Daisy’s core retail business has had a number of contract wins, with both public and private sector customers taking up its broadband, hosting and business mobile services, the Aim-listed firm said in an update.
Daisy Group’s shares jumped 5.7 per cent on the news to close at 147p yesterday. The group will release its interim results on 3 December.
“In a sector where corporate activity is increasing Daisy looks attractive,” said William Shirley at Liberum Capital in a note to clients. “Historic acquisitions have been fully integrated onto a single platform (Daisy Central), Daisy’s scale in the SME market would be hard to replicate and its network independence would give synergies to a carrier.”