System1 moves up as business stabilises

AIM-listed marketing services firm System1 (LON:SYS1) saw its share price rise by 6.6% to 210p (as of 13:45 BST) following an update for the 12 months ended 31st March. The company said that its consulting business had stabilised after a tough 2017/18. Gross profits for the full year were still down by 1%, but there was a 4% increase during the second half.

Profits before tax were almost 80% higher than in the previous year and management said that they will continue to invest in its AdRatings subscription service which is planned to launch later this week.