TechMARK movers: Micro Focus continues to fall

25th Jun 2010 15:47

Software company Micro Focus International continues to fall after yesterday's full year figures and the resignation of its finance director.The figures for the year to April 2010 were in line with expectations but they were overshadowed by the news that finance director Nick Bray is stepping down. Nigel Clifford recently became chief executive. Tintin Stormont of broker Singer says that the new management has to convince investors that the company's strategy remains the same and gain their confidence. Singer forecasts a rise in profit from $157.8m to $177.6m this year. Loudspeaker technology developer NXT has perked up today but it is still down by nearly one-third over the past three months. FTSE TechMARK - RisersEmblaze (BLZ) 35.00p +8.53%Intec Telecom Systems (ITL) 53.75p +6.44%Phytopharm (PYM) 8.38p +4.42%Consort Medical (CSRT) 380.00p +3.97%Biocompatibles International (BII) 270.00p +3.85%NXT (NTX) 10.00p +3.84%XP Power (XPP) 580.00p +3.57%KCOM Group (KCOM) 48.75p +3.17%Sinclair Pharma (SPH) 26.50p +2.91%Oxford Biomedica (OXB) 11.75p +2.17%FTSE TechMARK - FallersMicro Focus International Plc (MCRO) 437.30p -4.93%Corin Group (CRG) 53.50p -4.46%Torotrak (TRK) 19.75p -3.80%Imagination Technologies (IMG) 273.60p -3.70%Dialight (DIA) 325.00p -2.99%Parity Group (PTY) 8.50p -2.94%Kewill (KWL) 118.25p -2.47%BATM Advanced (BVC) 23.00p -2.13%Innovation Group (TIG) 11.75p -2.08%Triad Group (TRD) 24.00p -2.08%