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"Looking forward, whilst the board notes the continuing uncertain economic outlook, it remains confident in the prospects for the business given the technological leadership in its chosen markets, the strength of the pipeline, the continued growth in annuity income, and its expanding Enterprise customer base," the statement said.

Network monitoring solutions provider Endace has said that revenue for the year ended March 31st is expected to miss market expectations by around 10 per cent due to slow decision-making by a number of clients. Despite reporting an "excellent" performance in the first half, the company said that budget restraints, particularly in the UK government customer base, have resulted in a shortfall of expected purchases. Endace forecasts a pre-tax profit of $1m after adjusted for share options and a year-end cash balance of $4m

This is big news for Walker Greenbank, its shares had risen 3.76% by 09:44. The gains continue an impressive run of form; since the start of 2012, the stock has gained 53% on AIM. The firm's Chief Executive John Sach said: "We're ... particularly pleased to see our fabrics being used in Barbour handbags, which reinforces the potential of our designs in uses far beyond interior decoratio

Ever wanted to match your handbag to the sofa? Well, a deal between the luxury furniture maker Walker Greenbank and Barbour may be of interest. Barbour has ordered two arts and crafts fabric designs from Walker, called "Strawberry Thief" and "Marigold". The fabrics will be used as lining for Barbour's jackets, duffle coats and handbags. The manufacturing will take place at Walker Greenbank's factory in Lancaster.

There will be some money left over from the fund raising which will be used for general corporate purposes. Mood Media has had a storming last three months with the shares rising 40%, so the share placing is well timed. DMX is a "multi sensory" branding operation which uses music, video and scent to give customers "lasting connections" to products that "encourage loyalty. In the 12 months ended December 31st 2011, DMX recorded revenues of $84.6m, earnings before interest tax depreciation and amortisation of $16.5m and profit before taxation of $5.6m

Muzak maker Mood Media is to buy DMX, a US marketing firm that specialises in using music, video and even scent to boost brand loyalty. Mood Media is paying $53.8m for DMX, although it also taking on the acquired company's debt, which bangs the buying price up to $86.1m. To fund the acquisition it has entered into a private share placing worth £73.5m, selling 31,800,000 shares at 231p per share, 9p more than Friday's closing price.

Pilot studies had shown that cooling the brain within six hours of a stroke could be remarkably effective in saving patients and reducing brain damage, Proteome said. The grant will be used to fund an EU-wide multicentre Phase 3 clinical trial in 25 countries involving 60 participating universities to treat 1,500 volunteer stroke victims with mild hypothermia. "Early diagnosis and hypothermic therapy may provide a low cost and effective way to treat the 15m people annually who have a stroke and which is the second leading global cause of death," said Dr. Ian Pike, Chief Proteome's Operational Officer.

Shares in biomarker specialist Proteome Sciences rose almost 5% on Monday morning after it announced the EU was to award €11m to a consortium of which it is a member. Euro-HYP-1, a consortium of academic, clinical and industrial European partners that includes Proteome, has been awarded the grant for new research into the treatment of strokes. The study will examine the benefits of cooling the brains of victims after they have had a stroke.

Margins fell from 39% to 34% during the year as prices were reduced to secure volume before volume manufacturing could be established, the group said. This was slightly below the 35-40% target but the firm assured that this should correct later in the year/early 2013. Meanwhile, the company launched two new products today, 2kw and 5kw versions of VPhase, which can be installed more easily and offer wireless connectivity. "The board's stated strategy is to build a solid platform for future growth through markets such as social housing, and with a strong and growing pipeline of orders, we are excited about the opportunities that exist both domestically and overseas for the group," according to Smith

In September, VPhase won its first significant housing contracts: one for 1,200 units with Stockport Homes; and another for 980 units with British Gas Community Energy. During the same month, it was announced that Tesco would be offering the product from its home efficiency website, a more consumer-driven revenue stream that is expected in to commence in the second half. Furthermore, the company is poised for impressive growth in 2012, with current trading reported to be strong. Chief Executive Officer Rick Smith said that sales in the first 11 weeks of the year have already exceeded the level of sales for the first seven months of 2011 and the total sales in the whole of 2010. The firm recorded a loss before tax of £1.97m in 2011, compared with a loss of £1.7m the year before. Whilst not giving an estimate for the P&L account for this year, the company said that market expectations are for a "small loss" in 2012 and a swing into profitability in 2013, something that Smith said he is "not uncomfortable with"

Energy-saving products group VPhase reported 'steady progress' in 2011 after securing a number of key contracts which it says have put in place the building blocks for future growth. Revenue totalled £0.44m in the 12 months ended December 31st, compared with £0.27m in 2010, with the group saying that demand for its product continues to grow steadily. The company manufactures a patented voltage optimisation unit used in homes and small businesses, aimed at reducing customers' electricity bills by around 10%.

