(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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Marshall Motor Holdings PLC, up 11% at 230.00 pence, 12-month range 120p-262p. The automotive retailer lifts full-year outlook as it continues to outperform the wider UK new car market. Is benefiting from "exceptionally strong" new car margins due to supply shortages, which has offset reduced volumes. "Whilst there remains continued uncertainty over vehicle supply and the timing of a realignment to more usual market conditions, given the continuation of favourable market conditions and the group's strong operational performance throughout Q3 2021, the board now expects that continuing underlying profit before tax for 2021 will be not less than GBP50m," it says.
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Alpha Financial Markets Consulting PLC, up 2.6% at 355.0p, 12-month range 206p-378p. Is "very pleased" with strong interim performance and backs full-year expectations. reports positive trading conditions in six months to September 30 and strong margins. "The group has also successfully delivered strong sales wins and grown its opportunity pipeline through the first half," it says.
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AIM - LOSERS
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FW Thorpe, down 9.0% at 396.00p, 12-month range 280p-520p. On Tuesday the lighting systems firm reported a rise in pretax profit for financial year that ended June 30 to GBP20.1 million from GBP15.9 million in financial 2020 on revenue that increased to GBP117.9 million from GBP113.3 million. It noted component supply shortages and ongoing Covid-related disruption. Stock closed up 0.2% on Tuesday. It remains 15% higher since start of 2021.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Thorpe (TFW)
Alpha Financial Markets Consulting (AFM)