Hot Small Caps - Moss Bros falls on profit warning

LONDON (Reuters) - Following is a round-up of key small cap movers on the London stock market on Monday.

2:31 p.m. BST - Moss Bros falls on profit warning

Shares in Moss Bros (MOSB.L) slide 12 percent to 16.75 pence after the men's fashion retailer warns on its full-year profit, saying like-for-like sales for the 44 weeks to November 29 fell 3.6 percent and that recent trading has been dire.

"Sales declines have accelerated but it is scant consolation that Moss Bros appears to be outperforming its market ... We believe that, for the most recent month or so, like-for-like sales have been around 10 percent down on last year's level," says Altium analyst David Stoddart, who cuts his annual pretax profit forecast for the group to a pretax loss of 5 million pounds from a loss of 1 million pounds.

2:10 p.m. BST - Land of Leather up on bid talk

Shares in Land of Leather LAN.L soar 50 percent to 9.75 pence after the struggling furniture retailer says it has received approaches which could lead to an offer for the business.

Traders say the sofa chain, which has no debt, is being eyed by the Stancroft Trust, owned by Nicholas Berry, the millionaire son of former Daily Telegraph proprietor Lord Hartwell, and buyout business Sun European, which owns rival furniture retailer ScS Upholstery.

"Talk in the market is about bids coming from Sun Europe and the Stancroft Trust, which has a decent sized stake in ScS and Land of Leather and is known to be keen on combining the two businesses," traders at KBC Peel Hunt say.

"Land of Leather's market cap was 2.3 million pounds on Friday but now, since it has no debt, it is worth more like 6.8 million pounds, which equates to about 20 pence per share and there's a feeling that's the sort of level a bid would come in at," they say.