STOCK WATCH

■ SHARES in financial data site ADVFN tanked after it warned of a slump in sales and scrapped its dividend.

In a bleak update, it said sales since the start of 2022 ‘have been disappointing’ and ‘significantly less’ than in the same period a year earlier.

‘In particular, advertising sales have been disappointing reflecting among other things a softer market for financial media,’ the firm said, adding it now faces significant losses.

Shares fell 27.2pc, or 20.5p, to 55p.