STOCK WATCH

■ SHARES in Photo-Me International surged after it cashed in on soaring demand for passports following the easing of Covid restrictions.

In an upbeat update, the passport photo booth and launderette operator said it expects revenue growth of at least 20pc for the full year compared with 2021.

Photo- Me has forecast annual profits of between £79m and £84m as long as no further restrictions are imposed. Shares shot up 18.5pc, or 14.8p, to 95p.