UK's NWF Group gains on upbeat Q1 trading update

NWF

28/09/2023 10:01

** Shares of NWF Group Plc  NWF.L  rise as much as 2.8% to
220p
    ** Specialist distributor of fuels, food and feeds across UK
says overall trading in first quarter, typically the quietest
period of the year, in line with its expectations
    ** Co says volumes increased y-o-y in fuels business, while
foods division saw loading and associated backhaul activity
higher than prior year 
    ** NWF is "well positioned" now, given its strong balance
sheet and resilient end markets - Peel Hunt analysts 
    ** Currently stock at session high, trimming YTD losses to
~12%

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))