UK's James Halstead rises on optimistic FY forecast
01/12/2023 08:51
** Shares of flooring company James Halstead JHD.L up 6.8% at
211.5p; among top pct gainers across London stocks
** Co says it is confident in achieving FY market
expectations of improved profits
** Adds it is confident in exceeding HY comparatives and
extend track record of raising dividends
** "Cash levels are also materially ahead of prior year
comparatives for the five months" - co
** In the first five months of trading, seeing improved
output and profits materially ahead of comparatives - co
** Says it will approve final dividend of 5.75p per ordinary
share on Friday
** Including session gains, JHD up 12.5% YTD
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com;))