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LONDON (Alliance News) - Torotrak PLC Tuesday said Chief Executive Officer Jeremy Deering exercised options over 175,493 shares under the company's Long Term Performance Share Plan Monday. Following this transaction, Deering is interested in 1.1 million shares, representing approximately 0.
Read moreLONDON (Alliance News) - Torotrak PLC said Monday said its on track to trial its new Flybrid M-KERS fuel-saving technology in buses in the second quarter of the year. KERS is a fuel saving technology that the company acquired when it bought Flybrid Automotive Ltd in January. The company is
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- Posts half-year loss - Revenue for the period slumps - Well positioned for future opportunities Gearbox designer Torotrak posted an operating loss for the six months to end of September after it received fewer licensing revenues. The Lancashire-based group, which develops fuel-efficient gearbox
Read moreTorotrack, which manufactures transmission systems for vehicles, reported a 74 per cent rise in annual revenue to 7.5m pounds. Profit after tax for the year ended March 31st 2013 came to £0.03m, compared to a loss of £1.6m a year earlier. New Chief Executive Officer (CEO), Jeremy Deering, said the
Read moreTransport engineering company Torotrak has concluded negotiations with Allison Transmission under which Allison will pay six million pounds for continued exclusivity to manufacture and sell Torotrak main drive transmissions in commercial vehicle market segments. Torotrak reported that the exclusivi
Read moreShares in Torotrak jumped by 5.16 per cent shortly after the company announced a joint manufacturing initiative with Tata Steel, Mira and Productiv. The UK government will be funding the project, which Torotrak will be entering into alongside key players in the low-carbon technology market. The pa
Read moreLeyland-based Torotrak, which makes energy conserving vehicle transission systems has acquired the business and assets of Motorsport Components, giving the group high-precision manufacturing capability for components that do not require advanced surface enginereeing. In an interim management state
Read moreThe Chief Executive Officer of Diageo, the FTSE 100 drinks giant, has sold another slice of his stake in the company, reducing his holding to 729,582 shares. Paul Walsh, who was appointed to the role of CEO in 2000, traded in 20,000 shares for 1,850.00p each, worth a total of £370,000. The trans
Read moreTorotrak, which makes energy conserving vehicle transmission systems, is saying goodbye to its long serving Chief Executive, Dick Elsy. Elsy, who has run the firm for 10 years has been appointed as the Chief Executive of a government initiative known as the "High Value Manufacturing Catapult". He
Read moreEngineering group GKN provided a boost to the automobiles and parts sector on Thursday after firm announced that it had agreed to acquire Volvo Aero. The group raised £140m this afternoon after completing a placing of 70m shares, with the funds going towards the £633m purchase of the aero engine di
Read moreTorotrak, the transmissions systems developer for the automobile industry, has announced a sharp drop in revenue but reduced its losses. Revenue in the 12 months to the end of March was £4.3m, compared to £5.1m in the previous year. The loss after tax reduced from £3.1m in 2010/2011 to £1.6m while
Read moreColin Day, a non-executive director at AMEC, has doubled his holding in the FTSE 100-listed engineering and project management company. He bought 10,000 shares at 1,140p a time, paying a total of £114,000 and taking his holding to 20,000. Day, who joined the board of Amec last year, is the chief
Read moreThe chairman and chief executive of Russia-focused FTSE 250 miner Petropavlovsk each topped up their stakes in the firm after VMHY Holdings - a company in which they together have a 50% holding - bought shares. As a result of the transaction, they each received 105,000 ordinary shares (representing
Read moreShares in gearbox designer Torotrak plunged as it swung into a pre-tax loss for the year after reduced sales and restructuring costs. The group posted a pre-tax loss of £3.1m for the year ended 31 March compared to a pre-tax profit of £0.4m the same time a year earlier. Revenue fell to £5.1m during
Read moreVehicle transmission group Torotrak saw shares climb 17% after signing an £8m licensing and engineering agreement with US-based peer and shareholder Allison Transmission. "This supports the immediate start of a production intent design as part of Allison's multi stage programme, supported by Torotr
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