STOCK WATCH

ADGORITHMS is a software firm which uses artificial intelligence-based algorithms to help online advertisers to engage customers.

Shares in the business, founded in 2010, soared as it announced it had won a 12month rolling contract with one of the world’s largest nutrition, health and wellness companies. Adgorithms’ technology – named Albert – will be used in online ad campaigns across South America.

Shares soared 27.2pc, or 4.5p, to 21p.