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Xp Power Share News (XPP)
Share News for Xp Power (XPP)
| Share Price: 1,200.00 | Bid: 1,193.00 | Ask: 1,229.00 | Change: 0.00 (0.00%) |  | ||||||
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BRIEF-Weak sterling helps XP Power as clients cut capex
Fri, 23rd Jan 2009 11:21
By Catherine Bosley
LONDON, Jan 23 (Reuters) - The executive chairman of British electric
'The market's tough and everyone is looking at cutting capital expenditure,' Larry Tracey told Reuters in a telephone interview. 'The fact we're reporting in sterling more than compensates for that.'
'That creates a very, very strong wind behind our backs.'
XP Power makes power converters for medical, military and industrial electronic equipment, such as respirators and battlefield communications kits. Tracey said companies listed on the S&P 500 were XP's main clients.
About three quarters of XP's business was outside the United Kingdom and about half in dollars, Tracey said. More than half the company's expenses were booked in dollars, he added.
(Editing by Paul Hoskins)
((catherine.bosley@thomsonreuters.com; +44 207 542 9327))
($1=.7255 Pound)
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
By Catherine Bosley
LONDON, Jan 23 (Reuters) - The executive chairman of British electric
al components maker XP Power said on Friday that sterling weakness was more than offsetting cuts in capital expenditure by its clients.
'The market's tough and everyone is looking at cutting capital expenditure,' Larry Tracey told Reuters in a telephone interview. 'The fact we're reporting in sterling more than compensates for that.'
'That creates a very, very strong wind behind our backs.'
XP Power makes power converters for medical, military and industrial electronic equipment, such as respirators and battlefield communications kits. Tracey said companies listed on the S&P 500 were XP's main clients.
About three quarters of XP's business was outside the United Kingdom and about half in dollars, Tracey said. More than half the company's expenses were booked in dollars, he added.
(Editing by Paul Hoskins)
((catherine.bosley@thomsonreuters.com; +44 207 542 9327))
($1=.7255 Pound)
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
XP Power profit falls on lower revenue from North America, Europe
Feb 25 (Reuters) - Electrical component maker XP Power Ltd reported a 17 percent fall in adjusted pretax profit, hurt mainly by a decline in revenue[25 Feb '13]
RESEARCH ALERT-XP Power: Investec raises target price
Jan 10 (Reuters) - XP Power Ltd: * Investec raises target price to 1300p From 1150p; rating buy For a summary of rating actions and p[10 Jan '13]
RESEARCH ALERT-Peel Hunt cuts XP Power price target
Oct 9 (Reuters) - XP Power Ltd: * Peel Hunt cuts XP Power Ltd price target to 950p from 1,100p; rating hold For a summary[9 Oct '12]
RESEARCH ALERT-Investec cuts XP Power Ltd price target
Oct 9 (Reuters) - XP Power Ltd: * Investec cuts XP Power Ltd price target to 1150p from 1250p; rating buy For a summary of rat[9 Oct '12]
RESEARCH ALERT-Westhouse raises XP Power to strong buy
July 30 (Reuters) - XP Power Ltd: * Westhouse raises XP Power to strong buy from buy For a summary of rating actions and price target chang[30 Jul '12]
BRIEF-RESEARCH ALERT-Investec cuts XP Power target price
July 9 (Reuters) - XP Power Ltd: * Investec cuts XP Power target price to 1250p from 1300p; rating buy For a summary of rating ac[9 Jul '12]
BRIEF-RESEARCH ALERT-Westhouse Securities raises XP Power price target
March 15 (Reuters) - XP Power Ltd: * Westhouse Securities raises XP Power Ltd price target to 1450P from 1300P; rating buy For[15 Mar '12]
BRIEF-RESEARCH ALERT-Peel Hunt raises XP Power Ltd target price
Feb 20 (Reuters) - XP Power Ltd: * Peel hunt raises XP Power Ltd target price to 1100P from 800P; rating hold For a summa[20 Feb '12]
