(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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Joules Group PLC, up 32% at 6.6 pence, 12-month range 4p-232p. Late Thursday, the country lifestyle retailer notes it is making "good progress" in developing its turnaround plan, which is focuses on "driving higher profitability". "The company continues to make good progress on its simplification agenda and cost management process. Interpath Advisory is assisting the board with an initial assessment of certain elements as part of the development of this turnaround plan," it adds. Continues to assess its ongoing financing requirements, including a possible equity raise.
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AIM - LOSERS
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Real Good Food PLC, down 31% at 0.9p, 12-month range 0.9p-3.5p. The AIM listing hits an all-time low as it grapples with soaring costs. The food manufacturer, which has been determined to "hunker down" and keep a lid on expenses, may have to implement deeper cost cuts, it warned. "Having commenced a voluntary redundancy programme in May 2022, which will reduce headcount by 51, the board has been working with external consultants to put into effect a more radical reform of the group to eliminate overhead costs, and to build stronger partnerships with key customers. Further headcount reductions will therefore be required," the company said.
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Science in Sport PLC, down 30% to 16.5p, 12-month range 16.5p-79p. The sports nutrition company hits an all-time low. It begins a strategic review, stating its current market capitalisation "fundamentally undervalues the company". The review could result in the sale of the company or of certain assets, it says. In the six months to June 30, its loss widens to GBP7.2 million from GBP2.9 million a year before. Also plans placing to raise GBP5.0 million in issue 33.3 million new shares.
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By Elizabeth Winter; elizabethwinter@alliancenews.com
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