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AIM WINNERS & LOSERS: Science in Sport puts up for sale sign

Fri, 30th Sep 2022 11:25

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

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AIM - WINNERS

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Joules Group PLC, up 32% at 6.6 pence, 12-month range 4p-232p. Late Thursday, the country lifestyle retailer notes it is making "good progress" in developing its turnaround plan, which is focuses on "driving higher profitability". "The company continues to make good progress on its simplification agenda and cost management process. Interpath Advisory is assisting the board with an initial assessment of certain elements as part of the development of this turnaround plan," it adds. Continues to assess its ongoing financing requirements, including a possible equity raise.

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AIM - LOSERS

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Real Good Food PLC, down 31% at 0.9p, 12-month range 0.9p-3.5p. The AIM listing hits an all-time low as it grapples with soaring costs. The food manufacturer, which has been determined to "hunker down" and keep a lid on expenses, may have to implement deeper cost cuts, it warned. "Having commenced a voluntary redundancy programme in May 2022, which will reduce headcount by 51, the board has been working with external consultants to put into effect a more radical reform of the group to eliminate overhead costs, and to build stronger partnerships with key customers. Further headcount reductions will therefore be required," the company said.

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Science in Sport PLC, down 30% to 16.5p, 12-month range 16.5p-79p. The sports nutrition company hits an all-time low. It begins a strategic review, stating its current market capitalisation "fundamentally undervalues the company". The review could result in the sale of the company or of certain assets, it says. In the six months to June 30, its loss widens to GBP7.2 million from GBP2.9 million a year before. Also plans placing to raise GBP5.0 million in issue 33.3 million new shares.

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By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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9 May 2023 14:28

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25 Nov 2022 14:43

Joules announces resignation of CFO York as it prepares to be wound up

(Alliance News) - Joules Group PLC on Friday said that Chief Financial Officer Caroline York had left the business, with effect from yesterday.

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21 Nov 2022 11:16

PRESS: SA's Foschini considers rescue offer for UK retailer Joules

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18 Nov 2022 19:49

TRADING UPDATES: Joules nomad resigns; Pharma C loss narrows

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

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16 Nov 2022 17:04

Joules collapses into administration

(Sharecast News) - Beleaguered fashion and lifestyle retailer Joules collapsed into administration on Wednesday, putting more than 1,600 jobs at risk.

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16 Nov 2022 16:57

Joules shares to be cancelled after Interpath named as administrators

(Alliance News) - Joules Group Plc on Wednesday said it expects the listing of its shares to be cancelled after naming Interpath Ltd as administrators.

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14 Nov 2022 12:25

LONDON MARKET MIDDAY: UK-focused FTSE 250 slips before autumn budget

(Alliance News) - Stock prices in London were mostly lower at midday on Monday, save for the FTSE 100, as investors looked ahead to a busy week for UK politics.

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Retailer Joules to call in administrators as financing talks fail

(Alliance News) - Trading in the shares of Joules Group PLC was suspended on Monday, as the cash-strapped retailer said refinancing discussions have failed, and it will call in administrators.

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14 Nov 2022 07:44

Joules to call in administrators

(Sharecast News) - Retailer Joules has decided to call in administrators after failing to raise new funding, putting around 1,700 jobs at risk.

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(Alliance News) - The FTSE 100 stood out on Monday, but for the wrong reason, as share price falls for some of its largest constituents meant the index London large-caps underperformed versus the mid-cap FTSE 250 and European indices.

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