Picking up the Pace of recovery

Pace, the Yorkshire-based maker of TV set-top boxes, appears to have made a plausible case for recovery after a year blighted by supply chain problems and a management clear out.

Pace, the Yorkshire-based maker of TV set-top boxes, appears to have made a plausible case for recovery after a year blighted by supply chain problems and a management clear out.

The stock had risen 11% by 10:16 despite the firm revealing a significant drop in organic revenues and profit before tax in 2011.

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