H.R. Owen trading ahead of expectations

Shares in luxury auto dealership H.R. Owen climbed higher on Tuesday, after the company reported the continuation of the 'encouraging' performance seen in the first half into the second.

Shares in luxury auto dealership H.R. Owen climbed higher on Tuesday, after the company reported the continuation of the 'encouraging' performance seen in the first half into the second.

The firm is consequently trading ahead of its own expectations and it now expects that the full year profit at the trading level will be ahead of current market expectations.

"We continue to enjoy a strong balance sheet with positive cash balances ahead of budget," the company commented.

Shares rose 11.2% to 6950p by afternoon trading.

NR

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