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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Intercede Group PLC, up 15% at 67.8 pence, 12-month range 40.99p-78.4p. The cybersecurity software company reports double-digit interim revenue growth for the six months to September 30, and raises annual forecasts. In the half-year period, revenue rises 15% year-on-year to £7.0 million from £6.1 million, as pretax profit surges 83% to £1.1 million from £600,000. Now expects to exceed market forecasts for financial 2024, which it cites as revenue of £13.3 million and adjusted earnings before interest, tax, depreciation and amortisation of £1.0 million. Further, the firm announces new contract wins worth over £500,000.
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RUA Life Sciences PLC, up 91% at 42p, 12-month range 11.13p-67p. The medical technology holding company focused on implantable biostable polyurethane Elast-Eon extends Monday’s gains after reporting positive developments across its various businesses. The stock has nearly tripled in value from 15.75p on Friday.
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AIM - LOSERS
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Empresaria Group PLC, down 23% at 30.78p, 12-month range 30.75p-66.9p. The recruitment company says challenging market conditions have continued into the fourth quarter, and are expected to persist into the first half of 2024. ‘The most significant impact has been on permanent recruitment throughout the year, and we are now seeing clients deferring hiring decisions and/or start dates until the new year,’ it explains. It now expects adjusted pretax profit to be between £3.0 to £3.5 million. This is down sharply from its May forecast of about £7.0 million, and would be around a third of the £9.0 million achieved in 2022.
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