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

IN BRIEF: Advanced Medical Solutions extends HB Fuller offer deadline
2 days ago

IN BRIEF: Advanced Medical Solutions extends HB Fuller offer deadline

Advanced Medical Solutions Group PLC - Cheshire, England-based surgical dressings company - Announces the extension of the put-up-or-shut-up deadline ...

TCM.L News

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets
17 Dec 2020

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

IN BRIEF: DBAY Pulls Out Of Telit Communications Takeover Battle
15 Dec 2020

IN BRIEF: DBAY Pulls Out Of Telit Communications Takeover Battle

IN BRIEF: DBAY Pulls Out Of Telit Communications Takeover Battle

Telit Communications Says DBAY Takeover Price Suggestion Too Low
7 Dec 2020

Telit Communications Says DBAY Takeover Price Suggestion Too Low

Telit Communications Says DBAY Takeover Price Suggestion Too Low

Telit rejects £259m cash approach from Dbay
7 Dec 2020

Telit rejects £259m cash approach from Dbay

(Sharecast News) - Telit rejected a £259m takeover approach from Dbay Advisors but said it was still in talks with the private equity firm and u-...

LONDON BRIEFING: M&A Provides Market Interest As Brexit Talks Drag On
7 Dec 2020

LONDON BRIEFING: M&A Provides Market Interest As Brexit Talks Drag On

LONDON BRIEFING: M&A Provides Market Interest As Brexit Talks Drag On

IN BRIEF: Largest Telit Shareholder Unveils New Potential Offer
4 Dec 2020

IN BRIEF: Largest Telit Shareholder Unveils New Potential Offer

IN BRIEF: Largest Telit Shareholder Unveils New Potential Offer

IN BRIEF: Telit Communications Ends Talks With Lantronix, Extends Dbay
1 Dec 2020

IN BRIEF: Telit Communications Ends Talks With Lantronix, Extends Dbay

IN BRIEF: Telit Communications Ends Talks With Lantronix, Extends Dbay

UK WINNERS & LOSERS SUMMARY: Sage Shares Slump On Margin Outlook
20 Nov 2020

UK WINNERS & LOSERS SUMMARY: Sage Shares Slump On Margin Outlook

UK WINNERS & LOSERS SUMMARY: Sage Shares Slump On Margin Outlook