AIM WINNERS & LOSERS: SpaceandPeople deal win; Arcontech earnings beat

Mon, 22nd Jul 2024 10:14

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

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AIM - WINNERS

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SpaceandPeople PLC, up 5.8% at 87.25 pence, 12-month range 55.00p-104.50p. The provider of promotional and short-term retail space says UK Network Rail and Southeastern Trains have picked the firm for a five-year deal to provide exhibitions, events, promotions and sampling at their managed stations. "This is a continuation of SpaceandPeople's relationship with NR and is a new relationship with SET," the firm explains. "The contract continues to provide significant coverage of major London and regional railway stations, giving the Company access to many of the highest footfall venues across the United Kingdom."

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Arcontech Group PLC, up 5.1% at 93.00p, 12-month range 62.20p-114.00p. The provider of real-time financial market data and services expects revenue and profit to beat market expectations for the year ended June 30. It expects to report a revenue beat to market expectations of 4%, and an adjusted pretax profit beat of 20%. Broker Cavendish now expects the firm to report revenue of GBP2.9 million, annual growth of 6% and adjusted pretax profit of 20%, a rise of 5% from the prior year.

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AIM - LOSERS

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Gusbourne PLC, down 4.1% at 63.30p, 12-month range 55.50p-81.00p. Majority shareholder Michael Ashcroft wants to open talks with Gusbourne to "explore various strategic options for his shareholding", the sparkling wine maker explains. Options include a sale of his just under 67% stake, a merger with a similar company, and a possible capitalisation of all or part of his debt. "I am flexible as to the outcome," Ashcroft says, noting the review of his Gusbourne stake follows a similar move made at Impellam PLC. Gusbourne notes it is now in an "offer period" under UK Takeover Panel rules.

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By Eric Cunha, Alliance News news editor

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