Trakm8 Holdings PLC - Birmingham-based telematics and data insight provider - Wins contract with start-up Love Your Miles to offer devices, a custom app and platform services for Love Your Miles’s insurance propositions. The company does not specify the sum of the contract. Trakm8 says the contract is expected to start writing insurance policies this month.

Love Your Miles Managing Director Stuart Whalley says: We are a digital, InsureTech start-up and in Trakm8 we believe we have a partner that aligns perfectly with our focus to provide simple usage-based insurance solutions to customers.‘

Current stock price: 15.50 pence

12-month change: down 8.6%

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