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Dunelm shares jump as sales surge after stores re-open
A look at the major movers on the London market on Wednesday
Dunelm Group plc (LON:DNLM) has lifted its full-year forecasts after sales surged once its stores were allowed to re-open on 12 April.
The homewares retailer said it now expected profits to come in at £148mln, above analyst estimates of £128mln to £134mln.
In the first seven weeks of the fourth quarter, which started on 28 March, total sales soared 59% compared with the equivalent period in 2019.
AJ Bell investment director Russ Mould said: “Dunelm joins a growing list of retailers to say that earnings are better than expected. The reopening of shops follow lockdown appears to have gone very well for a lot of retailers thanks to pent-up demand.
EKF Diagnostics share price jumps as it upgrades forecasts again!
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EKF Diagnostics (LSE: EKF) share price has been a bright spot in an otherwise gloomy market on Wednesday. Broader UK share prices continue to struggle as fears over rocketing inflation fray investor nerves. But EKF has posted strong double-digit gains after the release of fresh trading numbers.
At 74.8p per share, the EKF Diagnostics is currently 10% up from Tuesday’s close. The medical diagnostics giant touched three-week highs of 75.8p earlier in mid-week business.
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Wed, 19th May 2021 19:33
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Young & Co s Brewery PLC - London-based pub operator - Confirms it has appointed Savills PLC over possible sale of Young s tenanted estate. The company confirms that Savills has been appointed and that it is in discussions regarding a possible sale. There can be no certainty, however, that any sale will proceed, company says.
Adnams PLC - pub and brewing firm based in Suffolk - Says current trading environment volatile amid UK hospitality restrictions. The sector faces many headwinds before it can say it is clear of the pandemic and its aftershocks although many commentators are beginning to discuss an expected quick rebound in the economy. It will however, come as no surprise that trading revenues in the first half of the year have continued to be severely restricted and the company has mitigated this