Torex retail warns of contract twist

Software group Torex Retail suspended its shares today just a week after issuing an update boasting of “significant” new business wins.

Torex retail warns of contract twist
Fri, 26 Jan, 2007 - 16:27

Software group Torex Retail suspended its shares today just a week after issuing an update boasting of “significant” new business wins.

The Oxfordshire-based group warned investors that deferrals in certain contracts from 2006 to 2007 would see its annual results fall “significantly below market expectations”.

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