Pinnacle soars on Baxters deal; Aberdeen falls
Fri close: Shares in Pinnacle Technology soared 8.6% to 7.88p after it announced a cloud agreement with Baxters Food Group which will enable the company to unify its international IT Security operation.
Pinnacle, which provides converged technology solutions, said it will assist in consolidating Baxters’ global operations, integrating end point security, web filtering, and insider threat monitoring. The company did not disclose any financial details of the deal.
Aberdeen Asset Management shares slipped 1.9% to 306.7p after the firm, led by Martin Gilbert (pictured), bought digital technology company Parmenion Capital Partners and its sister company Self-Directed Holdings.
Bristol-based Parmenion, a member of the Fintech 50, provides risk graded portfolios to UK financial advisers and has £1.9 billion assets under management.
The FTSE 100 suffered another day of turbulence, falling 151.18 points to 6,042.92.