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AVEVA Group AVV reports a solid start to the financial year and expects the phasing of revenue in FY 2018 to be broadly similar to the prior year. The full year outlook remains in line with board expectations.
blur Group BLUR announces yet another placing to raise a minimum of £1.5m (before expenses) at 1.75 pence per Ordinary Share.
Dunelm DNLM provides a year end trading update, and says total Q4 revenue rose by 17.7% to £240.0m, with total like-for-like growth (combining LFL stores and Home Delivery) up 3.8%. CEO John Browett said the Worldstores acquisition “will provide a massive leap forward to our online and store offer that we think our customers will love.”
Fenner FENR updates on trading and continues to make strong progress, principally in new product development, augmented by a further increase in the US rig count. Cash flow during the period has remained in line with expectations and, on the basis of the improved outlook, most notably in the medical businesses, the Board anticipates that the Group’s operating profit for the financial year ending 31 August 2017 will be comfortably ahead of its previous expectations, with the added benefit of a reduced interest charge going forward.
Portmeirion PMP says total Group sales are up 16% for the six months ended 30 June 2017 relative to the same period last year, and it continues to expect profit before tax to be in line with market expectations for the full year.
Scholium Group SCHO the rare books and art company reported full year revenues of £6.12m (2016: £6.74m) and an adjusted operating loss of £224k (2016: £24k profit). Although the result was poor, Scholium recorded a turnaround to profitability during H2 once the uncertainty around the UK Referendum lifted. Following cost savings, CEO Jasper Allen said Scholium was now “well-placed to deliver a positive outcome.”
Fenner FENR now expects results for the current year will be comfortably ahead of previous expectations as a result of gains in market share and refocusing of the businesses. These factors have helped to create an improving trend in order intake and a stronger market position in the US. Australia is doing well and results are ahead of last year.
Crawshaw Group CRAW With like for like sales down by 3.8% for the 5 weeks from 29th November to 31st December and like for like customer numbers down by 4.2%, Crawshaw claims that it has continued to build on previous progress, presumably wishing to rely for justification of its claim that total sales and customer numbers for the same period both rose by 13%. At least the figures for the 5 week Christmas period showed an improvement on the previous 4 weeks like for like figures when sales had slumped by 8.1% and customer numbers by 9.7%.
Gear4music G4M enjoyed a strong sales performance in the last 4 months of the year and full year profits are now expected to be ahead of the increase indicated at the half year stage. UK sales rose by 29%, Europe and the rest of the world by by 129% and total sales by 55%. For the year to date growth has totaled 63%.
easyJet EZJ With December traffic figures up by 15.1% easyJet is not allowing itself to be left behind by Ryanair. The rise in load factor at 3.3% was also similar to that of its competitor, although over the rolling 12 month period, load factor did slip slightly by 0.1pp
Sky plc SKY Broker Investec has upgraded its investment rating on Sky plc SKY from reduce to hold and has raised its price target from 800p to 1075p.
Next NXT has suffered from yesterdays results with Citigroup cutting its price target from 4,800p to 4,100p
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