News & Comment
Electronics firm Pressac said trading in its hard-hit markets had improved, as it reported a 2001 pre-tax profit of £7.1 million – before £22 million exceptionals costs – and confirmed that bid talks were continuing with several potential suitors. However chief executive Huw Lewis is about to leave, with a replacement already having been lined up, Ben Cobley reports.
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Electronics and electricals group TT electronics expects a second half recovery in demand from the telecoms sector, after reporting pre-tax profits last year down 27 per cent to £32 million, writes Ben Cobley.
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Automotive sensor developer Transense Technologies has secured another licensing agreement, this time for power steering applications, writes Ben Cobley.
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TT
NO RECOMMENDATION 13/09/2000
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