Top five performing Scottish stocks last week
Last week's best performing Scottish shares on the stock market.
Xcite Energy +24.4%
While shares in the Aberdeen-based heavy oil appraisal and development company – which is developing the Bentley field in the North Sea – enjoyed strong gains last week, they fell sharply today after the Aim-quoted firm warned that investors would be left with a “minimal residual equity stake” following a restructuring of its $135 million (£101.7m) senior secured bonds. It added: “The company will update shareholders as soon as any further information relating to the restructuring of the bonds can be made available.”
Shares closed at 6.63p on Friday 2 September and at 8.25p on Friday 9 September
Craneware +16.4%
The healthcare software specialist told shareholders last week that it was in a “stronger position than ever” as it unveiled a 10 per cent rise in annual profits. The Edinburgh-based firm, which develops billing software for the US hospitals sector, posted a pre-tax profit of $13.9m (£10.5m) for the 12 months to the end of June, up from $12.5m a year earlier, on revenues 11 per cent higher at $49.8m.
Shares closed at 1,022.5p on Friday 2 September and at 1,190p on Friday 9 September
Braveheart +11.1%