TechMARK movers: Investec downgrades Cable & Wireless
9th Nov 2009 14:51
Investec Securities has cut its target price for telecoms group Cable & Wireless from 140p to 120p a share. The broker has downgraded its recommendation from hold to sell. Investec believes that lower revenues in the Caribbean have not been fully offset by cost cutting. There are also fears that C
Read moreTechMARK movers: Torotrak stuck in wrong gear
28th May 2009 17:19
It was another bad day for gearbox designer Torotrak, down 7% after Wednesday's results and on growing fears about the motor industry. Yesterday the group said it had narrowed full-year losses to £1.9m from £2.3m last time and increased turnover to £4.6m from £3.6m. But satnav group Trafficmaster
Read moreLondon close: Footsie limps back into positive territory
27th May 2009 17:02
The movements of London's blue-chip index looked as if they were being directed by the grand old Duke of York today, with the index starting the day on the up, then heading lower over the lunchtime session before finishing roughly where it started. Sterling moved above $1.60 for the first time sin
Read moreTechMARK movers: Torotrak in reverse
27th May 2009 15:47
Gearbox designer Torotrak has had a rollercoaster ride today and trades down 12% near the end of the session despite narrowing full-year losses. The annual deficit closed to £1.9m from £2.3m last year on turnover up to £4.6m from £3.6m before. But worries about the impact of the recession on the mo
Read moreLondon afternoon: Footsie drifts into the red
27th May 2009 14:58
London's leading shares are mixed in quiet trading. Hopes of receiving a lift from a strong start on Wall Street have been dashed, with the US market trading indecisively as London as traders await the release of US existing home sales data. Water companies receive a boost ahead of the sector's res
Read moreLondon midday: Water companies keep Footsie afloat
27th May 2009 12:10
The Footsie is barely keeping its head above water, despite expectations of a moderately firm start on Wall Street. Water companies receive a boost ahead of the sector's results season which starts this week, with Credit Suisse claiming the sector's rally is set to continue. The Swiss bank has upgr
Read moreTorotrak narrows losses
27th May 2009 08:00
Gearbox designer Torotrak narrowed pre-tax losses for the year as turnover jumped 25% as it continues to make progress towards full commercialisation of its technology and business. "Torotrak is well positioned and resourced, both financially and operationally. This, together with the strength of o
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