Peak practice: Pinnacle Technology soars on golf contracts

By PETER RANSCOMBE
Published on 17/07/2012 10:20

SHARES in Pinnacle Technology Group rose more than 10 per cent at one stage today after the Stirlingshire-based telecoms firm picked up a trio of golf contracts.

The Aim-quoted company will provide broadband connections at the Alfred Dunhill Championship in Carnoustie, Kingsbarns and St Andrews in October, at August’s Johnny Walker Tournament at Gleneagles and at the Women’s British Open at Royal Liverpool in Hoylake in September.

All three contracts were awarded by IMG Media, which produces and distributes sports programmes. Pinnacle will also have a “small involvement” at the Open, which tees off tomorrow at Royal Lytham & St Annes. Alan Bonner, chief executive at Pinnacle, said: “We have made significant progress since the year-end and continue to view the future with great confidence.”

Shares closed up 0.02p at 0.32p, a rise of 8.5 per cent.