(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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TruFin PLC, up 10% at 85.50 pence, 12-month range 0.55p-89.20p. The invoice finance company says its finance software subsidiary Satago has signed a letter of intent to enter into a partnership with accounting software company Sage Group PLC and lender Lloyds Banking Group PLC. TruFin says they aim to embed a Satago-powered finance solution within Sage's software for small and medium-sized businesses so that they are able to access instant financing from Lloyds.
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Scotgold Resources Ltd, up 8.7% at 76.65p, 12-month range 0.51p-77.00p. The gold miner says it achieved record production for April and May, totalling 1,984 ounces of gold and 10,810 ounces of silver at its Cononish mine in Scotland.
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AIM - LOSERS
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ITM Power PLC, down 12% at 253.10p, 12-month range 208.24p-536.15p. The energy storage and clean fuel firm warns of a widened annual loss on increased spending. For the financial year that ended April 30, ITM Power expects an adjusted loss before, interest, tax, depreciation and amortisation of GBP36.5 million, widened from GBP21.4 million. ITM put the chunkier loss down to GBP7 million of "increased skills acquisition" and another GBP14 million in project delivery and output ramp-up costs.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Itm Power (ITM)
Trufin Plc (TRU)