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TT upgrades guidance

A solid first half has fuelled full-year upgrades for the components manufacturer
TT upgrades guidance

Richard Tyson’s bid to transform TT Electronics (TTG) from a serial underperforming distributor of run-of-the-mill components into an efficient, sales savvy manufacturer of "design-led" product solutions continues to impress. Against a strong comparator, revenues grew 12 per cent at constant currencies, buoyed by a big £14.6m contribution from the recent acquisitions of Stadium and Precision.

IC TIP: Hold at 264p

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