The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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Proton Motor Power Systems PLC, up 20% at 0.84 pence, 12-month range 0.22p-6.00p. The London-based designer announces a further follow-up order. It will provide a complete hydrogen fuel cell emergency power system to customer DB Bahnbau Gruppe GmbH, part of German railway Deutsche Bahn AG.
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AIM - LOSERS
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IQE PLC, down 18% at 12.04p, 12-month range 11.66p-37.00p. The supplier of compound semiconductor wafer products said Americo Lemos has stepped down as chief executive officer effective immediately. Mark Cubitt, named as chair-elect earlier this month, will become executive chair. Jutta Meier will take up the position of interim CEO in addition to her chief financial officer role. ‘Phil Smith, who has been chair of IQE since 2019, will step down from his role but remain on the IQE board as a non-executive director. IQE will begin the search for a permanent CEO with immediate effect,’ IQE adds.
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RWS Holdings PLC, down 16% at 133.00p, 12-month range 131.00p-261.40p. The technology-enabled provider of language services such as translations, expects to report an annual revenue decline, despite returning to organic constant currency growth of 2% in the second half of the year to September 30. In the first-half, it fell 2%. ‘Reflecting adverse currency movements, FY24 reported revenues are expected to be £718 million, a decline of 2% compared with the prior year,’ RWS says. It expects adjusted pretax profit in line with consensus of £112.8 million, which would represent a decline from £120.1 million.
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