The upbeat start to the week is fading fast with investors eyeing what appears to be an increasingly entrenched position from policymakers on both sides of the Atlantic. This morning’s UK inflation data offered no impetus for a rate cut and tonight’s FOMC meeting minutes don’t seem to offer much hope either. At 4pm the AIM all share was down more than three points and edging closer to a retest of the 800 level.
- Powerhouse Energy +32%
- Zenova Group +19%
- Biome Technologies +17%
- Polarean Imaging -64%
- Marechale Capital -13%
Powerhouse Energy LON:PHE was leading the pack heading into the close, up 32%. Following yesterday’s gains off the back of the UK patent approval, the company has now resolved a patent dispute against its EU application. Whilst the stock may have backed away from the early highs, two day gains still sit around the 75% mark.
Zenova Group LON:ZED was in second place, up 19%. The company announced this morning that it had been appointed as an official supplier to the NHS. This is seen as something of a milestone and the company expects to leverage this contract win with other clients.
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Polarean Imaging LON:POLX was the laggard heading into the close, down 64%. That comes off the back of placing and subscription news. The deal raised an impressive $10m, with proceeds being used to help to revolutionise pulmonary medicine.
Marechale Capital LON:MAC was 13% lower heading into the close. However trades were thin on the ground and it’s difficult to try and attribute anything to the price action.
Biome Technologies LON:BIOM gets the notable mention, up 17%. Gains arrived late in the session following the announcement of a contract win worth £0.6m, the third such award this year. Volumes are however light and the move is well within the spread.
