Small-cap spotlight

APPRECIATE Group, the financial services firm behind Love2shop gift cards and Park Christmas savings, has reported an improved performance since June after second quarter billings rose 14.6% on the same period two years ago.

The AIM-traded company has benefited from digital investment, as well as improved consumer confidence ahead of the main seasonal trading period. Appreciate, whose shares rose 0.9p to 28.5p, continues to expect the Christmas savings business will be about 14% down on its 2021 performance.