Shares in technology company Adapt IT rallied as much as 23% on Wednesday after the company said it was working to reduce its debt and would not have a rights issues. 

Following its financial results for the six months to end-December, released last week, the company said on Wednesday it would “prioritise reduction of net interest-bearing debt back to the targeted level of 50% of equity, and as a consequence is suspending all acquisitions until such time”...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now