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

----------

AIM - WINNERS

----------

Litigation Capital Management Ltd, up 11% at 84.1 pence, 12-month range 63p-99p. The asset manager specialising in disputes notes a recent UK Supreme Court Ruling in relation to the case of PACCAR Inc & Ors v Competition Appeal Tribunal & Ors, Case ID: 2021/0078. The ruling concerns litigation funding agreements. LCM confirms the decision will have "very limited or not impact" on its portfolios of dispute investments. "The company had no involvement or funding obligation in relation to the matter referred to," it explains. In fact, it may well benefit from the ruling by gaining future market share, given the lack of diversity at some of its competitors. "We were fully across the risks posed by the pending decision and are confident it will not adversely impact the returns across our portfolios of investments or our business model in the UK," says CEO Patrick Moloney.

----------

AIM - LOSERS

----------

Safestyle UK PLC, down 45% at 9.95p, 12-month range 9.55p-40.9p. The retailer and manufacturer of PVCu replacement windows and doors warns its annual performance is likely to be "materially below" market expectations, forecasting just GBP500,000 underlying pretax profit for the second half. In the six months to July 2, revenue falls 5.4% to GBP74.0 million from a year before, due to challenging market conditions. These worsened over the five weeks to July, which has "adversely impacted" order intake volumes. Safestyle expects the decline to be an "ongoing trend". First-half underlying pretax loss is expected to be around GBP6.0 million. Firm says it has initiated an efficiency and cost reduction programme, which has entailed job cuts, but saved around GBP2.0 million in annualised savings. As of July 2, has net cash of around GBP900,000. Will update further alongside its interim results on September 27.

----------

Empresaria Group PLC, down 25% at 39p, 12-month change 36.4p-66.9p. A trading update from the specialist staffing group disappoints, as first-half net fee income falls 9% year-on-year to GBP29.7 million. "Anticipated improvements to trading conditions have not been seen and we now do not expect these to significantly change in the second half of 2023," it warns. Consequently, expects full year adjusted pretax profit to be materially lower than market expectations.

----------

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.