Financial News

LONDON (ShareCast) - Shares in CML Microsystems (LSE: CML.L - news) dropped sharply after the integrated circuits designer ditched its dividend.

Pre-tax losses widened to £2.1m in the year to 31 March 2009 from £1.7m the year before on revenues that slipped to £16.1m from £17.1m.

IT firm Triad (LSE: TRD.L - news) narrowed full-year losses but said the new financial year remains challenging.

Pre-tax losses came to £40,000 in the year ended 31 March compared with a loss of £698,000 last time. Revenue decreased slightly to £32.8m from £33.3m previously.

"Uncertainty in market conditions continues to impact client spending plans and, consequently, the group's sales pipeline, resulting in lower visibility," said chief executive Ian Haynes.

"However, the group is well positioned in existing markets, which together with encouraging developments in the suite of Zubed services, and careful management of the group's cost base, enables the group to be in a good position to meet the challenges that lie ahead," he added.

FTSE TechMARK - Fallers Inion (IIN) 0.30p -40.00% CML Microsystems (CML) 30.00p -30.23% Corin Group (LSE: CRG.L - news) (CRG) 58.50p -5.65% AEA Technology (LSE: AAT.L - news) (AAT) 24.00p -4.95% Kewill (KWL) 76.00p -3.80% Vernalis (LSE: VER.L - news) (VER) 73.00p -3.63% Innovation Group (LSE: TIG.L - news) (TIG) 10.50p -2.33% Filtronic (LSE: FTC.L - news) (FTC) 32.00p -2.29% BATM Advanced (BVC) 32.75p -2.24% Phoenix IT Group (LSE: PNX.L - news) (PNX) 216.00p -1.82%

FTSE TechMARK - Risers Total Systems (LSE: TTS.L - news) (TTS) 32.50p +6.56% Triad Group (TRD) 33.50p +6.35% KCOM Group (LSE: KCOM.L - news) (KCOM) 27.50p +3.77% Puricore (PURI) 14.25p +3.64% Emblaze (LSE: BLZ.L - news) (BLZ) 37.00p +3.50% ProStrakan (PSK (A031980.KQ - news) ) 91.50p +3.39% Trafficmaster (TFC) 31.75p +2.42% Kofax (KFX) 144.25p +1.94% Skyepharma (LSE: SKP.L - news) (SKP) 132.00p +1.93% Renovo Group (LSE: RNVO.L - news) (RNVO) 28.00p +1.82%