ITG on target to meet forecasts

Technology group ITG has said it is in line to meet market forecasts for the year to the end of April

Technology group ITG has said it is in line to meet market forecasts for the year to the end of April. In a pre-close period statement, ITG did not indicate its likely level of profits but analysts are forecasting pre-tax profit of around #8.8 million and earnings per share of around 10 cents.

ITG has written down its investment in Meridian Communications by an undisclosed amount.