Ceramics concerns | Debt mountains | Creative challenges
News covered here includes results from two well-established AIM companies manufacturing ceramics, although each addresses a different market with differing success. Elsewhere, we were puzzled by the positive share price move for a heavily indebted floorcoverings group and there appears to be considerably less risk in a lowly rated wealth manager. Read on here for this and other news.
Focusrite encourages Focusrite (AIM: TUNE), the global music and audio products group supplying hardware and software used by audio professionals and musicians, updated on trading for the year ended 31 August 2023. Despite challenging markets, particularly in Asia, the Group is still showing material growth over pre pandemic levels and has retained its strong market share, supported by 28 product introductions, most notably a new generation of Scarlett, the market leading range of Focusrite audio interfaces, which launched on 31 August 2023. Group revenue for the financial year ending August 2023 is now expected to be not less than £177m…