(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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Joules Group PLC, up 15% at 60.00 pence, 12-month range 51.00p-310.00p. The lifestyle brand posts a jump in interim revenue and expresses confidence in its long-term prospects. For six months to November 28, revenue was GBP127.9 million, up 35% from GBP94.5 million year before and pretax profit doubles to GBP2.6 million from GBP1.3 million. Looking ahead, Joules says it remains confident in ability to deliver profitable growth for financial 2023. Last week, the stock had hit a 12-month low, falling 46% in one day, after Joules warned on annual profit and said that revenue over the Christmas period and January was lower than it had expected.
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Midwich Group PLC, up 5.7% at 634.00p, 12-month range 420.00p-700.00p. The audio-visual distributor has agreed to acquire specialist communication technology company Nimans. Midwich will acquire Nimans from Nycomm Holdings for GBP27.5 million in cash, funded from existing cash reserves.
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Ixico PLC, up 3.3% at 47.00p, 12-month range 45.10p-115.00p. The medical imaging company wins a GBP1 million contract to provide PET and MRI imaging services to an unnamed European biopharmaceutical company specialising in neurodegenerative conditions.
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AIM - LOSERS
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Numis Corp PLC, down 3.7% at 286.00p, 12-month range 274.00p-419.86p. Shares hit 12-month low as the corporate broker saw slower start to its second quarter amid damped risk appetite among investors concerned by surging inflation and rising interest rates. Numis says: "Mounting inflation and interest rate concerns have impacted broader equity markets in recent weeks, with a reduction in investor risk appetite and capital markets activity. As such, we have had a slower start to our second quarter, albeit our pipeline and outlook for the second half across both M&A and Capital Markets is encouraging."
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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