4 August 2014 – trading update
The group has issued a trading update covering the period to 31 July which has confirmed that trading has been in line with expectations, with a particularly good performance coming from the UK where sales were up by 10% in the first half compared to last year. The company’s manufacturing operations performed well and the group remains confident about the outlook for the year. The shares have performed well over the last few months and no longer look cheap and we therefore reduce our recommendation to TAKE PROFITS.