TechMARK movers: Ricardo recovers yesterday's losses

20th Nov 2009 15:23

Engineering consultancy Ricardo has more than made up yesterday's decline in the share price. Ricardo warned that trading conditions were not improving and that its interim trading would be substantially down on the same time in the previous year. There has been a poor start to the year in the US. Management is more hopeful of German orders and China and Russia remain active. The order book was worth just over £100m at the end of October 2009. This makes management believe that second half trading will be better. Shares in IT firm Triad fell after it announced the appointment of Nick Burrows as its new finance director. He has worked at Triad since 2001 and became company secretary in 2008. There has not been a finance director on the Triad board for a number of years. Former chief executive Mira Makar undertook the role until she left in 2005. Back in August Triad reported that trading remains tough and market conditions are uncertain. The cost base is being cut. Chairman John Rigg said that the company is trading within its bank facilities. FTSE TechMARK - RisersPsion (PON) 100.00p +4.71%Ricardo Group (RCDO) 252.00p +3.70%Telecity Group (TCY) 344.20p +3.52%Skyepharma (SKP) 98.00p +3.16%XP Power (XPP) 383.50p +3.09%Alphameric (ALM) 31.50p +2.44%Trafficmaster (TFC) 31.50p +2.44%KCOM Group (KCOM) 42.25p +2.42%NCC Group (NCC) 404.75p +2.34%Cable & Wireless (CW.) 137.80p +1.62%FTSE TechMARK - FallersComputacenter (CCC) 251.00p -5.53%Domino Printing (DNO) 279.00p -4.02%Oxford Biomedica (OXB) 12.75p -3.77%Triad Group (TRD) 40.00p -3.61%AEA Technology (AAT) 27.00p -3.57%Anite Group (AIE) 34.00p -3.55%Parity Group (PTY) 16.00p -3.03%Phytopharm (PYM) 16.50p -2.94%NXT (NTX) 16.75p -2.90%Intec Telecom (ITL) 106.50p -2.74%