STOCK WATCH

A SERIES of contract wins sent shares in electronic systems developer Pipehawk into overdrive.

The AIM-listed firm said it had received a number of ‘significant’ orders for its QM Systems division, which provides automation engineering services to the automotive, rail and aerospace industries, among others.

In total, QM has received £1.9m-worth of orders in the first half of the year.

Shares rocketed 98.4pc, or 3.05p, to 6.15p.