It’s been another up day for London’s AIM index, advancing almost four points by the bell to reach 1245.18, pushing back to levels not seen since September.
- Velocys +33%
- Newmark Security +26%
- John Lewis of Hungerford +16%
- Bowleven -25%
- Phoenix Global Resources -11%
The sustainable aviation fuel company Velocys [LON:VLS] soared to the top of the table today in the wake of announcements that it had struck deals to supply Southwest Airlines and IAG, the owner of British Airways with net zero jet fuel. Critically the two deals mean that 100% of the fuel produced at the Bayou facility is now accounted for. Shares reached the bell some 33% ahead.
Newmark Security [LON:NWT] also had a good day, advancing 26% by the close. Shares had fallen back around three weeks ago in the wake of a trading update and capital reorganisation proposals but with those being confirmed at today’s AGM, the stock has returned to those mid-October levels.
Today’s notable mention has been hotly contested but I think it has to go to John Lewis of Hungerford [LON:JLH] which saw yesterday’s gains extended, tacking on another 16% by the bell. The market seems confident that there’s more good news to come from the high-end kitchen manufacturer as they enjoy the post-pandemic spending boom.
Bowleven [LON:BLVN] was the day’s laggard, off 25% in the wake of full year results being published this morning. It didn’t make for terribly cheery reading, with concerns over the possible need for further financing being raised and there’s a lot of conditionality when it comes to timing right now, too. However there are projects under development currently that assuming they come good will offer material upside for the company.
Phoenix Global Resources [LON:PGR] retreated 11%, finding itself in second to last place by the bell. However there’s no news out here and trade was exceptionally lumpy, leaving the stock showing a close on 15% spread at the close. The share price jumped notably last week too, so this looks like little more than a reversion of some of those gains.