TechMARK movers: Innovation recovers

9th Dec 2010 13:08

Shares in The Innovation Group are recovering following Tuesday's results. The software and services supplier to the insurance sector has almost completed its restructuring. Loss before tax narrowed to £1.7m for the year ended 30 September 2010 from a loss of £19.8m previously. Revenues during the period rose to £162.1m from £155.9m a year before.Morgan Stanley has downgraded its recommendation for COLT from overweight to equalweight. Smith & Nephew has been hit by profit-taking after yesterday's sharp rise on the back of bid rumours. FTSE TechMARK - RisersOxford Biomedica (OXB) 9.49p +5.33%Cobham (COB) 204.30p +4.02%Innovation Group (TIG) 14.00p +3.70%Parity Group (PTY) 15.25p +3.39%Vernalis (VER) 33.00p +3.12%Vislink (VLK) 23.00p +2.22%Dialight (DIA) 490.00p +2.08%Oxford Instruments (OXIG) 642.00p +2.07%Filtronic (FTC) 38.00p +2.01%ProStrakan Group (PSK) 88.75p +1.72%FTSE TechMARK - FallersCOLT Group SA (COLT) 124.70p -3.26%BATM Advanced Communications Ltd. (BVC) 21.50p -2.27%Vectura Group (VEC) 67.25p -1.82%Smith & Nephew (SN.) 650.00p -1.81%Antisoma (ASM) 5.90p -1.67%Biocompatibles International (BII) 384.50p -0.90%Wolfson Microelectronics (WLF) 282.50p -0.53%