The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Joules Group PLC, up 15% at 60.00 pence, 12-month range 51.00p-310.00p. The lifestyle brand posts a jump in interim revenue and expresses confidence in its long-term prospects. For six months to November 28, revenue was £127.9 million, up 35% from £94.5 million year before and pretax profit doubles to £2.6 million from £1.3 million. Looking ahead, Joules says it remains confident in ability to deliver profitable growth for financial 2023. Last week, the stock had hit a 12-month low, falling 46% in one day, after Joules warned on annual profit and said that revenue over the Christmas period and January was lower than it had expected.
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Midwich Group PLC, up 5.7% at 634.00p, 12-month range 420.00p-700.00p. The audio-visual distributor has agreed to acquire specialist communication technology company Nimans. Midwich will acquire Nimans from Nycomm Holdings for £27.5 million in cash, funded from existing cash reserves.
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Ixico PLC, up 3.3% at 47.00p, 12-month range 45.10p-115.00p. The medical imaging company wins a £1 million contract to provide PET and MRI imaging services to an unnamed European biopharmaceutical company specialising in neurodegenerative conditions.
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AIM - LOSERS
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Numis Corp PLC, down 3.7% at 286.00p, 12-month range 274.00p-419.86p. Shares hit 12-month low as the corporate broker saw slower start to its second quarter amid damped risk appetite among investors concerned by surging inflation and rising interest rates. Numis says: ‘Mounting inflation and interest rate concerns have impacted broader equity markets in recent weeks, with a reduction in investor risk appetite and capital markets activity. As such, we have had a slower start to our second quarter, albeit our pipeline and outlook for the second half across both M&A and Capital Markets is encouraging.’
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