Fenner performing well

Fenner's trading in the first quarter has been satisfactory and reflects the progress it has been making in all its businesses, an update ahead of its annual general meeting today says.

Looking ahead it says: "Whilst market conditions remain similar to those reflected in our November statement, we are performing well and gaining traction from market share gains and from our refocusing of the businesses. As a consequence, the board envisages that the group's results for the current financial year will be comfortably above previous expectations."