TechMARK movers: Emblaze wins tax case

8th Oct 2010 13:05

Israel-based technology company Emblaze's UK subsidiary has won an appeal against the HMRC. The HMRC had withheld £8.8m of VAT repayments from a former subsidiary of the UK business. Emblaze was awarded costs but the HMRC still has the right to appeal. Emblaze says that after deducting costs and third parties' share that it will receive net cash of $7m. UBS has downgraded accountancy software supplier Sage from neutral to sell. FTSE TechMARK - RisersVernalis (VER) 44.00p +9.73%Emblaze (BLZ) 51.25p +8.47%Psion (PON) 92.00p +3.95%Telecity Group (TCY) 502.50p +3.40%Oxford Biomedica (OXB) 9.30p +2.79%Parity Group (PTY) 10.50p +2.44%KCOM Group (KCOM) 53.00p +2.42%XP Power (XPP) 1,000.00p +2.20%Gresham Computing (GHT) 19.00p +1.97%Innovation Group (TIG) 13.50p +1.42%Dialight (DIA) 455.50p +1.40%FTSE TechMARK - FallersAEA Technology (AAT) 6.60p -10.81%Oxford Instruments (OXIG) 510.00p -6.28%Kewill (KWL) 104.50p -5.84%Sage Group (SGE) 270.30p -4.32%BATM Advanced (BVC) 23.50p -4.04%Ark Therapeutics (AKT) 4.45p -3.37%Phoenix IT Group (PNX) 246.75p -2.70%Biocompatibles International (BII) 361.00p -2.44%Autonomy Corporation (AU.) 1,507.00p -2.33%BT Group (BT.A) 148.40p -2.24%