(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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Filtronic PLC, up 51% at 49.73 pence, 12-month range 10.68p-52.00p. Shares in the designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets rise. The company says that revenue in financial 2024 will now be marginally ahead of expectations and Ebitda will be significantly ahead of expectations. Further, revenue and Ebitda in financial 2025 will be "significantly" ahead of market expectations. In a separate announcement, Filtronic says it has entered into a strategic partnership and commercial agreement with Space Exploration Technologies. Space Exploration designs, manufactures, launches and operates rockets and spacecraft.
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Angle PLC, up 23% at 15.01p, 12-month range 9.07p-374.0p. Shares in the medical diagnostics provider jump. Angle signs a supplier agreement with pharmaceutical firm AstraZeneca PLC. Angle will develop a novel methodology for circulating tumour cell micronuclei detection based on its existing pKAP1 CTC-based DDR assay, which measures expression of a key protein in the DNA damage response. It says the six-month development phase is worth GBP150,000 to Angle.
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AIM - LOSERS
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Sancus Lending Group Ltd, down 9.1% at 0.50p, 12-month range 0.40p-1.70p. The alternative finance provider sees its shares rise. Sancus says it has pro-forma loans under management of GBP208 million at the end of 2023, up 23% annually from GBP169 million. It says this reflects growth in its Irish loan book. During the year, Sancus increased its turnover by 24% to GBP12.4 million from GBP10.0 million. "This growth reflects progress in our UK and Irish businesses in particular," it says. It expects to report an operating loss of between GBP9.5 million to GBP10.0 million for the year, widened from GBP4.7 million. "This primarily reflects the estimated impact of anticipated IFRS9 write-downs on legacy loans written prior to the current senior management team joining the business," it explains.
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By Sophie Rose, Alliance News senior reporter
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Filtronic (FTC)
Angle (AGL)
Sancus Lend (LEND)
Astrazeneca (AZN)