14th Aug 2024 11:04
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Ixico PLC, up 24% at 8.85 pence, 12-month range 6.35p-21.00p. The London-based precision analytics and medical imaging services provider celebrates a long-term contract win for a study into Huntington's Disease from a US-based pharmaceutical client. Expects the trial to run for up to ten years, and contribute close to GBP2 million to the Ixico order book. Contract wins worth GBP5.8 million since March 31 mean Ixico is now expecting a financial performance for the year ending September 30 "ahead of market expectations". Full-year revenue is expected to be between GBP5.5 million and GBP5.9 million, down from GBP6.7 million in financial 2023, while the year-end order book is expected to increase and return to the prior year-end level of GBP14.8 million.
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AIM - LOSERS
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Distil PLC, down 46% at 0.23p, 12-month range 0.20p-0.80p. The London-based premium drink brand owner says revenue in the four months to July is GBP204,000, down 55% from GBP453,000 a year prior. Accordingly, the firm's full-year expectations have now been reduced, but it remains positive versus its outturn last year. Executive Chair Don Goulding says: "The business had anticipated lower sales in the first four months of the year due to phasing trends, however the results achieved sit below expectations. In light of this, we have revised our expectations for the full year which, despite the disappointing performance year to date, still anticipate revenue growth versus 2023."
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By Holly Beveridge, Alliance News senior reporter
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