(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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SmartSpace Software PLC, more than doubles to 68.19 pence, 12-month range 33.25p-68.50p. The surge in share prices follows Skedda proposing to buy the Bury St Edmunds, England-based designer and builder of smart software solutions. It has offered the company 82p per share, more than double the closing price of 33.5p on Monday. The offer values SmartSpace at GBP25.0 million. Skedda comments: "Skedda is excited by a potential of a combination with SmartSpace. Skedda believes that it can provide SmartSpace with the considerable financial support and technical expertise that Skedda believes will be necessary for SmartSpace to maintain its technological advantage in a rapidly developing and increasingly competitive sector."
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MS International PLC, up 9.3% to 940.00p, 12-month range 420.00p-979.90p. The defence equipment manufacturer reports that revenue in the six months ended October 31 rose to GBP57.0 million from GBP42.0 million a year earlier. Pretax profit more than doubled to GBP7.7 million from GBP3.5 million. On the back of the results, MS increases interim dividend to 3p from 2p. "We believe that we have continued to enhance the performance of the group's businesses and with considerable confidence, we look forward to delivering further progress across the group," it says.
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AIM - LOSERS
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RWS Holdings PLC, down 6.4% at 231.80p, 12-month range 180.00p-417.49p. In the year ended September 30, the Buckinghamshire, England-based technology-enabled language services provider swings to a pretax loss of GBP10.9 million from a GBP83.3 million profit the year before. Says this is mainly due to impairment charges of GBP62.4 million relating to its Language & Content Technology division's cash generating units. Revenue dipped 2.1% to GBP733.8 million from GBP749.2 million a year prior. Despite this, RWS ups final dividend by 3.2% to 9.80 pence per share from 9.50p a year before, bringing its total dividend to 12.20p per share, up 3.8% from 11.75p in financial 2022. Looking ahead, RWS says trading in the current financial year has been trading in line with its expectations, adding that developments in artificial intelligence and large language models are creating growth opportunities.
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By Sophie Rose, Alliance News senior reporter
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