Grafton expects profits to beat forecasts after bumper March and April
A look at the major movers on the London market on Wednesday
Grafton Group PLC (LON:GFTU) expects full year profits to significantly beat forecasts after a bumper performance in March and April.
The building materials distributor and DIY firm - known for its Selco brand - said revenues between January and 18 April rose 32.9% to £846.8mln with growth in the latest two months ahead of forecasts.
It was helped by the fact that all its distribution, retail and manufacturing branches continued to trade as essential suppliers.
So it expects operating profit for the year to be 15% to 20% higher than concensus forecasts of £206mln, also helped by higher property profits. As it heads into the key trading periods of May and June, it cautioned that the outlook for the second half depended on consumer spending patterns returning to normal.
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Grafton Group PLC expects profits to beat forecasts after bumper March and April
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AV-Comparatives releases Summary Report of 2020 Consumer Main-Test Series
January 26, 2021 GMT
INNSBRUCK, Austria, Jan. 26, 2021 /PRNewswire/ Austrian antivirus testing lab AV-Comparatives has released its annual Summary Report for consumer security products. This includes results of all the individual tests carried out during 2020, a user-interface review for all 17 tested products, and awards given to individual programs in various categories.
All tested products received the test lab’s Approved Security Product Award. This is given to all products that demonstrated they can provide competent protection against a wide variety of threats, without unduly affecting the computer’s performance. The award is a certification of an effective and reliable product.
Bronze: Avast, AVG
As usual, the Summary Report includes a user-interface review of all the tested products. This provides a description of what each program is like to use in everyday scenarios. Topics covered include installation, security alerts, scan options, quarantine, logs, access control, and (where applicable) firewall. We congratulate all participants, who have consistently shown very good results throughout the year! , says Andreas Clementi, co-founder of AV-Comparatives. Each test shows the strength of the various products in that category. To be at the top overall, a product must be top-ranked in most categories. We are happy that all participants protected and performed very well.