The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Cordel Group PLC, up 8.4% at 6.23 pence, 12-month range 3.10p-6.25p. The firm’s technology for electrified lines was backed by UK rail infrastructure manager Network Rail. ‘This Network Rail certification covers the entire Cordel pipeline, with point cloud capture from Cordel Mobile Laser Scanning systems flowing seamlessly through Cordel’s automated AI processing. Cordel’s accurate height and stagger measurements either confirm standards compliance or identify where deviation is developing, so that timely corrective action can be taken to prevent incidents. Up-to-date height and stagger measurements also help optimise other infrastructure interventions, such as allowing the track to be overlifted higher to increase maintenance intervals,’ Cordel adds.
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Franchise Brands PLC, up 4.1% at 164.50p, 12-month range 130.00p-210.00p.The firm says it is mulling a move to London’s Main Market segment. It also named Peter Molloy as group chief executive officer. The Macclesfield, England-based international multi-brand franchisor focused on business-to-business van-based reactive and planned services said its consideration of the move from the AIM market is still at an early stage, but its appointment of a group CEO on Wednesday was ‘the first step in that journey’. Molloy was the CEO of the company’s existing water & waste services division, and will now be responsible for all four principal divisions of the group. Molloy has worked with Franchise Brands since 2017.
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AIM - LOSERS
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Shoe Zone PLC, down 1.9% at 152.00p, 12-month range 120.00p-294.00p. Shoe Zone extends declines after a 3.1% fall on Tuesday. On Tuesday, the footwear seller said it expects to report a more than 40% drop in annual profit, following a second half weakened by ‘unseasonal weather’ and rising costs. The Leicester, England-based firm said it expects to report pretax profit of at least £9.6 million for the financial year that ended September 28, a 41% fall from £16.2 million last year.
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