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Smith & Nephew Expects Full Year at Lower End Of Guidance

Smith & Nephew SN does not have much to say for itself in its third quarter update except that after a rise in revenue of only 3%, the outlook for the full year is that it will now be at the lower end of  guidance range.

TP ICAP plc TCAP admits that it is not looking forward to quarter four’s revenue figures as trading conditions are expected to remain challenging after quarter 3 produced only modest growth of 3% compared to the first nine months of the year produced 9% growth. The Chief Financial officer is leaving the Board immediately with out waiting for a successor to be found. A temporary successor has been appointed although the present occupant has agreed to stay until the end of year  if only to help with a smooth transition.

H&T Group HAT The strong trading performance seen in the first half has been maintained in the second half and full year profit before tax will be above market expectations.

Northamber NAR The Chairman’ optimism over positive and worthwhile progress at the time of the interim results in March, has evaporated  after revenue for the full year suffered what is described as a “slight’ loss of over 10%. However, the second half decline was not as severe as that in the first half and the pre tax loss for the full year has decreased substantially from £1,2330,000 to £999,000.

Croma Sec. Sol. Grp. CSSG Trading in the current financial year is appreciably ahead of last year with revenue growth of 15.9%. EBITDA is up by 35% and earnings per share stand at 2.13p

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