Filtronic to make loss as customers hold back
16th Apr 2010 08:02
Filtronic's customers have been slow to start spending again following the downturn and the company, which makes microwave electronics products for the wireless telecoms market, expects to make a small operating loss for the full year as a result. 'Trading in the fourth quarter has suffered from th
Read moreFiltronic says reduced demand to continue
25th Jan 2010 07:58
Filtronic revealed a decline in half year pre-tax profit and said it expects reduced demand levels to continue through the remainder of the financial year. The telecommunications technology group said pre-tax profit from continuing operations fell to £0.1m for the six months ended 30 November 2009
Read moreTechMARK movers: Ark tries again
5th Jan 2010 14:46
Ark Therapeutics is having another go at gaining regulatory approval for its brain cancer drug Cerepro. The European Medicines Agency (EMEA) rejected Cerepro before Christmas because it did not appear to be effective. Ark says that it has assessed the evidence of the Phase III study and it believe
Read moreTechMARK movers: ProStrakan to break even
20th Aug 2009 14:30
Tostran testosterone gel maker ProStrakan trimmed half year losses, posted a 40% increase in revenue and is confident it will break even by the end of 2009. For the six months ended 30 June 2009 pre-tax loss reduced to £9.4m from a loss of £11.8m the same time a year earlier. Revenue rose to £37.0
Read moreSmall caps round-up: Toledo Mining, Gasol, Novae...
20th Aug 2009 10:25
Toledo Mining fell back after it said a shipment of nickel ore from the Berong mine in the Philippines to mining giant BHP Billiton had been delayed due to bad weather BHP is lodging a claim for the delay. Africa-focused oil and gas explorer Gasol has raised a further £1m through a placing of shar
Read moreLondon close: Footsie equals winning streak
27th Jul 2009 16:59
Though it was a close run thing the Footsie ended the day in the blue, equalling its record run of 11 successive days of rises. The blue-chip index was supported by a strong performance from miners and the part-nationalised banks. Lonmin was wanted after Goldman Sachs upgraded the stock to "neutr
Read moreLondon afternoon: Winning streak in danger
27th Jul 2009 14:34
Footsie has dipped back into the red, with sentiment taking a knock from Wall Street's soft opening. Were the Footsie to finish higher today it would equal a record streak of 11 successive days of gains. Pearson remains the best performer on a much better than expected trading update. The publishin
Read moreSmall caps round-up: Filtronic, EMED, Coe Group ...
27th Jul 2009 08:31
Telecommunications technology group Filtronic saw a sharp fall in revenues in the year to May 31 as demand slumped. Revenue from continuing operations fell to £28.8m from £40.1m, but the group posted a pre-tax profit. However, the group moved into a pre-tax profit of £2.3m from a loss of £16.2m
Read moreLondon close: Miners buoy Footsie
10th Jun 2009 16:37
Footsie finished higher but with much diminished gains after surging in early dealings led by buoyant mining stocks then falling back as Wall Street retreated. Miner ENRC surged ahead after it said sales and production volumes during the first quarter were better than prior expectations though pri
Read moreLondon afternoon: Equities off the top
10th Jun 2009 15:06
Shares have eased back in the first half of the afternoon session, though Footsie remains in positive territory. Miners and banks remain the best performers. Miner ENRC surges ahead after it said sales and production volumes during the first quarter were better than prior expectations though pricin
Read moreTechMARK movers: Filtronic on track
10th Jun 2009 13:00
Filtronic is among today's main risers after the electronics group said trading in the second half of the year has been as expected with a better than breakeven result and operating cash neutrality. The group also announced that chief financial officer Stephen Mole will step down at the end of Sep
Read moreLondon midday: Miners continue to rally
10th Jun 2009 12:19
Footsie is up more than 100 points with miners and banking shares driving the market forward. Miner ENRC is one of the main risers. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Xstrata, Kazakhmys, R
Read moreLondon open: Miners lift Footsie
10th Jun 2009 08:49
London's blue chips have made good gains early on with miners pushing on strongly. Miner ENRC leads the blue chip index. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Kazakhmys and Antofagasta are al
Read moreFiltronic trading in line, board changes
10th Jun 2009 07:23
Electronics group Filtronic said trading in the second half of the year has been as expected with a better than breakeven result and operating cash neutrality. The group also announced that chief financial officer Stephen Mole will step down at the end of September. The process to appoint a succes
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