The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Fletcher King PLC, up 26% at 44.00 pence, 12-month range 31.00p-49.00p. It reports a ‘strong second half business performance’, a turnaround from the more ‘cautionary business outlook’ it gave back in December. Revenue for the year ended April 30 ‘is now expected to be materially higher than management expectations’. Pretax profit is expected to be between two and three times higher than the £192,000 it reported for the prior year.
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Angle PLC, up 11% at 15.20 pence, 12-month range 9.07p-37.40p. The firm strikes a deal with AstraZeneca to develop a ‘Parsortix-based androgen receptor’ detection assay to be used in prostate cancer studies. Medical diagnostics provider Angle says the deal is worth £550,000.
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AIM - LOSERS
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Physiomics PLC, down 16% at 1.26p, 12-month range 0.90p-3.29p. The data science company, focused on new therapeutics and personalised medicine solutions, warns several large contracts have taken longer than expected to be signed. It predicts total income for the year to June 30 will decline to a range of £600,000-£650,000 as a result. It adds: ‘The company is in the final stages of negotiation for two projects (one with an existing client and one with a potential new client), the total value of which is expected to be, in aggregate, approximately £350,000. Whilst the board anticipates that the contracts for these two projects will be signed in FY24, the majority of the revenue is now expected be recognised in the company’s next financial year ending 30 June 2025, and accordingly the board’s expectations for FY25 revenues have been correspondingly increased. ’
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