Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTCM.L Share News (TCM)

  • There is currently no data for TCM

Sector movers: Tech stocks advance

Wed, 08th Sep 2010 15:14
Technology hardware and equipment stocks are among today's best performers. Telit is one the risers in the sector.The machine-to-machine communications technology company Telit continued on the recovery trail in the first half of this year and the second half of 2010 looks like being just as strong, prompting the company to advise that full year results are likely to be ahead of expectations.The healthcare equipment and services is in the red despite some well-received results from a couple of stocks in the sector.Wound care specialist Advanced Medical Solutions (AMS) had a strong first half of the year with the recent acquisition of polyurethane foam business Corpura providing an extra boost.Revenue from continuing operations in the first half of the year rose by 47% to £14.5m from £9.9m last year, though with the contribution from Dutch firm Corpura excluded the rise shrinks to 25%.Revenues were up at healthcare products storage group Vindon Healthcare in the six months to June 30, but profits fell back as the company laid the foundations for US expansion.Pre-tax profits climbed fell to £412,000 from £506,000 as revenues increased to £2.64m from £2.59m.Top performing sectors so far todayTechnology Hardware & Equipment 563.09 +1.90%Electricity 7,188.01 +1.60%Fixed Line Telecommunications 1,948.70 +1.53%Gas, Water & Multiutilities 4,498.89 +1.17%Industrial Metals & Mining 6,083.75 +1.11%Bottom performing sectors so far todayHealth Care Equipment & Services 3,018.64 -0.87%Beverages 8,484.38 -0.66%Banks 5,005.91 -0.60%Real Estate Investment & Services 1,455.87 -0.59%Industrial Engineering 5,420.27 -0.51%

Related News

LONDON BROKER RATINGS: Berenberg cuts Berkeley and raises Bellway
2 days ago

LONDON BROKER RATINGS: Berenberg cuts Berkeley and raises Bellway

(Alliance News) - The following London-listed shares received analyst recommendations on Friday morning and on Thursday:

LONDON BRIEFING: Stocks red, Wise profit down but revenue grows
2 days ago

LONDON BRIEFING: Stocks red, Wise profit down but revenue grows

(Alliance News) - The FTSE 100 was called lower on Friday, as tensions continue in the Middle East, while BP has announced a new technical services co...

London stocks climb on financials, retail boost
3 days ago

London stocks climb on financials, retail boost

June 25 (Reuters) - London's main ​FTSE ⁠indexes gained on Thursday, with financial and ​retail companies posting strong business updates, while easyJ...

TCM.L News

Tuesday broker round-up UPDATE
19 Mar 2013

Tuesday broker round-up UPDATE

Admiral Group: Canaccord Genuity raises target price from 1050p to 1215p, but reiterates its sell recommendation. BAE Systems: Investec moves target ...

Telit on track to hit full year targets
10 Oct 2012

Telit on track to hit full year targets

Wireless tech firm Telit Communications has provided a positive trading update, saying that the trading outlook for the full year is in line with mark...

Telit first half powers ahead
10 Sep 2012

Telit first half powers ahead

Wireless tech firm Telit Communications ramped up first half revenue and adjusted pre-tax profit and said the outlook for the rest of the year remains...

Small caps round-up: Lighthouse, Verona Pharma, Manroy...
9 Jul 2012

Small caps round-up: Lighthouse, Verona Pharma, Manroy...

Shares in Lighthouse Group, the financial advice and wealth management group, plunged on Monday after the company proposed to cancel its listing on AI...

Forum director exercises options over one million shares
29 May 2012

Forum director exercises options over one million shares

Walter Brown, a Non-Executive Director of UK based gas & oil Forum Energy, has exercised one million shares in the company at 31p each. The £310,000...

Telit profits whacked by acquisition costs
26 Mar 2012

Telit profits whacked by acquisition costs

Annual pre-tax profit more than halved at Telit Communications, a machine-to-machine (M2M) wireless tech firm, after higher costs related to acquisiti...

Telit Communications sets up direct line to Telefonica
28 Feb 2012

Telit Communications sets up direct line to Telefonica

Telit, a machine-to-machine (M2M) communications firm, has announced a global strategic partnership with Telefónica, a world leader in telecommunicati...