TCM.L Share News (TCM)

Shares in location-based software company 1Spatial rose as revenue is expected to be ahead of expectations. The group says that the government's spending review resulted in a delay in the awarding of contracts but normal business has resumed and the "pipeline is looking strong." Interim figures will be published on 22 March. Cosalt Plc has announced that its Cosalt Offshore division, the provider of lifting, tooling and marine services, has been awarded two one-year contracts worth a total of £3m by engineering and construction group Acergy. Cosalt will provide lifting services in the UK and Norwegian sectors of the North Sea.Machine-to-machine wireless technology group Telit Communications expects revenues for the year ended December 2010 to be approximately $132m, 48% ahead of last year's figure of $88.8m. Net debt has fallen from $10.4m to $7.8m at the end of 2010.