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Back-up batteries producer China Shoto surged more than 50% Wednesday morning after it announced plans to buy back shares at 380p each and delist from AIM. Following the cancellation of the company's listing on AIM the directors will consider various strategic options which may include a listing on
Read moreBack-up batteries producer China Shoto says that it has been hit by a sharp reduction in investment by the three main Chinese telecoms operators. AIM-quoted China Shoto's main market is back-up batteries for telecoms base stations. A stimulus package by the Chinese government had boosted spending
Read moreDigital media formatting specialist ZOO Digital said a second major film studio has adopted a solution using Zoo's media collaboration platform. The name of the studio cannot be revealed for contractual reasons. The system, which includes ZOO's Media Adaptation Tool, enables the user to repurpose s
Read moreLONDON (Dow Jones)--China Shoto PLC (CHNS.LN), a Chinese battery producer and the supplier of back-up battery to China's telecommunication operators, said Tuesday revenue and profit during the first five months of 2010 has fallen 15% compared with a year earlier. MAIN FACTS: -Company remains
Read moreOxford Metrics Group (OMG) rallied Wednesday after the image technology company flagged half-year revenue of £14.4m and predicted a pre-tax profit ahead of the market's current forecast for the full year. The firm says it is in "robust financial health", which pleases Daniel Stewart. The broker poi
Read moreShares in battery maker China Shoto got a charge on Thursday morning as the company issued a profits guidance upgrade. Though the company did not include any figures in a brief statement, it did say that profit before tax for 2009 will be ‘materially ahead of market expectations’. Market consensus
Read moreContinued growth in the Chinese economy despite the global downturn helped China Shoto, which makes batteries for mobile phones, post a 41% rise in revenues in the half year to June 30. Pre-tax profits climbed to £6.4m from £4.4m over the same period the previous year as revenue rose to £96.5m from
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