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SMALL-CAP WINNERS & LOSERS: Gulf Marine evacuates from Gulf vessels

ALN

The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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SMALL-CAP - WINNERS

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Capita PLC, up 2.9% at 347.75 pence, 12-month range 174.9p-407.5p. The London-based outsourcer announces its selection to deliver ‘the Synergy Business Process Services contract’ for four major UK government departments. Expects this contract to commence this month, and to run for up to ten years, with the option of three one-year extensions after the first seven. The contract is worth £370 million over the ten-year period. Capita says it will be delivering tech-enabled back-office services for public servants across the Department for Work & Pensions, Ministry of Justice, Home Office, and the Department for Environment, Food & Rural Affairs. These will include HR, payroll, recruitment, finance, procurement, and service desk support.

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SMALL-CAP - LOSERS

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Gulf Marine Services PLC, down 12% at 19.94p, 12-month range 14.7p-24.15p. The provider of support vessels to the offshore energy industry says it has received instructions, with which it ‘has complied promptly’, from an unnamed Middle East client to immediately evacuate personnel from four vessels operating under its jurisdiction. Says this is a precautionary measure due to ‘the ongoing situation in the Gulf region’. Gulf Marine adds that it is closely monitoring the situation, and is working to quantify the potential impact of recent events in the region on its financial and operational performance. Intends to issue further updates ‘as appropriate, in due course.’

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