Torotrak swings into full year loss
25th May 2011 08:55
Shares in gearbox designer Torotrak plunged as it swung into a pre-tax loss for the year after reduced sales and restructuring costs. The group posted a pre-tax loss of £3.1m for the year ended 31 March compared to a pre-tax profit of £0.4m the same time a year earlier. Revenue fell to £5.1m during
Read moreTorotrak jumps after £8m agreement
13th Apr 2011 13:20
Vehicle transmission group Torotrak saw shares climb 17% after signing an £8m licensing and engineering agreement with US-based peer and shareholder Allison Transmission. "This supports the immediate start of a production intent design as part of Allison's multi stage programme, supported by Torotr
Read moreSector movers: Torotrak lifts auto stocks higher
13th Apr 2011 12:51
Vehicle transmission group Torotrak is providing a lift to the automobiles and parts sector, with shares climbing 17%. The firm revealed Wednesday that it has signed a licensing agreement totalling £8m with its largest shareholder, US-based peer Allison Transmission. Engineering giant GKN is among
Read moreTechMARK movers: Torotrak continues to rise
4th Mar 2011 12:31
Shares in Torotrak continue their rise this week following the announcement of one of its prototype transmissions being used in a Tata Pixel concept car. The share price has risen by 45.7%. The BT Pension Scheme has edged up its stake in e2v Technologies to just above 9%. Two small share sale
Read moreTechMARK movers: Positive reaction to GlaxoSmithKline figures
3rd Feb 2011 13:53
Shares in GlaxoSmithKline have reacted favourably to the drug developer's 2010 figures. Generic competition hit revenues, which were down 1% to £28.4bn. Pre-tax profits were down to £4.5bn from £8.7bn. The full-year dividend was raised by 7% to 65p a share. Drive technology developer Torotrak
Read moreSector movers: Automobiles sector motors ahead
7th Jan 2011 15:41
The automobiles and parts sector is accelerating higher despite a mixed report from the Society of Motor Manufacturers and Traders (SMMT). Car sales slowed sharply in the second half of 2010 and remain under pressure but should pick up in the last six months of this year. While car sales rose by 1.
Read moreSmall caps round-up: Torotrak, Omega Insurance
7th Jan 2011 13:08
Shares in gearbox designer Torotrak motored ahead after it reported that its outdoor power equipment joint venture with US group MTD has been replaced with new licensing arrangements, including an additional $1.6m (£1m) in payments to Torotrak. Omega Insurance Holdings has increased its estimate of
Read moreTechMARK movers: Broker boost for Torotrak
25th Nov 2010 12:55
Torotrak has perked up today following yesterday's buy note published by Charles Stanley. Gearbox designer Torotrak increased development costs to £2.5m in the first half, but still narrowed interim losses to £1.8m from £2.2m this time last year. Charles Stanley has initiated coverage following th
Read moreSmall caps round-up: Renew, Bango, Samuel Heath...
23rd Nov 2010 11:08
Engineering and construction services firm Renew has had a "satisfactory" operating result for the year ended 30 September in line with expectations. Profit before tax and exceptional items dipped to £4.6m from £5.5m on revenue down to £290.4m from £316.6m a year ago. There's been a 50% increase in
Read moreTechMARK movers: Lack of revenue visibility at Torotrak
29th Jul 2010 13:59
Torotrak has warned that the outcome for the year to March 2011 is still reliant on potential licence discussions and whether Allison transmission takes-up further options. Transmission systems developer Torotrak has recognised £700,000 of licence income from Allison so far this year. The develo
Read moreTorotrak 1Q Trading In Line, Has Strong Cash Resources
29th Jul 2010 11:41
LONDON (Dow Jones)--Torotrak PLC (TRK.LN), which develops and manufactures infinitely variable transmission systems for all types of vehicles, said Thursday that since reporting results for the financial year ended March 31, in May trading has been in line with management's expectations and those of
Read moreTechMARK movers:
25th May 2010 15:40
Hull-based telecoms services provider KCOM is bucking the trend in the market today. The share price rise comes after a sharp fall earlier this month. Figures for the year to March 2010 were broadly in line with expectations but the net debt figure was better than expected. Underlying pre-tax profi
Read moreLondon afternoon Markets in full-scale retreat
25th May 2010 14:35
Shares are in full-scale retreat around the World with the Dow over 250 points lower soon after the opening bell. London is lower by a similar amount in percentage terms, as concerns over a possible bail-out of Spain and growing military tensions between North and South Korea. Moves by Spanish reg
Read moreLondon midday: Prices bottom out
25th May 2010 12:02
The FTSE 100 dived below the 5,000 level in the first few minutes of trading and at one point in the morning session dipped briefly below 4,900 but prices have now stabilised. Though it is scant consolation, London is not alone in shifting violently into reverse gear, as increasing fears about a p
Read moreChairman-elect buys Collins Stewart shares
22nd Mar 2010 16:39
Chairman-elect Tim Ingram has acquired 250,000 shares in broker Collins Stewart. Ingram has been a non-exec on the broker's board for 10 weeks and the share purchase at 77.69p a share represents an investment of £194,225. The purchase takes his stake to 285,000 shares. Ingram takes over as chair
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