Pace gathers £34m as HDTV boom continues
Tuesday 28 July 2009
Pace, the electronics group that makes high definition set-top boxes for pay- television companies including BSkyB, saw its pre-tax profits more than triple in the first half of this year.
Neil Gaydon, chief executive, said Pace was "taking full advantage of the growing global demand for our products and technologies in digital pay-TV markets" as he announced profits of £34.3m for the six months to 30 June. Revenues rose from £231.1m in the first half of 2008 to £526.5m this year. Mr Gaydon said: "We expect our strong performance to continue during the second half." He added that Pace had won more business with Sky to provide high-definition technology in Germany and Austria. Dan Ridsdale, an analyst at Singer Capital Markets, said the cost savings, outlook and inventory levels suggested Pace could beat management's full-year expectations, while Jonathan Imlah, of Altium Securities, said: "The group continues to win market share from key rivals."
Sales of the tablet are set to fall again say analysts
World's most lethal spider found under a bunch of bananas
British supermodel and hitmaker join forces to launch a 'huge song'
I Am Bread could actually a challenging and nuanced title
Rumours that the star wants to move on to pastures new
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
- 3 Star Wars memorabilia called a 'bit of plastic' on Antiques Roadshow by Fiona Bruce valued at £50,000
- 4 Meet Thea, Norway's 12-year-old child bride
- 5 Russell Brand might seem like a sexy revolutionary worth getting behind, but he will only fail his fans
Kobani: Fifteen-year-old boy taken captive with suspected jihadist 'shot in the head by militant group' fighting against Isis
Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
Isis fighters 'crucify' 17-year-old boy in Syria
Oscar Pistorius sentencing: Olympic star must serve 10 years, prosecutor urges
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
iJobs Money & Business
£18 - 23k + Benefits: Guru Careers: We are seeking a Customer Service Executiv...
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...