SMALL-CAP WINNERS & LOSERS: Equiniti shares fall on swing to 2020 loss
Thu, 1st Apr 2021 10:54
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
SMALL-CAP - WINNERS
Galliford Try Holdings PLC, up 2.8% at 130.56 pence, 12-month range 70p-167.06p. The construction group says its Environment arm has been appointed to Scottish Water s new Non-Infrastructure Framework for the SR21-27 investment programme, in joint venture with MWH Treatment. The new framework is valued at GBP700 million over six years beginning this year, and will see the 50-50 joint venture, known as ESD, support the capital delivery functions of Scottish Water.
Equiniti swings to loss as low rates and cancelled dividends hit sales
Thu, 1st Apr 2021 10:31
(Alliance News) - Equiniti Group PLC on Thursday reported a pretax loss and a drop in revenue for 2020, as the payment and financial administration services provider was hurt by companies cancelling dividends and central banks cutting interest rates.
Shares were down 3.1% to 125.25 pence in London.
The Crawley, West Sussex-based company swung to a pretax loss of GBP6.6 million, after making a GBP39.8 million profit in 2019. Revenue fell 15% to GBP471.8 million from GBP555.7 million.
Equiniti will not pay a dividend for 2020, after paying 1.95 pence per share the previous year. It said it will resume dividends once new orders translate into profit growth, leverage falls and free cash flow to equity holders continues.
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