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Share Price: 422.50

Bid: 415.00

Ask: 430.00

Change: -5.00 (-1.17%)

Spread: 15.00 (3.614%)

Open: 427.50

High: 422.50

Low: 419.00

Prev. Close: 427.50

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AIM WINNERS & LOSERS: Staffline rises on better-than-expected quarter

Mon, 26th Apr 2021 10:24

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

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AIM - WINNERS

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Ethernity Networks Ltd, up 19% at 56.00 pence, 12-month range 11p-58p. Hits this 12-month high earlier on Monday. The Israel-based networking and security solutions provider receives additional payment of GBP256,766 from US-based specialist investor 5G Innovation Leaders Fund LLC under investment agreement signed last September.

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Staffline Group PLC, up 12% at 77.54p, 12-month range 23.10p-82.38p. The Nottingham-based recruitment firm says first-quarter trading topped internal expectations as the UK jobs market showed signs of life after being battered by Covid-19. Revenue in quarter to March 31 up 0.2% annually GBP227.9 million from GBP227.5 million. Underlying operating profit more than doubles to GBP1.4 million from GBP600,000 a year earlier. Staffline says trading was "ahead of management expectations", giving the firm "increased confidence in the full year".

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React Group PLC, up 11% at 2.82p, 12-month range 0.9p-3p. The cleaning, hygiene and decontamination firm wins new three-year contract to supply a range of reactive cleaning and decontamination services to an unnamed "leading" facility management company. The contract will be an increase in business with an existing customer. It will provide cover to a portfolio of more than 2,000 locations across the country.

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AIM - LOSERS

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Tristel PLC, down 15% at 569.00p, 12-month range 390p-680p. The manufacturer of infection prevention and contamination control products reports slow start to third quarter sales. Says sales in all markets in 2021 started very slowly because of the impact of Covid-19 on patient examinations. In the UK, this trend has continued through the company's third quarter to the end of March. Tristel expects demand conditions to improve significantly in the UK in next financial year.

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By Lucy Heming;Â lucyheming@alliancenews.com

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