Parallel Media says no material developments in acquisition plans

(ShareCast News) - Parallel Media Group noted the sharp rise in its shares on Monday and said it continues to review acquisition prospects but there have been no material developments in its plans.On 30 December, the company released an update in which it said it was reviewing acquisition prospects that will enable it in 2017 to confirm opportunities in the live event and entertainment sector.At 1540 GMT, the shares were up 110% to 32.50p.