(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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PRS REIT PLC, up 4.3% at 76.1 pence, 12-month range 80.2p-114p. The UK-focused real estate investment trust rises as it declares a quarterly dividend of 1.0p for the first quarter, the three months to September, of its financial year.

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SMALL-CAP - LOSERS

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Kin & Carta PLC, down 0.7% at 106.60 pence, 12-month range 55.2p-253.5p. The business consultancy says in the year to July 31, revenue edges down to GBP195.9 million from GBP197.1 million a year before, due to "macroeconomic challenges" while its pretax loss widens to GBP20.7 million from GBP15.6 million. It records a non-cash goodwill impairment in the UK and acquisition-related charges of GBP34.1 million. "The market slowed significantly in Q2, presenting fewer new business opportunities as companies scrutinised their project spending. Widespread macroeconomic volatility led to extended sales cycles, cautious client spending, and intense competition," the firm explains. New business remains "highly competitive" in the digital transformation market, with sales cycles still proving "challenging". In the middle of October, the firm agreed to a GBP203 million buyout offer from funds advised by private equity advisory firm Apax Partners. It expects this to complete in the first quarter of 2024, subject to shareholder and regulatory approvals.

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By Elizabeth Winter, Alliance News senior markets reporter

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