STOCK WATCH

SHARES in digital advertising firm RhythmOne took off after a ten-fold rise in earnings.

In a trading update, the Aimlisted stock revealed earnings rocketed from £980,000 to £9.8m, a 900pc increase, in the year ending March 31.

Revenue increased 71pc to £179m while it had cash reserves of around £18.2m.

Chief executive Ted Hastings says it is ‘well-positioned to deliver a further strong performance in the 2019 financial year’. Shares shot up 16.9pc, or 30p, to 208p.