RPC, AudioBoom and LiDCO

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“Blue-chips edged lower in early trading with investors continuing their cautious, potentially risk-averse stance ahead of tomorrow’s General Election,” says AJ Bell Investment Director Russ Mould.

“Plastic products design and engineering group RPC was the biggest FTSE250 riser after pre-tax profits more than doubled. Acquisitions made since it launched its ‘Vision 2020’ growth strategy in 2013 continue to add value and the performance of its recent additions, GCS and BPI, was better than expected. RPC recently completed the acquisition of Letica which will provide an enhanced platform for growth in North America and it continues to look for other opportunities. RPC’s shares were up by more than 3.4% in early trading.

AudioBoom’s shares were up in early trading after first half revenues jumped by 447% and independent research it commissioned showed that podcasts were fast becoming the spoken-word choice for the younger people. The research showed that more than two-thirds now listened to radio less because they are listening to podcasts and 60% had bought a product mentioned in a podcast. AudioBoom’s shares were up by 3.7%.

LiDCO was a double-digit riser after its latest haemodynamic monitoring platform was granted clearance by the US Food and Drug Administration. The US dynamic haemodynamic monitoring market is experiencing significant growth and is currently estimated to be worth in excess of $100m a year. LiDCO’s US expansion plans are progressing well and the FDA clearance means the company can accelerate its commercial launch activities.”

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