(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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One Media IP Group PLC, up 9.0% at 6.00 pence, 12-month range 4.5p-7.48p. The digital music rights acquirer, publisher and distributor acquires the licensor's income share only of the 'Entertain Me' catalogue of rights on an in-perpetuity basis. Says transaction is a "material" acquisition completed at an "advantage earnings multiple", and is immediately income accretive. It will enhance both revenue and portfolio net asset value it says. The catalogue includes 15,00 tracks from a "wide range of high profile and enduring artists" including Dean Martin, The Drifters, Don Williams, Gloria Gaynor, James Brown, and Judy Garland. It is funded from existing cash reserves.

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AIM - LOSERS

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Blackbird PLC, down 16% at 8.00p, 12-month range 5.5p-20.4p. The cloud video editing platform posts interim results, revealing a 36% drop in revenue to GBP985,115 from GBP1.5 million a year before. Attributes this to two non-recurring items from the prior year. Loss before tax widens to GBP1.6 million from GBP603,691. "There is continued momentum behind our strategic progression to scale the business," the firm says, also citing its GBP8.1 million pile of cash and short-term investments, and lack of debt as of the end of June.

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GetBusy PLC, down 13% at 68.8p, 12-month range 50p-79.81p. The document management and productivity software provider falls despite positive interim progress. Revenue falls 16% to GBP10.5 million in the six months that ended June 30 from GBP9.1 million a year earlier. Pretax loss narrows to GBP603 million from GBP724 million. Looking ahead, GetBusy said it continues to trade in line with market expectations, which are for revenue of GBP21.1 million in 2023, up 9.4% from GBP19.3 million in 2022, and adjusted earnings before interest, tax, depreciation, and amortization of GBP700,000, up 1.2% from GBP692,000 in 2022.

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By Elizabeth Winter, Alliance News senior markets reporter

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