Xaar loses over seven per cent as results disappoint despite board optimism
Cambridge inkjet innovator Xaar plc saw its share price dip more than seven per cent, dangerously close to its 52-week low, after losing revenue in the year to December 31. Investment bank Panmure Gordon felt Xaar was in a sound position for the year ahead and reiterated its target buy price of 190p a share compared to the 101p it stood at after the results were posted on Tuesday.
Source: businessweekly.co.uk