2 September 2013 – trading update
The company has announced a trading update ahead of interim results for the six months ended 31 August being released next month. Trading since the Annual General Meeting on 25 July, when the last trading update was released, has been strong and the company is confident of further progress during the remainder of the year. This is clearly very welcome news and the business is very much on the front foot. However, the share price is up with events and at this level we move to a HOLD recommendation.