Xaar confident of full year target

Printing technology group Xaar is confident of achieving its full year expectations despite a slight dip in its operating margin compared to last year. The Cambridge-based firm reported more stable profits and sales that were in line with the board’s expectations during the first quarter of 2014 after a profit spike in the first few months of 2013. Xaar’s share price rose 3.9 per cent on the news, closing at 861.5p yesterday.