12th Jan 2023 11:23
(Alliance News) - 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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Portmeirion Group PLC, up 18% at 379.40 pence, 12-month range 285.00p-720.00p. The homewares products maker expects 2022 sales of GBP110 million, 4% ahead of market expectations. It is an outcome that also will be 4% higher than the 2021 level, and 18% above pre-Covid. The company says it enjoyed a "strong Christmas trading period".
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AIM - LOSERS
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Virgin Wines UK PLC, down 27% at 53.00p, 12-month range 45.00p-210.00p. Sales in the six months to December 31 fall 17% to GBP33.7 million from GBP40.5 million a year earlier. Customer acquisition rates were "strong", though the online wine seller says it was hit by one-off factors during the period. September sales were hurt by mourning following the death of Queen Elizabeth II, while implementation of a new warehouse management system "led to operational difficulties". Virgin Wines also reports a hit from postal strikes and bad weather.
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Distil PLC, down 39% at 0.55p, 12-month range 0.39p-2.00p. The alcoholic drinks maker says third quarter to December revenue falls 48% on-year to GBP411,000. Sales are hurt by a previously announced removal of a UK distributor. Distil adds that it suffered a "one-off reduction in stock availability" at a major retailer. "The business faced several challenges in Q3 leading to disappointing year-on-year performance versus the previous year. These are one-off issues affecting this financial year and will not continue into FY23," Executive Chair Don Goulding says.
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By Eric Cunha, Alliance News news editor
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Related Shares:
PortmeirionVirgin WinesDistil