STOCK WATCH

Totalisator-style betting firm Webis Holdings proved to be a bad punt after its interims came up short, sending its shares down 9.4pc, or 0.25p, to 2.4p.

The AIM-listed company’s first half of its fiscal year was a challenging one, primarily due to the loss of a large syndicate placing bets.

As a result, fewer punts were placed through its platform.

This led to an overall pre-tax loss for the half-year period of £444,200, up from a loss of £14,280 a year earlier.