Wed, 29th Jun 2016 12:22
(ShareCast News) - Brammer posted a 19.4% drop in first-half pre-tax profit, dented by a weak euro, although the company said it remains on track to deliver on its full-year expectations. Pre-tax profit for the six months ended 30 June fell 19.4% to £14.1m from £17.5m, while sales were just a touch
Read more** UK-listed small caps Brammer & Latchways would both benefit greatly from an economic recovery in Europe, says Matthew Tillett, who runs the Allianz UK Unconstrained fund ** Brammer's £426 mln mkt cap belies fact it is biggest distributor in Europe of industrial maintenance & repair pro
Read moreShares in Brammer plunged over 10% on Friday, after the industrial maintenance products distributor warned first half profits will be lower. The London-listed group said it expected revenue for the first six months of 2015 to be higher than in the corresponding period last year, but profits will be
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