CSR climbed 9.2%, after its pre-tax loss narrowed to $52.2 million from $58.3 million, while revenues rose 32% to $244.0 million for the quarter ended 30 December 2011. CSR added that it expects first quarter revenues to be in the range of $205 million to $225 million.
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Dialight surged 10.8%, and emerged as the top gainer in the Cambridge Index. Bango, up 10.1%, announced that 6,250 new ordinary shares of 20p each have been issued and allotted following exercise of employee options.
Among other major gainers, Domino Printing Sciences and Sareum Holdings rose 8.5% and 8.0% respectively. Ubisense Group, up 6.0%, announced that its Tool Location System (TLS) collaboration with Atlas Copco has been adopted by some of the world’s leading automotive manufacturers.
Cyan Holdings remained unchanged at 0.4p. The company announced that it has entered into a strategic partnership with India based Larsen & Toubro, to collaborate in the development, supply and delivery of advanced metering solutions. ANT, up 5.4%, announced that Skyviia Corporation has licensed its Galio HbbTV Platform and core TV applications.
Kier Group dropped 9.9%, and emerged as the largest faller in the Cambridge Index, after it warned that conditions in the U.K construction market would be difficult for the remainder of the year, and it was witnessing greater pressure on its current operating margins. The company, in its interim results for six months ended 31 December 2011, announced that revenues fell to £1030.4 million from £1049.1 million and profit before tax widened to £32.3 million from £29.7 million recorded in the same period a year ago.
Among other decliners, Blinkx, PDX, Phytopharm and Scientific Digital Imaging, fell between 2.5% and 3.8%. ARM Holdings slid 1.7%. The company, together with MediaTek, announced a new MediaTek licence for a broad range of ARM Intellectual Property (IP).
In the UK, the FTSE 100 index closed 0.5% higher at 5,935.1, amid continued optimism over the Greek bailout deal and following a cut in the reserve ratio requirement for large Chinese banks.
On the economic front, consumer spending in the UK rose for the first time in six quarters, while the gross domestic product dropped in the last quarter of 2011 in line with expectations. The FTSE techMARK 100 Index rose 1.1% to 2,297.8, while the FTSE AIM 100 Index added 2.1% to 3,849.1.
US markets closed higher, after better than expected economic data and strong corporate results boosted investor confidence. US Consumer sentiment for February, released on Friday, came in at 75.3, higher than the preliminary reading of 72.5, while home sales climbed 4.3% in January. The Dow Jones Index gained 0.3% to 12,983.0, while the Nasdaq Index rallied 0.4% to 2,963.8.
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