Shares of Transense Technologies leapt as the maker of industrial sensor systems said sales for the first four months of the new financial year surged almost fourfold from the same time last year.
The Oxfordshire based group, which makes tyre pressure monitoring technology, said it has made progress towards commercialisation of the torque flexplate in partnership with General Motors. It is also in advanced discussions with a second major car components manufacturer regarding a further flexplate project.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Is property investment still as safe as houses? Why golden era could be overThe golden era of property is over and investors are better off in the stock market, new research suggests
-
What Santander’s takeover of TSB means for customersSantander is set to buy rival TSB for £2.65 billion. What does it mean for customers, and could we see the TSB brand disappear from the high street?
