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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SIMEC Atlantis Energy Ltd, up 40% at 2.88 pence, 12-month range 0.011p-3.55p. The company signs a £40 million contract to deliver a 230 megawatt battery energy storage system at the Uskmouth site in Newport, Wales. The energy company signs the deal with Energy Optimisation Solutions and Quinbrook Infrastructure Partners. ‘This represents an anchoring project in the development of the Uskmouth site into a Sustainable Energy Park and is another key step in SAE delivering value for its shareholders,’ it says. It adds £11 million will be received over the next 18 months.
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i-nexus Global PLC, up 38% at 6.66 pence, 12-month range 3.80p-15.50p. The Coventry, England-based software company is on track for one of its best-ever sessions. Going into Tuesday, the stock had fallen 25% since May 6. It is now up 6.6% since then.
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AIM - LOSERS
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Ixico PLC, down 9.4% at 37.50p, 12-month range 32.50p-94.20p. The London-based neuroscience data analytics company says revenue in the six months to March 31 falls 20% to £3.9 million from £4.9 million. Pretax profit declines 68% to £201,000 from £635,000. It says profit for all of financial year 2022 will ‘materially exceed existing’ market forecasts. However, for financial 2023, Ixico cautions it will be hurt recent client trial cessations. It forecasts weaker revenue and a return to loss at an earnings before interest, tax, depreciation and amortisation level
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boohoo Group PLC, down 5.2% at 78.20p, 12-month range 0.63p-82.68p. The company settles class action claim brought against it in California. The settlement sum is within boohoo’s provisions, the online-only fashion retailer says. ‘The settlement is without admission of liability,’ it adds. ‘The settlement remains subject to review and approval by the district court.’ boohoo was alleged to have misled customers with on pricing. Lawyers had said the company advertised ‘fake and inflated comparison reference prices to deceive customers into a false belief’ that the actual sale price is discounted.
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