Access Intelligence warned it did not expect to meet current forecasts, in spite of strong trading in the fourth quarter. Analysts have forecast a loss of about £100,000 for the year to November.

The small software services company has made Michael Jackson, former chairman of Sage, executive chairman. Mr Jackson, who will "drive strategy and momentum" at the poorly performing company, is subscribing for 46m new shares at 2¾p each to raise £1.3m before expenses.