The cash-point marketing company i-design said that revenues for the first half of its current financial year will be ahead of the same period of 2011. The group creates advertising solutions for banks and third parties through cash-point screens. A new contract with a Canadian bank has boosted turnover, with the firm now expecting to turn a small profit-before-tax for the full year.
The share price of medical diagnostics group Omega Diagnostics hit fever pitch after the firm revealed revenue for the year ended March 31st, 2012, is expected to be £11.12m, approximately 41% ahead of last year's result. On a like-for-like basis sales growth is approximately 5%.
Another medical firm, Oxford Biomedica, stormed higher after successfully completing a Phase I/II study of its ProSavin drug for treating patients with mid-stage Parkinson's Disease. The patients receiving the highest dosage of the treatment saw their motor function improve by 30%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Executive Chairman, Justin Drummond and Non-Executive Directors, Haresh Kanabar and Alessandro Malacart have resigned "with immediate effect to pursue other projects" from leisure and entertainment investment firm Brainspark. The company has had a torrid time of late, dropping 62% this year. Commenting on Drummond's departure the group's Chief Executive Alfredo Villa said: "Justin joined the board in February of this year at a very difficult time for the company, but his contribution during his short tenure, particularly his ability to quickly raise money for us, has left Brainspark in a much stronger position."
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