Environmental products group, Straight, has won a place on a framework contract with procurement specialist YPO, worth 25m pounds. It means Straight's products, like home compost kits and recycling containers, can be bought in bulk by YPO and sold at lower prices to local councils. Jonathan Straight, Chief Executive of Straight (the clue's in the name) said: "we believe that this is testament to the quality of the products and service that we provide to our customers." Staright shares had jumped 14.9% by 09:42. Since the start of 2012 the stock has increased 78.5% in value

Planet Payment and UnionPay signed a global processing agreement earlier this month, meaning that it could add support of UnionPay to its transaction platform. "Now any hotelier using the Planet Payment MICROS Payment Gateway can support the processing of UnionPay credit and debit cards and other major payment cards directly through their MICROS property management systems, enabling them to accept this important card product while enjoying the benefits of an integrated payment system," said Planet Payment's Chairman and Chief Executive Officer Philip Beck.

AIM-listed multi-currency payment processor Planet Payment is to add support of China UnionPay's credit and debit cards to the MICROS Payment Gateway Systems. MICROS Systems provides IT solutions for the hospitality and retail industries and its Payment Gateway has been integrated within Planet Payment's data centre and processing platform - this provides customers using Planet Payment's platform with access to MICROS's suite of enterprise hospitality products. Through today's agreement, UnionPay card transactions can be processed directly through the MICROS point-of-sale systems, "providing hoteliers with a more efficient way to accept UnionPay credit and debit cards, as well as all other major payment types," the statement said. The service will be launched in the second quarter of 2012.

Severfield-Rowen, which is based in North Yorkshire, also said it had lost a big contract at its Indian division which left the unit's forward order book down by £18m. The firms says the UK market is "subdued" noting that several of its competitors have exited as demand has dried up. Chief Executive Tom Haughey said: "...market share in key sectors continues to grow with a post-Olympic order book of £221m. The order book composition is largely as forecast from commercial offices, industrial, warehousing and energy / power sectors."

Mounting debts and plunging profits have seen structural steel firm Severfield-Rowen drop sharply through Tuesday morning trading. The company's underlying profits before tax came in at £10.1m, slightly above the market forecast of £10m but 34% down on 2010. Revenues held steady at £267.8m, above expectations of £262.5m (2010: £266.7) but debt doubled from £15m in the prior year to £31.3m by the end of 2011.

Profit for the six months fell 40.6% to $6.5m (2010: $11.0m). Cash generated from operations for the six months was $0.7m (2010: $17.2m). Quarter end cash was $62.3m (2010: $69.0m). The share price has lost 35%, or 165p, over the past year, although has scrapped back over 1% in the past month

Timothy Woolley, Chief Executive Officer of Polar Capital Holdings, an AIM-listed specialist investment management firm, sold half a million shares in the company on March 21st at 200p each. The director cashed in of the firm's soaring share price, which is up over 50% during the past year, equivalent to a 70p rise. In January the company posted net inflows of $193m during the three months to December 31st, following a series of lucrative contract wins. Speaking at the time, Woolley said he expects the ongoing uncertain macroeconomic conditions to constrain future industry fund flows in the near term. The £1m transaction takes his total holding to 6,500,000 shares, equivalent to 8.46% of the company's issued share capital. The director helped to establish Polar Capitals in 2001 and has been Chief Executive since 2009 after his predecessor resigned

Following the sale the directors have entered into a lock-up agreement whereby each of them and their families will not sell or transfer any of their shares without the written consent of the company for the next two years.

he company announced earlier this week that it had beat profit forecasts for 2011 as it sought to grow its care homes business. Turnover came in at £589m slightly below the consensus forecast of £598m but still 12% ahead of 2010. Profits before tax beat expectations, totalling £31.5m versus a forecast of £31.2m. The figure was 9% up on 2010