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Wednesday 25 November 2015
London's headline index got off to a sprightly start ahead of Chancellor George Osborne’s Autumn Statement.
“Holiday group Thomas Cook (LSE:TCG) wooed investors with a return to profit and the expectation of a dividend for the 2016 financial year in early 2017,” says AJ Bell Investment Director Russ Mould.
“The group is bullish about its 2016 figures after strong demand for winter holidays and despite having to cancel part of its programme following the downing of a Russian passenger plane from Egypt. Thomas Cook is confident its emphasis on customer care will be a key advantage during a time of geopolitical uncertainty.
“Soft drinks group Britvic’s (LSE:BVIC) pre-tax profits were up despite a slight fall in revenues and the group’s new financial year has got off to a slow start reflecting continued challenging market conditions. Britvic, though, remains confident its marketing and innovation plans will result in increased profitability in 2016.
“Betfair (LSE:BET) has hiked its interim dividend by 67% after first half revenues increased by 15% against a strong comparative period which included the football World Cup. Mobile remains the key growth driver across all products and now represents 76% of the Sportsbook revenues.”
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