Specialised technical products and services provider Diploma expects results for the year to the end of September will be in line with market consensus.
Revenues are tipped to be around 13% ahead of the previous year, with underlying revenues advancing by some 6%.
Fourth quarter revenues are set to be 5% higher year-on-year, maintaining the pace of growth seen in the third quarter. Strong cash flows in the final quarter of the year will result in year end net cash being strongly positive, Diploma said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Operating margins have eased in the second half of the financial year from the first half, but are still ahead of the prior year,
Pension withdrawals on the rise, HMRC data reveals
Pension withdrawal data has led to some raising concerns over savers ‘raiding’ their pensions unsustainably.
By John Fitzsimons Published
ONS: UK economy recovered from pandemic faster than previously thought
Revisions from the ONS showed the UK economy has grown since the pandemic, while the latest data showed GDP grew in the second quarter of 2023.
By Nicole García Mérida Published