UK's Saietta jumps after strong annual revenue forecast
18/10/2022 12:54
** Shares of British electric motor maker Saietta SED.L
rise 7.9% to 102.5p
** Saietta expects annual revenue to be at least 250% of
previous year urn:newsml:reuters.com:*:nTUC5LX1LY
** SED helped by strong demand for larger, long-term
contracts for higher value product systems, co says
** Adds it has decided to "divert resource away from
pursuing near term lower volume standalone motor sales"
** SED headed for its best day since June 16
(Reporting by Muhammed Husain in Bengaluru)
((Muhammed.Husain@thomsonreuters.com;))