Avacta grows but losses widen

■ Healthcare technology firm Avacta yesterday posted a 28 per cent rise in sales for the year to August, which it put down to improved performance in its animal healthcare division. However, the company’s losses widened to £1.6m from £1.1m last year. Avacta’s shares rose 4.4 per cent in trading yesterday.

"Despite a challenging backdrop we have seen solid commercial progress,” chief executive Alastair Smith said.