Main Menu

Poundland falls despite new sales milestone

Poundland sharesPoundland sales broke through £1 billion for the first time and the company said it will open 40 stores in the first half. But shares fell 11p or 3.5% to 300.5p after the discount retailer said first-quarter growth had slowed and first-half trading would be subdued.

Premier Farnell, a distributor of small electronics and parts, dropped 5.5% after saying first-half adjusted operating profit would be marginally below last year.

Online gaming company Playtech said trading was strong, but it fell 0.9% after saying it would raise £250 million through a share placing.

Toy firm Hornby has raised £15 million in a placing, renegotiated debt with Barclays, and will drop down from the Main Market to AIM.

FTSE 100: A strong bounce in miners and a rally in U.S. equities helped the index move higher and off a five-month low. It closed 27.33 points or 0.4% higher at 6,707.88 points after falling to 6,625.16, its lowest since late January.

US equities rose 1.1 to 1.3%, following indications from the US Federal Reserve that the pace of any rate hikes would be slower than expected.

 

 

Share The News Tweet about this on TwitterShare on FacebookShare on Google+Email this to someoneShare on LinkedIn





Leave a Reply

Your email address will not be published. Required fields are marked as *

*