TechMARK movers: Cost-cutting key for Promethean World

12th Jan 2011 12:55

Shares in Promethean World reacted positively after it revealed that it is cutting more costs.The e-learning group says that 2010 revenues will be near to the top of downgraded expectations. Management expects trading to continue to be tough. There will be higher than expected one-off costs at the end of 2010 as it realigns the cost base.Promethean World floated at 200p a share in March 2010. BT has announced the latest stage of its super fast broadband development plans. This will cover 41 market towns with 300,000 business and consumer customers. They will be able to access broadband speeds of up to 40Mb/s from Spring 2012.Oxford Biomedica is drifting back towards its 5p a share open offer price at the turn of the year. The shares are 15% lower on the month. FTSE TechMARK - RisersRenovo Group (RNVO) 71.00p +8.40%Innovation Group (TIG) 16.50p +4.76%Cryptologic Ltd. (CRP) 110.00p +4.76%Ricardo (RCDO) 325.00p +4.50%Filtronic (FTC) 47.00p +3.87%Promethean World (PRW) 68.25p +3.80%Hiwave Technologies (HIW) 4.00p +3.09%Sinclair Pharma (SPH) 42.00p +3.07%NCC Group (NCC) 640.00p +2.40%Smith & Nephew (SN.) 684.50p +2.16%FTSE TechMARK - FallersArk Therapeutics Group (AKT) 5.15p -7.21%Psion (PON) 94.25p -2.33%Oxford Biomedica (OXB) 5.60p -1.75%Kewill (KWL) 87.25p -1.69%KCOM Group (KCOM) 59.00p -1.67%Asterand (ATD) 16.00p -1.54%BT Group (BT.A) 187.90p -1.52%XP Power Ltd. (DI) (XPP) 1,241.00p -1.51%Alterian (ALN) 201.00p -1.47%Dialight (DIA) 552.50p -1.34%