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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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PipeHawk PLC, up 25% at 24.55 pence, 12-month range 5.59p-24.55p. The technology solutions to highways, automotive, rail and aerospace industries provider says subsidiary QM Systems Ltd has signed a ten-year lease for a modern open space building at Hartlebury Industrial Estate It is the largest industrial estate in Worcestershire, approximately seven miles north of Worcester at an annual rental of GBP263,000 with a rent-free period. "The new premises will house our ongoing project business to develop and manufacture automated manufacturing and test systems, which when combined with our own proprietary MES technology provide a leading edge No Fault Forward production environment together with our expansion into new contract manufacturing," says Chair Gordon Watt.
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React Group PLC, up 20% at 2.04p, 12-month range 1.25p-3.80p. The cleaning, hygiene and decontamination company wins new long-term contract with the ExtraCare Charitable Trust. Says new five-year contract starts at the beginning of April and is worth a minimum of GBP1.0 million per year. The minimum value of the new contract is more than three times greater than the previous contract and covers a larger number of facilities, it says.
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ADVFN PLC, up 10% at 77.00p, 12-month range 23.00p-94.99p. The financial information website says it will begin a formal sales process as part of a strategic review that has been unanimously approved by the board. The review has been prompted by the company's desire to explore new options to deliver value for shareholders.
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ASOS PLC, up 11% at 2,501.55p, 12-month range 1,970.50p-5,994.95p. The online fashion retailer outlines plans to move to the London Main Market from AIM. ASOS also provides a trading update for the last four months of 2021. Total revenue rose by 2.1% to GBP1.39 billion from GBP1.36 billion a year before. In constant currency, the increase was 5%. Rival boohoo is up 4.6% in positive read-across.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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