Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Threads expert Coats impresses on margins and profit guidance
Shares in industrial threads manufacturer Coats (COA) jumped by more than 12% to 84p on 27 February after reporting a solid set of full year results.
Operating margins improved from 10.8% to 11.5% thanks to higher selling prices, productivity and procurement gains, and tight cost control.
Coats also rewarded shareholders with a 15% dividend hike to 1.44c per share. It expects 2018 adjusted operating profits to be slightly ahead of previous management expectations. (DC)