Aukett Swanke, Iofina and Gooch & Housego

“Robust oil prices and a relaxed stance from US Federal Reserve chairman Janet Yellen concerning interest rates kept the main markets in positive territory, despite a slump in metal prices,” says AJ Bell Investment Director Russ Mould.

“Architect group Aukett Swanke has put flesh on to the bones of Remain’s rhetoric over whether leaving the EU will harm the UK economy. The group’s first half profits have almost halved due to a slowdown in instructions on existing projects as the market pauses for the outcome of the referendum. Worryingly for investors, it is likely that the impact of the referendum will be felt in the group’s full year results. Aukett Swanke’s shares were down 18% in lunchtime trading.

“Iodine producer Iofina’s finances look a lot brighter following the restructuring of its $20m debt at lower interest rates and an additional $10m line of credit. This will give Iofina flexibility for its operations and expansion plans. Iofina’s shares were up by more than 10%.

“Gooch & Housego saw a steady recovery in the second quarter and is well-positioned to benefit from improving market conditions. The specialist manufacturer of optical components and systems’ first half adjusted pre-tax profits were down on a year ago but the group has the capacity to respond to increasing demand and remains on track to hit full year forecasts.”

These articles are for information purposes only and are not a personal recommendation or advice.