(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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Tekmar Group PLC, up 11% at 53.04 pence, 12-month range 36.00p-76.50p. The Darlington-based offshore energy industry services firm wins a deal to supply cable protection systems at Dogger Bank. The wind farm is located off the North East coast of England. The project, a joint venture between SSE PLC, Eni Spa and Equinor ASA, will become the world's largest offshore wind farm.
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Westminster Group PLC, up 7.9% at 3.07 pence, 12-month range 2.80p-6.70p. The Banbury, Oxfordshire-based security contractor wins a screening and surveillance equipment deal in southeast Africa worth USD1.7 million. Funded by the European Investment Bank, Westminster will upgrade security equipment at two airports. The stock had hit this 12-month low on Thursday.
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AIM - LOSERS
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Conygar Investment Co PLC, down 4.0% at 156.00p, 12-month range 100.00p-166.88p. The company plans to raise GBP10 million through a placing of 6.7 million shares at 150p each. The price a 7.7% discount to its closing price on Thursday. "The company has a number of potential uses for the proceeds from the Issue, all of which will assist with progressing The Island Quarter site in Nottingham," Conygar says.
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boohoo Group PLC, down 3.8% at 102.05p, 12-month range 99.00p-378.90p. The stock extends losses on Friday, suffering a trio of broker rating cuts. Investec cuts the stock to Sell from Hold. Barclays cuts its recommendation to Equal Weight from Overweight. Bank of America reduces it to Neutral from Buy. The stock hits its lowest level since October 2016 on Friday, and is down 70% this year.
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By Eric Cunha; ericcunha@alliancenews.com
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SSE (SSE)
Westminster Group (WSG)
Conygar Inv (CIC)
Boohoo (BOO)
Tekmar Group P. (TGP)
