TechMARK movers: BT returns to profit

13th May 2010 13:32

BT is leading the TechMARK index upwards after it released its full year figures showing a return to profit in the fourth quarter. The reported pre-tax profit of £1.01bn in the year ended March 2010 compared with a loss of £244m last time. In the final quarter, the pre-tax profit was £251m compared to a loss of £1.31bn the same time last year.The proposed final dividend of 4.6p a share gives a full year dividend of 6.9p a share, an increase of 6%. Chief executive Ian Livingstone says he expects the telecoms giant to grow revenues and profits and improve cash generation over the next three years. There was a spike upwards in the share price as CML Microsystems switched broker from Panmure Gordon to Cenkos. CML intends to seek shareholder permission to switch from a premium listing to a standard listing at its AGM in July. The integrated circuits supplier had considered delisting but decided to retain a London quotation. FTSE TechMARK - RisersBT Group (BT.A) 133.30p +10.62%CML Microsystems (CML) 57.50p +9.52%Biocompatibles International (BII) 230.00p +5.02%Antisoma (ASM) 6.30p +4.65%Torotrak (TRK) 23.50p +4.44%Cable & Wireless Worldwide (CW.) 82.45p +3.06%Parity Group (PTY) 9.25p +2.70%Oxford Biomedica (OXB) 10.00p +2.56%Vislink (VLK) 21.00p +1.20%Alterian (ALN) 170.25p +1.04%FTSE TechMARK - FallersPhytopharm (PYM) 9.25p -5.41%KCOM Group (KCOM) 47.00p -4.08%Triad Group (TRD) 31.50p -3.17%Cobham (COB) 246.90p -2.14%Xaar (XAR) 122.00p -2.05%GB Group (GBG) 26.00p -1.92%Sinclair Pharma (SPH) 28.00p -1.79%Phoenix IT Group (PNX) 250.50p -1.76%Ricardo Group (RCDO) 304.75p -1.69%Axis-Shield (ASD) 311.00p -1.27%