LONDON (ShareCast) - Parity is today’s best performer after the IT staffing group announced the disposal of Parity Training Limited to Xpertise for £4.775m.

The group said proceeds of the disposal will be used to reduce its borrowings, further strengthening its financial position going forward.

Parity said its remaining divisions, Resources and Solutions, have traded in line with management's expectations. “Improvement in working capital has been, and will remain, a high priority. At the end of June 2008 net debt was significantly lower than expectations and lower than at the end of 2007,” it said.

As stated previously, training experienced a weak first quarter due to delays in orders from clients. But the group said significant improvement in demand has been seen which, combined with cost reductions, is expected to deliver a strong second quarter.

Digital tetra radio provider Sepura said its expectations for full-year results remain unchanged, adding that Graham Mathews intents to retire as chief executive of the group.

FTSE TechMARK - Risers
Parity Group (PTY) 26.00p +13.04%
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Sinclair Pharma (SPH) 39.00p +4.70%
Vislink (VLK) 28.25p +4.63%
Anite Group (AIE) 37.50p +4.17%
Sepura (SEPU) 90.50p +4.02%

FTSE TechMARK - Fallers
Plasmon (PLM) 4.00p -8.68%
Oxford Biomedica (OXB) 9.70p -5.37%
Ark Therapeutics (AKT) 46.50p -5.10%
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Genetix Group (GTX) 54.00p -2.70%
Vernalis (VER) 4.80p -2.04%
Phytopharm (PYM) 15.50p -1.59%
Innovation Group (TIG) 17.75p -1.39%
SDL International (SDL) 362.00p -1.09%
Axis-Shield (ASD) 278.25p -1.07%

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