News

Shares in Samedaybooks doubled after the group admitted entering into preliminary talks to acquire internet auction services provider Auction Assist Limited.

"The board announces that it is in discussions to acquire an on-line book retailing business, which the Board believes will complement samedaybooks' existing activities and provide a platform for future growth," it said.

Charles Denton, the deputy Chairman of samedaybooks, currently holds a 15% stake in Auction Assist.

DDD Group shares also surged after the software and content firm said it is targeting double digit revenue growth in its software business during the year ahead.

"The board intends to invest in initiatives that will drive sales of transactional capture solutions referred to above, and is targeting double digit revenue growth in its software business during the year ahead," it said.

It said fourth quarter trading was broadly in line with expectations and added that it was shifting its business towards transactional solution.

CRM solutions provider Rubicon Software said both forward contracted revenues and new business pipeline stand at record levels.

The group said turnover for the year will be similar to 2006 levels at around £1.4m but revenues increased by at least 80% in comparison with the first half.

"Recent trading has been strong, with several sizeable contract wins and newly-developed partnership channels making a contribution," it added

Tribal Group slumped into losses for the year as it said it has taken steps to reduce the level of operating costs and started a review of its future opportunities.

"These steps and the encouraging start to the new financial period give the Board confidence about the future prospects of the group," it said.

The group swung into pre-tax losses of £6.1m compared with the profit of £17.5m last year on turnover that rose 4.8% to £272.3m.

Electronic payment services group Paypoint said that trading in the first two months continues to be ahead of the same period last year.