Ilika shares recover as it retains guidance

AIM-listed battery manufacturer Ilika (LON:IKA) saw its share price rise by 8.88% to 33.10p (as of 15:20 GMT) after it announced it expects no change to current guidance for the coming years due to effective remote working practices and the planned third-party fabrication facility still looking to go ahead.

CEO Graeme Purdy commented: “We have taken a proactive approach to managing the operational risks posed by COVID-19. In particular, we are ensuring continued momentum with our strategy of implementing a manufacturing route for our StereaxTM miniature batteries and also the development of our large format Goliath programme. I would like to extend my thanks to our loyal team of staff, partners, advisors and shareholders through these turbulent times“.