Glass half empty: Distil searches for a loan as spirits firm’s revenue halves August 14, 2024 Spirits firm Distil has reported a steep drop in revenue in light of inflation, cost-of-living pressures and a significant hike in alcohol duty. The AIM-listed firm, which owns brands including RedLeg Spiced Rum, Blackwoods Gin and Vodka and Blavod Vodka, said that revenue fell by 55 per cent in the four months covering April-June this [...]
Can AIM deliver? Here’s a compelling test case August 13, 2024 As the London Stock Exchange's younger brother continues to struggle, a new energy firm provides a litmus test on how well AIM can deliver on its raison d’etre, writes Keith Boyfield
Bivictrix quits London’s AIM to chase private funding as market ‘undervalues’ firm August 12, 2024 Biotech firm Bivictrix Therapeutics is the latest company to exit the London Stock Exchange’s AIM market, citing difficulties in raising funds compared to its privately-owned competitors. The company, which is headquartered in Macclesfield, said it would not be able to raise enough capital to advance its medication to a clinical trial via London’s junior market [...]
WH Ireland: Small-cap broker’s revenue plunges amid AIM swoon August 12, 2024 WH Ireland, the broker for small and medium-sized public companies, has reported a near 20 per cent slump in revenue due to “extremely challenging” market conditions. The group also reported a statutory loss before tax of £5.9m, up from £1.8m in 2023, thanks in part to a £2.9m restructuring charge. “These were principally redundancies and [...]
Electric Guitar: Digital marketer buys data analytics firm set up by its chief August 9, 2024 Digital marketing and advertising company Electric Guitar will acquire software solutions provider Mymyne, previously set up by its chief executive. Mymyne was set up in 2019 by Electric Guitar’s chief executive, John Regan, to develop and commercialise data-related software services, with swoop is being viewed as a sign that the marketing world is moving towards [...]
Bowleven to delist from London Stock Exchange’s AIM amid stalled oil project August 9, 2024 Listed oil and gas company Bowleven is set to de-list from the London Stock Exchange to be re-registered as a private limited company
Hermes Pacific exits London Stock Exchange’s AIM market citing ‘undervalued’ shares August 8, 2024 Investment firm Hermes Pacific has become the latest company to exit the London Stock Exchange with bosses saying they believe its shares are undervalued. The firm, which listed on London’s junior AIM market in 2013, has seen its share prices drop month-on-month for the past year from 147 pence on September 30, 2023, to 52 [...]
YouGov shares soar as market researcher snaps up Yabble in £4.5m deal and raises guidance August 6, 2024 Polling and market research company YouGov has acquired New Zealand-based generative AI company Yabble in a £4.5m cash deal as it slightly notches up its full-year guidance.
Life sciences firm hVIVO cancels Euronext listing to focus on London August 5, 2024 The cancellation, set to take effect on 2 September 2024, will remove hVIVO's shares from the Euronext Growth index.
Eagle Eye: Lucrative Tesco and Morrisons deals boost loyalty scheme specialist’s revenue July 23, 2024 Lucrative contracts with the likes of Tesco and Morrisons and a pitch win with the bookseller Waterstones helped personalised marketing firm Eagle Eye to rake in bumper revenue and bolster its cash position, its latest results showed.