Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. New contract win maintains pace at Cerillion
Cerillion LON:CER published interim results this morning with revenues up 10%, adjusted pre-tax profits 14% ahead and shareholders benefitting from a 21% increase in dividends. Alongside this the company also announced it had received an $11.1m contract from a South African connectivity solutions provider along with a series of additional operational highlights. Management are confident that they will meet market forecasts for the full year.
- UK Stock Market News: Just Group, Empyrean Energy, MediaZest
- Small Cap Stocks: Guardian Metal, MediaZest, Enwell
- Cerillion breaks records: revenue, profit soar
#2. Diploma shareholders benefit from dividend uptick
Distribution business Diploma LON:DPLM has half year results out today, with revenues up 10%, adjusted operating profits up 14% and a 5% increase in the interim dividend. Full year guidance has now been upgraded supported by the ongoing organic and acquisition-led growth plans.
#3. MediaZest trading update gives investors cause for cheer
There’s a trading update out from MediaZest LON:MDZ this morning noting upbeat momentum and a series of contract wins, with new orders representing an additional £350k of revenues. Contract wins are being seen both in the UK and continental Europe and the company adds that further negotiations are in progress. Half year financials are expected to be published at the end of next month.
