Coronavirus impact: 28 Oct – volatility fuels booming returns
An online trading platform featured here has done nicely from the heightened stock market volatility and has also benefited from a further cash windfall. The 7%+ current dividend yield looks appealing but shareholders shouldn't count on this largesse every year
Franchise Brands: reassuring update, but…Multi-brand franchise business Franchise Brands (LON: FRAN) experienced a steady recovery in trading in its 3rd quarter ending 30 September 2020 and is confident of meeting consensus market expectations for the year to 31 December 2020. These are or revenue of £48.6m and adjusted EBITDA of £6.1m. Its B2B division, which comprises Metro Rod, Metro Plumb, Willow Pumps and Kemac and provides a range of national drainage, plumbing services appears to have recovered pretty well, particularly the Metro Rod and Metro Plumb businesses. The smaller B2C brands, which include ChipsAway, Ovenclean and Barking Mad, have recovered…