Cabling and electronics manufacturer Volex (VLX) goes cap in hand to investors for £18.1 million of new funding via a share placing and open offer. Priced at 75p per share, a fairly modest 6% discount to last night's 79.25p close, might suggest that investors are willing to back management's turnaround strategy.

Solid state battery technology developer Ilika (IKA:AIM) leaps more than 11% to 69.5p after unveiling a major breakthrough in the scale of its kit.

Mobile commerce is not growing as quickly as hoped for specialist software supplier MoPowered (MPOW:AIM), which becomes the latest recent AIM IPO to flop. Larger contracts are moving to the right capping revenue growth. The shares collapse, down more than 40% to 35.5p.

Oil and gas play San Leon Energy (SLE:AIM) gains 13% to 2.25p as it strikes a deal aimed at exploiting the potential in its Polish shale gas assets. Palomar Natural Resources, founded by John Buggenhagen, former exploration director of San Leon, and Robert Price, will take 65% stakes in the Siekierki and Rawicz gas fields in return for a carried work programme and $20 million up front payment.

Pumps and motors specialist and running Shares Play of the Week  Hayward Tyler (HAYT:AIM) ticks up 1.5% to 83p as operating profits for the 12 months to 31 March come in £300,000 ahead of house broker finnCap's forecast at £4 million.

Hangar 8 (HGR8:AIM), one of Europe's largest operators of privately owned passenger Jet aircraft operators, surges 10.5% to 278.5p on an upbeat trading update.

Medical testing kit maker Omega Diagnostics (ODX:AIM) rises 2.6% to 19.6p after unveiling an HIV mobile testing application.

Property regeneration specialist St Modwen Properties (SMP) improves 4% to 373.1p on a 10% dividend hike to 1.4p a share for the six months to June. The payout hike comes after a 32% jump in pre-tax profits for the year to end November.

Pre-clinical contract research specialist Cyprotex (CRX:AIM) gains 1.9% to 6.8p on plans to expand its analytical capabilities. The is also intending to expand into new markets, a response to a profits warning in 2012.

Issue Date: 01 Jul 2014