STOCK WATCH

TRACKWISE Designs plunged after it said it needs to raise money to get a new manufacturing plant up and running.

It had signed a four-year agreement to supply its circuits to a UK manufacturer of electric vehicles. But the AIMlisted firm’s funding plans have been affected after the customer last month said it expects fewer units.

Trackwise is in ‘advanced discussions’ about a new contract and ‘reviewing options for additional funding’. Shares fell 47.4pc, or 9p, to 10p.