16 April 2014 – trading statement
The group has issued a re-assuring trading statement following its announcement of 11 February when it warned on profits for the year to ending 31 March. Since that update, demand has stabilised and in some instances is starting to show some signs of improvement with the result that second half revenues may be slightly higher than previous guidance. The shares seem unlikely to move ahead of the results’ announcement on 10 June but they remain a LONG TERM BUY.