Patisserie, Trakm8 and Cerillion

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“The FTSE100 opened the week in negative territory, taking its cue from markets in Asia while ongoing concerns over UK productivity, economic growth and Brexit continued to weigh on sentiment,” says AJ Bell Investment Director Russ Mould.

“Handmade cake group Patisserie was one of the top risers on AIM after strong full year results. The group opened 20 new stores and many are performing ahead of forecasts. Patisserie has also been buoyed by a surge in its online sales which were up by 26%. The group’s indulgent, affordable treats remain attractive to customers despite a challenging environment. Patisserie’s shares were up by more than 4% in early trading.

“Fleet management specialist Trakm8’s shares surged after interim profits more than doubled. Investors were also encouraged by a bullish outlook for the second half. With a strong range of substantial new contracts in place, the group has visibility to support its second half expectations and the outcome for the full year is less dependent on securing contracts from new customers than in previous years. Trakm8’s shares were up by over 6.1%.

“Billing, charging and customer relationship management software solutions provider Cerillion’s shares rose following a double-digit rise in earnings. Cerillion continues to generate significant revenues from its existing customer base and it has also clinched contracts with a number of major new customers and seen a substantial rise in software revenues. Cerillion’s shares were up by more than 2.9%.”

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