No sign of demand weakness for lighting group
Lighting manufacturer Luceco (LUCE) says it has not seen any signs of demand weakness despite many retailers warning of a slowdown in consumer spending. It says any reduction in end-user demand would start to show in its orders three months later.
First half UK trading was better than expected, helping to offset a temporary setback in the Middle East. It expects to return to growth in the latter territory by year end.
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