STOCK WATCH

A CONTRACT win with a mystery financial institution sent shares in data storage firm Wandisco higher.

Shares jumped 9.8pc, or 56p, to 626p after Wandisco said it had secured a lucrative deal through its partnership with IBM. While the company did not reveal its customer, it said it expects the contract to generate £3.2m in royalties.

Wandisco provides technology to let firms with large amounts of data on servers replicate it into a cloud while the data is being updated.