- Software and services provider Gresham Technologies swung into the red after the loss of major legacy client sapped revenues.

Pre-tax losses for the six moths through June amounted to £0.79m, compared to a £1.11m profit on-year.

Revenue fell 5% to £9.36m, though sales of data processing product Clareti grew 13% to £5.46m.

'We won six new Clareti customers in the first half of 2018 and have just completed the acquisition of the B2 Group, bringing a further 15 customers into the group,' chief executive Ian Manocha said.

'Our recent investments in direct sales, marketing and alliances have contributed to a strengthening Clareti pipeline.'

'We are expecting a strong second half of the year, and we have made a positive start with three new Clareti wins so far in July.'

At 3:00pm: [LON:GHT] Gresham Technologies PLC share price was +7.5p at 165p

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