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(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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Yu Group PLC, up 27% at 585.00 pence, 12-month range 162.55p-800p. The supplier of energy and utility solutions notes continued strong trading, with key performance indicators of revenue, profitability and cash generation all showing very strong growth. It now expects revenue, margins and cashflow for 2023 to be "substantially ahead" of current market expectations. "I'm delighted to report a further increase in our expectation of revenue, profit and cash, and I'm looking forward to present a ninth consecutive half year improvement in our interim results," says Chief Executive Officer Bobby Kalar.
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Savannah Resources PLC, up 22% at 4.50 pence, 12-month range 2.04p-5.00p. The energy company, with projects in Cameroon, Chad, Niger and Nigeria, says the Portuguese environmental regulator has issued a positive declaration of environmental impact for its wholly owned Lithium project in northern Portugal. With this "key positive decision", the project can now progress to the next stage of the environmental licencing process, Savannah Resources adds. "This represents a major milestone for the Project and is the first positive DIA for a lithium raw material supply project in Portugal, while implementing European best ESG practices," it says.
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AIM - LOSERS
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Purplebricks Group PLC, down 21% at 0.50p, 12-month range 0.40p-20.00p. The online real estate agent says an indicative takeover proposal from real estate company Lecram Holdings Ltd has withdrawn its offer from Purplebricks. Purplebricks continues to recommend shareholders vote in favour of the potential takeover by Strike at its general meeting Friday. Purplebricks has launched a strategic review to consider the options available to the company back in February. Following this, its formal sale process was launched at the start of March.
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By Sophie Rose Alliance News reporter
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