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Shares in Physiomics spiked higher on Friday after it announced a new deal with what it called a “top five pharma company”, its third major customer in the sector. The Oxford-based bio-systems company said its technology would be used to identify the optimal dosing and timing of two compounds under development and that the project could lead to further work with the same client. The stock rose 38 per cent on the session, up 74 per cent over the week.
Darty, the electrical goods retailer formerly known as Kesa, was 18 per cent higher over the week after it agreed to work with its biggest shareholder, Knight Vinke, on a strategy review. Knight withdrew its resolution tabled for Darty’s annual meeting to appoint Eric Knight, its chairman and founder, to Darty’s board.
Railway infrastructure technology company Tracsis gained 5.3 per cent over the week after it underlined its existing guidance for the full year. The Derby-based company also continued to look well-placed to benefit from increased government spending on infrastructure, and said annual revenues should reach £8.5m, up from £4.1m a year earlier. It also said a strong sales pipeline left it confident of making further organic revenue growth.
Overall, the FTSE 100 Small-cap index rose 1.5 per cent over the week to 3,077.80, its best level since early May as investors’ risk appetite continued to improve.