Hollywood Bowl, Hurricane Energy and Hardide

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“Blue-chips opened the week on the front foot, taking their cue from Asian markets and despite concerns about a widening political split over the progress and direction of Brexit talks,” says AJ Bell Investment Director Russ Mould.

“Tenpin bowling group Hollywood Bowl topped the FTSE All-Share Index in early trading following strong full-year results. The investments the group has made to improve the brand have been well received by customers, resulting in more visits and increased spend per game. The group’s strong balance sheet and cash generative business model allows it to capitalise on a healthy pipeline of new sites and it remains committed to growing its portfolio through selective new openings and acquisitions. Hollywood Bowl’s shares were up by more than 7.8%.

Hurricane Energy was a double-digit riser after an independent report confirmed a substantial increase in the resources. Hurricane is committed to maximising shareholder value and to monetising the vast resource within its portfolio through a farm-out and ultimately a sale to an industry partner. Hurricane’s shares were up by over 12.9% in early trading.

“Advanced surface coating technology provider Hardide’s shares rose after sales increased to a record £3.24m in the year to the end of September, driven by a recovery in demand from the oil and gas markets. This positive trend has continued into the start of the new financial year. Sales to customers in each of Hardide's other key sectors of aerospace, flow control and precision engineering also rose year-on-year. Hardide's shares were up by 2.7%.”

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