Altitude flies lower on delays

Shares in AIM-listed software firm Altitude (LON:ALT) sank 9.26% to 15.42p (as of 16:00 GMT) after it announced that it would delay its annual results. The company said that COVID continued to cause disruption to cash collection schedules and payments terms and that it was unable to recognise various revenues at the current times. Management believe that delaying the publication would allow them to give shareholders a more accurate picture of their financial position.