Review website Trustpilot gained investor confidence after raising its earnings forecast yesterday.
Shares in the company, which allows customers to leave public reviews of companies and their services, rose 12.1 percent, or 8.25 pence, to 76.35 pence.
However, the stock is still down 70 percent from its March 2021 listing price of 265 pence.
The Copenhagen company said it expects to return to the black in the first half of the year, sending investors to a £2.3m profit. Last year it posted a loss of £4.1 million.
It also said it was pleased with the progress made in the search for a CEO after Peter Holten Muhlmann stepped down in March after leading the show for 16 years.
Bounces back: Shares in Trustpilot, which allows customers to leave public reviews of companies and their services, rose 12.1% after it raised its earnings forecasts
Another company enjoying a stock rally was Seraphim Space Investment Trust.
Shares rose 14.9 percent, or 3.9 pence, to 30 pence after the space technology venture capital fund revealed that JP Morgan has been hired to buy back shares.
It marks a recovery after Seraphim floated at 100p two years ago, but recently dropped to a low of 26p.
The trust, chaired by former Virgin Galactic boss Will Whitehorn, raised £150 million when it was listed and is pinning its hopes on the arrival of mainstream space tourism.
But it has struggled over the past year as central banks raised interest rates and investors were deterred from stocks that are not profitable.
The FTSE 100 rose 0.3 percent, or 24.10 points, to 7440.21 while the FTSE 250 rose 0.3 percent, or 52.17 points, to 18,631.71.
It was boosted by energy and mining stocks as commodity prices rose. Antofagasta was up 2.1 percent, or 31.5p, to 1547p, while Glencore climbed 2.5 percent, or 11.3p, to 469.65p.
Aptitude Software Group fell 18.8 percent, or 64 pence, to 276 pence after the financial management software vendor announced that its boss Jeremy Suddards was leaving.
Another stock in choppy waters was Carnival, one of the biggest FTSE 250 fallers. The cruise line was down 4.7 percent, or 61 pence, to 1,231.5 pence as Shore Capital reiterated a sell advisory and raised a question mark over an increase in its share price in recent days.
The broker pointed to mountains of post-Covid debt and the group’s history of earning modest returns on investments.
Unbound Group, which owns trainer-retailer Hotter Shoes, fell 12.5 percent, or 0.13 pence, to 0.88 pence after it said filing for administration was “one of many options” it it was investigating.
Shares in ITV were also slightly dented – falling 0.6 per cent, or 0.44 pence, to 68.78 pence – despite a note from a broker raising the television giant’s price target from 100 pence to 102 pence.
Deutsche Bank said ITV’s Connected TV advertising segment “has a lot to offer” and “provides an attractive option for big screen advertising with sound”.
“While the focus has been on the structurally challenged linear TV advertising business, we believe the growth of advertising within ITVX is still in its infancy and a step up here should offset the decline in linear TV,” the note read.
Mike Ashley’s Frasers Group increased its stake in N Brown from 17.6 percent to over 18 percent.
Frasers fell 0.4 percent, or 2.5p, to 716p, while N Brown rose 1.1 percent, or 0.25p, to 24p. And Babcock’s shares rose 3.5 percent, or 10 pence, to 296 pence after the British aerospace and defense company said it had agreed to re-equip its HMS Victorious nuclear submarine with the submarine supply agency of the government.
Dominic Kieran, chief executive officer of nuclear at Babcock, said: ‘The work we do to support the vanguard class fleet, a vital part of Britain’s defence, has never been more important.’
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