% at 616 pence, 12-month range 438.5p-924.081p. Bank integration provider AccessPay announces a new partnership with payments processor and retailing technology provider PayPoint, to integrate the latter’s confirmation of payee capability into AccessPay’s payments automation suite for finance teams. AccessPay explains: ‘With [£258 million] lost to authorised push payment (APP) fraud in the first half of 2025 alone, organisations need access to robust payment controls that scale with their operations. PayPoint’s CoP offering enables AccessPay’s customers to verify payee account details as part of their payment workflows, reinforcing AccessPay’s position at the centre of a growing ecosystem of technologies designed to automate and de-risk the office of the [chief financial officer].’

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SMALL-CAP - LOSERS

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Reach PLC, down 10% at 61.85p, 12-month range 53.1p-86.1p. The commercial news publisher reports revenue of £518.4 million for the year ended December 31, down 3.7% from £538.6 million the year before. Company swings to a pretax loss of £165.9 million, against the prior year’s £62.8 million profit. Final and total dividends for the year are both flat at 4.46p and 7.34p per share, respectively. Says it is on track to meet market expectations for the full year, ‘underpinned by a 5-6% reduction in adjusted operating costs,’ but that in the first two months of this year it continued to trade against a backdrop of lower lower referral volumes and a challenging macroenvironment, and that it is ‘taking a cautious approach’ to full-year digital performance.

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