Market Age warns on results

The software group Market Age has said its full-year results are likely to be far worse than expectations, but said it remains upbeat about future prospects.

The company sells financial software to currency and futures traders via the internet, but said registrations "have continued to fall short of our expectations."

As a result Market Age said it believed that "the results for the full financial year will be significantly below market expectations."

But is added that "significant new sales prospects" were in the pipeline and that it remained confident about the future.

The company also released interim results for the six months to 31 August. The figures had been delayed following the resignation of the group's broker and adviser Brewin Dolphin Securities.

Turnover at the group fell to £151,000 from £233,000 in the same period last year, although its pre-tax operating loss fell to £1.2m from £1.6m last year.