CML Microsystems PLC - Essex, England-based developer of mixed-signal, radio frequency and microwave semiconductors for communications markets - Issues update ahead of Tuesday’s annual general meeting. Says operating results across the opening four months of the financial year are slightly ahead of the comparable period and are on track to meet market expectations for the year as a whole. ‘We continue to expect an improvement in customer inventory levels to commence during the second half of the financial year,’ company adds. ‘The board is pleased with the underlying progress the business is making and remains excited by the growth opportunities being addressed,’ CML continues.

Current stock price: 302.50 pence

12-month change: down 30%

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