Publishing firm Centaur said it had traded strongly in the four months to the end of October and was on track to meet expectations.
Underlying revenues across the Group were 9% ahead of the same period last year, the firm said.
Underlying print, digital and events revenues were up 2%, 15% and 23% respectively.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Forward bookings in its exhibitions divison were ahead by 17% year-on-year.
Analysts at Altium Securities said they were encouraged by this morning's update and, although mindful of the group's 50% advertising exposure, believe its stock offers attractive value given the substantial growth prospects encompassed in its forecasts.
Altium maintains its Buy recommendation.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
