The following stocks are the leading risers and fallers on AIM on Friday.
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AIM - WINNERS
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Renold PLC, up 11% at 84.04 pence, 12-month range 35.19p-85.20p. Renold agrees to a £186.7 million takeover by MPE. The Manchester, England-based supplier of industrial chains and related power-transmission products said the offer, which represents a 50% premium to Renold’s closing price on May 19, the day before Renold revealed it had received two potential takeover proposals, has the backing of Renold’s board.
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Challenger Energy Group PLC, up 9.3% at 7.92p, 12-month range 5.00p-11.00p. Pretax loss narrows to $2.1 million in 2024 from $19.5 million in 2023. Net petroleum revenue falls slightly to $3.5 million from $3.6 million. Challenger, which has assets in Uruguay, believes ‘multiple value-creating opportunities now lie before us’. Also supporting the shares in the company is a surge in the oil price. A barrel of Brent jumped to $73.91 Friday morning, from $69.66 at the time of the London equities close on Thursday, after an Israeli strike on Iranian nuclear facilities.
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AIM - LOSERS
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EnSilica PLC, down 5.4% at 40.22p, 12-month range 29.01p-57.00p. Shares in the computer chip maker return some progress after a 21% jump on Thursday, when it said has struck an extended royalty agreement estimated to be worth $28 million over the next 10 years.
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