STOCKS NEWS UK SMALL-Filtronic up on H2 outlook

Wed Jun 10, 2009 4:47am EDT
 
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STOCKS NEWS Reuters Results diary

Europe [STXNEWS/EU] Real-time Equity News [E] [GB/EQUITY]

UK [STXNEWS/UK] Stocks on the move [HOT-RTRS]

UK smallcaps [STX/UKSC]

08:45GMT 10Jun2009-Filtronic up on H2 outlook

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Shares in Filtronic Plc (FTC.L) rise as much as 5 percent as the telecoms technology firm expects a better-than-breakeven result for its second half.

Panmure Gordon analyst Nick James says: "Filtronic has achieved a small operating profit in the second half despite a suppressed demand environment."

"As its existing markets continue to stabilise and it begins to address adjacent markets, its prospects look strong."

For more click on [ID:nBNG430855]; company statement [ID:nRnsJ6399T]

Reuters messaging rm://purwa.naveen.reuters.com@reuters.net

08:36GMT 10Jun2009-Intelligent Environments rises on update

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Shares in Intelligent Environments (IEN.L) rise 12.5 percent to 10.75 pence as the online software company reports robust trading and a number of contract wins in its AGM statement.

"Visibility of earnings is crucial in these uncertain times and Intelligent Environments has a robust business model that delivers significant amounts of recurring income," says FinnCap analyst Paul Cornelius in a note to clients.  Continued...

 

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