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Norcros PLC - kitchen and bathroom products supplier - Revenue more than doubles year-on-year in the 13 weeks to July 4, driven by strength of the UK and South Africa home improvement markets. On a constant currency basis, revenue increases 22% from two years ago. Chief Executive Nick Kelsall warns that "a normalisation of consumer spending patterns and continued supply chain and Covid-19 disruption mean that market conditions are likely to remain uncertain".
Shareholders vote 30% against the directors' remuneration report at the annual general meeting. Norcros says it is disappointed, and it will engage with shareholders, before publishing an update within six months.
Current stock price: 306.00 pence, up 6.3% on Wednesday
Year-to-date change: up 52%
By Ivan Edwards; ivanedwards@alliancenews.com
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