(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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Infrastructure India PLC, up 39% at 0.49 pence, 12-month range 0.26p - 1.00p. Announces an update of the sale of Indian Energy Ltd. The India-focused infrastructure fund now expects proceeds from the sale to be received during December, following a request from the buyer for additional time to complete the transaction. Says it has expressed concern to the buyer, AVSR Constructions, over the "continued" delays and has "opened dialogue" with other interested parties in regards to the asset. It is also discussions with third parties regarding the sale of further assets, including Distribution Logistics Infrastructure Ltd.

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Craven House Capital PLC, up 16% at USD0.10, 12-month range USD0.060 - USD0.56. In the year ended May 31, reports a significantly narrowed pretax loss of USD236,000, from a loss of USD2.4 million the previous year. Explains the valuation of its four portfolio companies remained unchanged during the year and notes "positive progress" in each. Expects advertising revenue for its Rosedog and Garimon investment to begin in 2023. Notes the brain tumour drug of its Honeydog investment is approaching the end of its clinical trials. Adds it is in negotiations for sales and distribution agreements for the heart drug and dietary supplement of investee Bio Vitos Medical. Declares no dividend for the year.

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AIM - LOSERS

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Safestyle UK PLC, down 16% at 25.93 pence, 12-month range 20.30p - 55.05p. Says order intake in the period from late September to the end of October has been "volatile". Blames this on political and economic news which it says has had an "adverse impact" on consumer confidence. Order intake in the period is 7.6% behind expectations and 2.7% behind the prior year. This will result in lower installation volume levels than expected, it adds. Further, the replacement window and door retailer says it is experiencing higher costs of acquisition than forecasts. Safestyle expects all this to "significantly" impact full-year profitability.

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Shearwater Group PLC, down 21% at 90.00 pence, 12-month range 70.00p - 155.00p. In the six months ended September 30, reports a significantly widened pretax loss of GBP1.6 million, from a loss of GBP518,000 the previous year. Blames this on the impact of weaker sterling against the US dollar during the first half. Chief Executive Phil Higgins adds that the firm's financial year is also traditionally weighted to the second-half. Revenue ticks up slightly to GBP10.7 million from GBP10.6 million thanks to "new client wins and successful contract renewals". Higgins says: "With good visibility of revenues and an expanded, global footprint, there is growing momentum across the group as we move into a more favourable macroeconomic environment in H2, with confidence levels higher than they were this time last year."

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By Heather Rydings; heatherrydings@alliancenews.com

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