Stanley Gibbons says no reason for share price jump

Philately specialist Stanley Gibbons noted the recent jump in its share price on Monday and said it knows no reason for the movement.

The AIM-listed group said it remains in dialogue with the bank and other parties in relation to its ongoing financing.

"The company remains in default under its banking facilities and is therefore reliant on the bank's support. Further announcements will be made in due course."

At 1450 GMT, the shares were up 11% to 5.48p.