Sinclair Pharma Share News (SPH)

IT services provider Parity's share price is attempting to recover following Tuesday's interim figures. Parity reported a 16% drop in revenues to £52.6m and a loss of £2.69m. The operations broke even but there were large write-offs and restructuring costs. The second half of the year will be difficult and Parity will continue to be loss-making. The full benefit of cost reductions will show through next year. Cash is in short supply and additional bank facilities are required. Sinclair Pharma's share price remains below the open offer price of 28p a share. Existing shareholders are being offered the chance to subscribe for 0.1767 of a share for each Sinclair share that they own. Sinclair will raise £17.9m net. FTSE TechMARK - RisersParity Group (PTY) 7.25p +6.90%Torotrak (TRK) 21.50p +4.65%Autonomy Corporation (AU.) 1,698.00p +4.11%BAE Systems (BA.) 312.80p +3.58%RM (RM.) 131.50p +2.33%Network Technology (NTY) 2,200.00p +2.27%Anite Group (AIE) 45.50p +2.25%BATM Advanced (BVC) 25.25p +2.02%Phoenix IT Group (PNX) 200.50p +1.78%Axis-Shield (ASD) 293.00p +1.74%FTSE TechMARK - FallersNXT (NTX) 11.00p -4.35%ARM Holdings (ARM) 359.90p -3.80%Intec Telecom Systems (ITL) 62.50p -3.10%Cable & Wireless Worldwide (CW.) 70.00p -2.71%Phytopharm (PYM) 9.25p -2.70%Alterian (ALN) 192.00p -2.29%COLT Group S.A. (COLT) 116.70p -1.93%Sinclair Pharma (SPH) 26.75p -1.87%DRS Data (DRS) 17.50p -1.41%Vislink (VLK) 17.75p -1.39%