TechMARK movers: KCOM continues rise

1st Feb 2010 15:13

Shares in telecoms services provider KCOM Group continue to rise following last Friday's contract win and trading statement. Hull-based KCOM has signed a five year contract with Phones4U to consolidate all the mobile phone retailer's telecoms services into a single source.Profit before tax and exceptional items increased 71% to £16.2m in the six months to September 2009 despite revenues falling to £210.8m from £243.6m last year. The interim dividend is unchanged at 0.5 pence a share. In contrast, high-tech instruments supplier Renishaw is still on the slide following the announcement of a sharp fall in interim profits last week. The interim dividend was nearly halved from 7.76p a share to 4p a share.Operating profit slumped to £6.9m (£11.9m), but Renishaw said this represented a marked recovery from the operating loss of £5.9m in the second six months of the previous financial year. Favourable currency movements benefited revenue and operating profits by £3.6m and £2.5m respectively.The order book increased from £9.7m in June to £17.6m by end December.FTSE TechMARK - RisersPhytopharm (PYM) 13.00p +6.12%Kofax (KFX) 182.00p +2.54%Consort Medical (CSRT) 374.75p +2.46%Puricore (PURI) 13.25p +1.92%NCC Group (NCC) 425.00p +1.80%SDL International (SDL) 481.25p +0.94%KCOM Group (KCOM) 55.25p +0.91%Antisoma (ASM) 33.50p +0.75%Morse (MOR) 41.50p +0.61%Kewill (KWL) 105.00p +0.48%FTSE TechMARK - FallersSkyepharma (SKP) 69.50p -9.45%Asterand (ATD) 16.00p -7.25%Vernalis (VER) 81.00p -6.36%Parity Group (PTY) 12.00p -6.25%Emblaze (BLZ) 38.50p -4.94%Renishaw (RSW) 588.50p -2.32%RM Group (RM.) 173.00p -2.26%Alterian (ALN) 144.75p -2.20%Oxford Biomedica (OXB) 11.50p -2.13%Dialight (DIA) 260.00p -1.89%