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Craneware soars as Rolls boosted by defence focus

Keith NeilsonShares in Edinburgh medical software company Craneware headed by Keith Neilson (pictured) rose 4.4% on the back of a strong start to its trading year.

The shares closed at 830p, up 35p on the day and 23% over the past three months.

The company, based in Canon Mills but which does almost all of its business in the US, said strong sales and high levels of cash generation mean it is well-positioned to continue to execute on its growth strategy.

The FTSE 100 surged by 2% or 122.38 points at 6,268.76 boosted by engineer Smiths Group and defence stocks, which rose as France sent jets to bomb Syria in response to last week’s terror attack on Paris.

Smiths Group surged 10.2% as the strongest performer in the leading index and after robust first-quarter results.

The focus on defence stocks also helped troubled Rolls-Royce, which slumped last week on the back of a profit warning. Shares were up 5.1% while BAE Systems gained 2%.

Budget airline operator easyJet fell 4.1% despite reporting an 18% leap in annual profit.

 

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