(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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Tremor International Ltd, up 10% at 534.00 pence, 12-month range 451.00p-870.65p. The video and connected TV advertising technology provider says it delivered record revenue in 2021. Tremor posts pretax profit of USD72.3 million, swinging from loss of USD7.4 million in 2020 on revenue USD341.9 million, up 61% from USD211.9 million. The company is also planning a USD75 million share buyback programme.
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ADVFN PLC, up 4.7% at 75.00p, 12-month range 23.00p-94.99p. The financial information provider says Chief Executive Officer Clem Chambers has agreed to step down after major shareholder Yair Tauman demanded his removal. Says Chambers will resign with effect from next Monday. Chief Financial Officer & Chief Technology Officer Jonathan Mullins will replace Chambers as CEO.
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AIM - LOSERS
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Victorian Plumbing Group PLC, down 8.2% at 75.20p, 12-month range 70.00p-341.80p. The bathroom products retailer warns results would be lower than expected due to rising costs. Revenue for the four months to the end of January is down 3% year-on-year, but up 38% on the same period two years prior. Looking ahead, flags ongoing inflationary cost pressures and chooses to temporarily absorb some additional costs. As such, it expects both gross profit margin and adjusted Ebitda margin to be slightly lower than previously anticipated. Stock is down 71% from June 2021 initial public offering price of 262.00p.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Victorian Plumbing (VIC)
ADVFN (AFN)