Fashion and home furnishings stalwart Next published full year results this morning which despite only showing a modest uptick in performance still received a warm welcome from the market. A bullish tone when it comes to future consumer demand was however sufficient to light a fire under the share price which has advanced to all time highs as a result. An hour into the day and the stock was around 6% higher.
AIM listed Getech Group had a good start to the day following their publication of a trading and technology update. The company noted that revenues for the first two months of 2024 were 40% ahead of the same period a year ago, with contract wins of £0.9m having been secured. In early trade on Thursday, shares in the company were as much as 27% higher although the upside is proving difficult to sustain.
The company behind the Pollen Street Capital Private Equity label issued its annual accounts and report this morning, too. Assets under Management are up by almost a third, whilst fund management income rose by a similar amount. Dividends have been increased by around 6% and a £30m share buyback – accounting for around 5% of the company – was also announced. In early trade the stock was sitting around 10% higher.
Headlines we expect to see on Friday
Smiths Group Interim Results
This time last year H1FY23 Revenue £1.5bn, Operating profit £241m, ROCE 15.2%
JD Wetherspoon Interim Results
This time last year H1FY23 Revenue £916m, Operating profit £37.4m, Total assets £1.96bn
