(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Atome Energy PLC, up 30% at 148.56 pence, 12-month range 50.00p-165.00p. The hydrogen and ammonia producer signs a new long-term 60 megawatt power purchase agreement with ANDE, the national electricity supply and distribution company of Paraguay. Says this is the largest single PPA ever signed between ANDE and an industrial user.
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Cap-XX Ltd, up 15% at 5.34p, 12-month range 4.01p-9.39p. The ultra-thin prismatic and cylindrical supercapacitors maker announces a joint venture with Ionic Industries Ltd, a Melbourne-based developer of energy storage devices. CAP-XX Ltd will own 51% of the joint venture, with Ionic Industries owning 49%. The joint venture aims to commercialise reduced graphene oxide for supercapacitors and other energy storage devices, CAP-XX says.
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AIM - LOSERS
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Joules Group PLC, down 36% at 35.19p, 12-month range 33.25p-310.00p. Shares in UK lifestyle retailer hit 12-month low as Chief Executive Officer Nick Jones is set to depart and company warns over future growth. Joules says Jones is to step down during first half of the next financial year and the search for a successor will begin immediately. The retailer also says market conditions have become more challenging during and following the Easter period as consumer confidence has been dented by the rising cost of living. Says these challenges anticipated to continue during the first half of financial 2023 and is cautious about near-term outlook.
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Boohoo Group PLC, down 13% at 69.44p, 12-month range 63.32p-346.66p. The online fashion retailer posts a sharp annual profit plunge driven by high item return rates, subdued consumer confidence, and international woes. Pretax profit in the year ended February 28 drops 94% to GBP7.8 million from GBP124.7 million a year prior. Revenue increases 14% to GBP1.98 billion from GBP1.75 billion. Compared to financial 2020, revenue is up 61%. For the current year, it expects low-single digits revenue growth and an adjusted Ebitda margin between 4% to 7%. boohoo expects to continue being "impacted by pandemic-related factors" this year.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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