Grafenia issues trading update

Grafenia said whilst post-Brexit vote trading was difficult, the improvement since the summer and the encouraging increase in the number of Nettl and Brand Partners, means that, provided trading continues to improve, market expectations remain achievable.

"The Board has continued to evaluate different options to progress the acquisition strategy," Grafenia said in a statement.

"While the Board remains opportunistic, it is prioritising acquisitions of relatively small businesses that would be complementary to Grafenia's core operations.

"The Company is currently in early stage talks with several potential opportunities and will update the market as appropriate."

At 9:22am: (LON:GRA) Grafenia share price was -1.38p at 8.75p