Imagination Technologies Group Share News (IMG)

Strong share trading activity has been pushing up the price of Imagination Technologies. The multimedia chips designer is benefiting from increasing numbers of smartphones and the growth in digital radio. Imagination reported slightly better than expected interim figures for the six months to October 2009. Royalty revenues were particularly strong even though volumes were slightly lower than forecast.Fund manager Gartmore cut its stake in power control components manufacturer XP Power from 1.77m shares to 925,000 shares, or 4.81%. A trading statement in November noted that trading was resilient. There are early signs of improving demand but the company cautioned that this might be restocking by customers. XP Power said that it was on course to report record underlying earnings per share. Analysts forecast eps of 36.7p. The eps of 46.4p reported in 2008 included a £2.4m forex gain so the underlying figure was below the 2009 forecast. FTSE TechMARK - RisersImagination Technologies (IMG) 260.60p +8.13%Visonic (VSC) 71.00p +5.97%Torotrak (TRK) 28.75p +5.50%Phytopharm (PYM) 11.25p +4.65%Puricore (PURI) 13.75p +3.77%Skyepharma (SKP) 91.00p +3.41%Anite Group (AIE) 33.00p +3.13%KCOM Group (KCOM) 45.25p +2.84%Oxford Biomedica (OXB) 11.50p +2.22%Emblaze (BLZ) 40.00p +1.91%FTSE TechMARK - FallersInnovation Group (TIG) 10.50p -4.55%Kofax (KFX) 175.00p -2.78%Alphameric (ALM) 27.00p -2.70%Psion (PON) 95.00p -2.06%Parity Group (PTY) 12.75p -1.92%Renovo Group (RNVO) 28.25p -1.74%NXT (NTX) 16.00p -1.54%Vislink (VLK) 23.75p -1.04%E2V Technologies (E2V) 59.00p -0.84%XP Power (XPP) 443.00p -0.45%