Filtronic on track for solid numbers in first half
5th Dec 2016 10:09
(ShareCast News) - Designer and manufacturer of microwave electronics products, Filtronic, posted a trading update for the six months to 30 November on Monday. The AIM-traded company traded strongly in the first half of its financial year and said it expects to report unaudited revenues for the peri
Read moreFiltronic sees return to profit; no immediate impact from Brexit
2nd Aug 2016 13:55
(ShareCast News) - Electronics maker Filtronic said it had narrowed full year losses and was looking to a return to profitability. Pre-tax losses were cut to £7m from £11m on sales revenue of £13.6m compared with turnover of £17.5m in 2015 as new orders arrived in the fourth quarter for Filtronic's
Read moreFiltronic wins large follow-up telecoms antenna order
21st Mar 2016 10:01
(ShareCast News) - Filtronic has won a sizeable $7.9m follow-on wireless telecoms antenna order. The AIM-listed maker of radio-frequency and microwave antennas for the mobile telecommunication market said it had won the follow-on order from a major European original equipment manufacturer (OEM) whic
Read moreFiltronic flies on wireless product fix
5th Aug 2015 09:50
(ShareCast News) - Shares in Filtronic soared on Wednesday morning after it revealed it had resolved a technical issue with its integrated wireless antenna product and hence won a follow-up order. The technical issues that arose in January were now reported to have been cleared up, with a pre-produc
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreSector movers: Weak earnings from IBM weigh on UK tech stocks
20th Oct 2014 13:52
Disappointing results from US tech titan IBM were weighing on hardware and equipment stocks this side of the Pond on Monday. IBM reported a profit of just two cents a share for the three months to 30 September, compared with $3.68 a year earlier, on revenues that declined to $22.4bn from $23.3bn. A
Read moreSector movers: ARM lifts tech stocks, miners rise
22nd Jul 2014 15:28
A positive market reaction to quarterly results from ARM Holdings helped tech stocks jump on Tuesday, while a return of risk appetite lifted the miners. Chip designer ARM, which makes processors for smartphones and tablets, said pre-tax profit in the six months to June 30th rose 9% year-on-year to
Read moreMonday broker round-up UPDATE
31st Mar 2014 10:41
African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating. Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating. ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight reco
Read moreFiltronic warns of sharp fall in wireless turnover
31st Mar 2014 07:36
- Wireless business facing sharp fall in activity - Second half Wireless turnover to be 60 per cent lower than previous six months - Maintains prospects for full-year 2015 are positive Wireless telecoms group Filtronic said its wireless business is facing a sharp, but temporary, fall in activity fo
Read moreSector movers: ARM drags tech stocks lower after royalty miss
4th Feb 2014 15:12
A negative reaction to results from ARM Holdings dragged the technology sector lower on Tuesday as weak royalty revenue growth once again disappointed investors. The chip designer beat headline forecasts with fourth-quarter revenue rising 15.3% year-on-year to $302.9m, compared with the consensus e
Read moreUncertain 4G demand hits Filtronic
28th Jan 2014 09:00
Uncertainty is clouding demand prospects for new 4G network products, knocking shares in wireless telecoms group Filtronic. Filtronic, which makes microwave electronics products for the wireless telecoms infrastructure market, said demand indications from some key 4G customers in the US are increas
Read moreBioquell names Michael Roller as the new Finance Director
21st Jan 2014 15:04
Bio-decontamination equipment products manufacturer Bioquell announced on Tuesday the appointment of Michael Roller as the group's new Finance Director. Roller qualified as an accountant with KPMG and has ample experience in the finance function, including within the life sciences sector. His mo
Read moreSector movers: ARM lifts tech stocks higher as new iPhone unveiled
11th Sep 2013 15:01
The launch of Apple's two new smartphone models may not have boosted the US group's own share price on Wednesday, but it did have a positive effect on two tech stocks in the UK, namely ARM Holdings and Imagination Technologies. Apple was trading 5.34% down at $468.24 in morning trade in New York af
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreFiltronic to exceed full year expectations
18th Apr 2013 11:17
Filtronic, which designs and manufactures electronic products for the wireless telecoms infrastructure market, has cheered investors after saying it expects group full year revenue and profits will exceed market expectations. Revenue for the period is expected to be in the region of £38.5m, driven
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