Marketing agency Jaywing said it expected its full-year results to be in line with market expectations for what was a 'very challenging' year.

The company said it had realigned the cost base in its performance marketing division and seen spending by marketing clients start to recover.

'It has been a very challenging year due to tough market conditions for our performance marketing division in the UK and our brand-led marketing agency in Newbury,' chief executive Martin Boddy said.

'However, it is important to recognise the excellent performance in other areas of the business and opportunity that we have created to accelerate growth in Australia with our acquisition of Frank Digital.'

At 2:26pm: (LON:JWNG) Jaywing Plc share price was -0.5p at 21.5p