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Imagination shares rise as restructuring pays off

Imagination shares rise as restructuring pays off

Chuffed investors sent shares in Imagination Technologies (IMG) up almost a tenth after the microchip designer swung to a first-half adjusted operating profit of £2.9m, compared with a £5.5m loss in last year's first half. The graphics, processing and connectivity specialist benefited from patches of demand, product launches and £28m in annualised cost savings from restructuring.

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