8th May 2025 10:45
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Big Technologies PLC, up 12% at 87.20 pence, 12-month range 58.00p-175.22p. The remote people monitoring technology firm names Ian Johnson as chief executive officer and Mike Johns as chief financial officer effective immediately. Daren Morris stands down as interim CEO and will leave the firm after a period of garden leave. "We thank Daren for his hard work at the group as chief financial officer and, more recently, as interim chief executive officer, where he has helped to stabilise the business and its people at what has been a difficult time. We wish him well in his future endeavours. I am very pleased to welcome Ian, as a highly experienced chief executive officer, in his new role and I look forward to working with him to deliver on the company's strategy and objectives. We are equally pleased that Mike will be joining the board in his role as chief financial officer and we are excited to see him continue the hard work he has been doing since joining the company," Chair Alexander Brennan says. In a trading update, the firm reports underlying revenue for the first-quarter ended March 31 climbs 11% on-year to GBP12.9 million. Big Technologies in April announced a series of executive changes, including the formal appointment of Alexander Brennan as chair. It had also named Johns as its next CFO last month. The moves followed the dismissal of founder and former CEO Sara Murray. The company accused her of failing to disclose interests in entities that collectively hold 17.3% of Big Technologies' shares. The firm alleges that Murray also improperly diverted significant funds from the group prior to 2019. Legal proceedings were launched in the High Court, including a request for a freezing order against Murray and associated entities.
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ITM Power PLC, up 10% at 35.30p, 12-month range 25.08p-71.08p. The designer and manufacturer of electrolyser systems for green hydrogen production has been picked by energy company Uniper SE for a 120 megawatt green hydrogen asset. "ITM will deploy six 20MW POSEIDON core electrolysis process modules into the project. POSEIDON offers unmatched efficiency, rapid response times, and an optimised footprint for large-scale projects," ITM adds/
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AIM - LOSERS
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FRP Advisory Group PLC, down 4.0% at 132.00p, 12-month range 113.50p-160.99p. The business advisory firm expects to report revenue for the year to April 30 grew 19% to GBP152 million from GBPB128.2 million, with underlying earnings before interest, tax, depreciation and amortisation up 11% to GBP41 million from GBP37.1 million. "The final quarter of the financial year saw a marked increase in macroeconomic volatility, driven predominantly by US announcements regarding global trade tariffs, impacting business confidence and causing delays in decision making. Several Corporate Finance projects extended their completion date into FY 2026," FRP adds.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Big TechnologiesFrp Advisory GroupItm Power