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Share Price: 62.60

Bid: 61.70

Ask: 62.60

Change: 1.85 (3.05%)

Spread: 0.90 (1.459%)

Open: 62.00

High: 66.65

Low: 60.45

Prev. Close: 60.75

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AIM WINNERS & LOSERS: Blue Star jumps; Virgin Wines profit slumps

Tue, 14th Mar 2023 11:07

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Blue Star Capital PLC, up 39% at 0.25 pence, 12-month range 0.12p-0.54p. The stock surges on an update concerning its SatoshiPay investee. Blockchain company Pendulum releases its 'Spacewalk' blockchain bridge, which aims to bridge the gap between the decentralized finance and traditional fintech services sectors. "Pendulum is committed to advancing foreign exchange trading into the blockchain space to integrate a tranche of the USD6.6 trillion traded daily in forex markets. It is hoped that the Spacewalk bridge will serve as critical infrastructure to bring stablecoin liquidity required for forex trading to Pendulum," Blue Star explains. Blue Star has a 28% stake in SatoshiPay, which in turn has a 5.5% interest in Pendulum's future tokens.

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ITM Power PLC, up 6.4% at 85.64p, 12-month range 66.02p-424.20p. Signs deal with utilities connections expert Power On Connections Ltd to lift power supply at Bessemer Park to 30 megavolt amperes by end of 2024 from 7.5 megavolt amps currently. "This additional power supply will enable ITM Power to significantly increase product testing aligned with our growth ambitions," ITM says.

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AIM - LOSERS

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Virgin Wines UK PLC, down 13% at 42.40p, 12-month range 42.40p-138.00p. The online wine retailer posts weaker half-year results amid inflationary pressure. Revenue in the six months to December 31 falls 17% to GBP33.6 million from GBP40.6 million a year earlier. Pretax profit plunges 97% to GBP90,000 from GBP3.2 million. "As previously announced in our year-end trading update, profitability was impacted during the first half, with a number of macroeconomic headwinds exacerbating certain internal and operational challenges which we encountered particularly over our peak Christmas trading period," Chief Executive Jay Wright says.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

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18 May 2022 10:34

LONDON BROKER RATINGS: Kepler cuts Astra to hold; RBC raises Reckitt

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday afternoon:

13 Apr 2022 10:55

RBC Capital Markets upgrades ITM Power to 'outperform'

(Sharecast News) - RBC Capital Markets upgraded ITM Power on Wednesday to 'outperform' from 'sector perform' and hiked the price target to 500p form 300p.

13 Apr 2022 10:03

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(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday afternoon:

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(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

23 Mar 2022 20:54

TRADING UPDATES: Challenger Energy benefiting from oil price spike

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

20 Mar 2022 19:30

Sunday newspaper round-up: TTIP, Lloyds, Ted Baker

(Sharecast News) - German finance minister, Christian Lindner, is calling for a fresh push in the wake of the invasion of Ukraine to put in place a trade deal between the European Union and the US. The last attempt, known as the Transatlantic Trade and Investment Partnership (TTIP), was put to rest in 2016, during the Trump administration. In remarks made to Handelsblatt, Lindner said the conflict had made clear how important it is to foster free trade with partners who share the same values. He was speaking ahead of a planned visit to a NATO summit by US President Joe Biden later in March. - Sunday Telegraph

16 Mar 2022 11:00

IN BRIEF: ITM Power says Leuna contract module testing delayed

ITM Power PLC - South Yorkshire-based energy storage and clean fuel firm - Says 24 megawatt Leuna contract is delayed due to a local supply chain constraint involving tooling for the scale up of stack manufacture. ITM previously said Factory Acceptance Testing for all 12 modules would be completed by late April, but FAT completion for delayed modules is now expected in the new financial year, which starts in May.

16 Mar 2022 10:58

AIM WINNERS & LOSERS: Alpha FX and Restore grow profit in 2021

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

16 Mar 2022 07:47

ITM Power anticipates slight delay in testing of Leuna modules

(Sharecast News) - Energy storage and clean fuel company ITM Power said on Wednesday that there would now be a slight delay in factory acceptance testing on some of the modules associated with its 24 MW Leuna contract.

11 Mar 2022 10:21

LONDON BROKER RATINGS: Exane ups Shell; UBS starts Trainline at sell

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

9 Mar 2022 12:51

Citi bullish on ITM Power, Nel and Ceres Power on EU drive for energy security

(Sharecast News) - Analysts at Citi sounded a bullish note on shares of ITM Power in the wake of the European Union's just announced plans to make the bloc independent from Russian gas "well before 2030" with 'green hydrogen' given a central role.

1 Mar 2022 09:37

LONDON BROKER RATINGS: JPMorgan upgrades Mondi and ITM Power

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

1 Mar 2022 08:17

LONDON BRIEFING: abrdn lauds "reset year" as revenue rises in 2021

(Alliance News) - Asset manager abrdn on Tuesday reported its first increase in annual revenue since the merger that created the current company.

16 Feb 2022 11:46

Credit Suisse slashes target on ITM Power due to faster-than-expected decline in PEM pricing

(Sharecast News) - Analysts at Credit Suisse reiterated their 'underperform' recommendation for shares of hydrogen energy solutions provider ITM Power due to the pressure on the company's prices as joint-venture partner Linde takes a larger share of the system price.

15 Feb 2022 11:17

LONDON BROKER RATINGS: RBC lifts Unilever and cuts BAT

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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AIM WINNERS & LOSERS: Blue Star jumps; Virgin Wines profit slumps

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