IN BRIEF: Fonix announces new share buyback programme

Fonix PLC - London-based mobile payments and messaging services provider - Says it will undertake a buyback programme of up to 230,000 shares, around 0.23% of its issued share capital, following "recent reductions in holdings of the concert party". Says it "considers the share buyback programme to be an efficient use of the company's growing cash balance."

Current stock price: 154.20 pence, up 3.8% on Wednesday in London

12-month change: down 21%

By Emma Curzon, Alliance News reporter

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