The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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PCI-PAL PLC, up 15% at 63.70 pence, 12-month range 38.25p-68.70p. The cloud payment and data protection solutions provider reaches a confidential settlement with competitor Sycruio. The settlement resolves a patent litigation that has been ongoing since September 2021. ‘The resolution follows PCI Pal’s resounding victory in the High Court of England & Wales, and subsequent decision by the Court of Appeal, finding that Sycurio’s UK patent is invalid and not infringed by PCI Pal,’ it adds.
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Polar Capital Holdings PLC, up 5.4% at 570.00 pence, 12-month range 385.00p-599.00p. The firm reports assets under management grow 14% to £21.9 billion from £19.2 billion over the year to March 31. Chief Executive Officer Gavin Rochussen commented: ‘The outlook is more constructive for risk assets such as equities with a continuing reduction in global inflation, interest rates peaking and central banks poised to ease monetary policy. Polar Capital has active, specialist and differentiated thematic, sector and regionally focused fund strategies with compelling long term performance track records and significant remaining capacity.’ Polar Capital maintained its second interim dividend at 32.0p per share and the total payout at 46.0p.
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AIM - LOSERS
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Next 15 Group PLC, down 15% at 763.00 pence, 12-month range 542.00p-1,052.00p. In the four months ended May 31, Next 15 says trade was ‘resilient’, despite a tough macro environment. Next 15 adds that spending across its technology customers has ‘remained soft’. The digital marketing firm says: ‘The group has continued to deliver organic growth in its Customer Delivery segment offset by small declines in our other segments, in part due to delays in some clients’ spending, notably relating to government contracts in a period of political uncertainty.’
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