TechMARK movers: Innovation recovers

Shares in The Innovation Group are recovering following Tuesday's results. The software and services supplier to the insurance sector has almost completed its restructuring. Loss before tax narrowed to £1.7m for the year ended 30 September 2010 from a loss of £19.8m previously. Revenues during the period rose to £162.1m from £155.9m a year before.Morgan Stanley has downgraded its recommendation for COLT from overweight to equalweight. Smith & Nephew has been hit by profit-taking after yesterday's sharp rise on the back of bid rumours. FTSE TechMARK - RisersOxford Biomedica (OXB) 9.49p +5.33%Cobham (COB) 204.30p +4.02%Innovation Group (TIG) 14.00p +3.70%Parity Group (PTY) 15.25p +3.39%Vernalis (VER) 33.00p +3.12%Vislink (VLK) 23.00p +2.22%Dialight (DIA) 490.00p +2.08%Oxford Instruments (OXIG) 642.00p +2.07%Filtronic (FTC) 38.00p +2.01%ProStrakan Group (PSK) 88.75p +1.72%FTSE TechMARK - FallersCOLT Group SA (COLT) 124.70p -3.26%BATM Advanced Communications Ltd. (BVC) 21.50p -2.27%Vectura Group (VEC) 67.25p -1.82%Smith & Nephew (SN.) 650.00p -1.81%Antisoma (ASM) 5.90p -1.67%Biocompatibles International (BII) 384.50p -0.90%Wolfson Microelectronics (WLF) 282.50p -0.53% Smith & Nephew Team Internet