Music to our ears
One of our AIM favourites covered here announced fabulous results, delivering huge growth in revenue and profits. A new acquisition adds yet more excellent products to its expanding offering in a key region. Find out more about this and other fascinating AIM companies in our update here.
Jet2: ready to fly Jet2 (LON:JET2), the Leisure Travel group formerly known as Dart Group, encouraged with its year end trading update, although it’s tough to be excessively positive when most of your key assets are sitting idle. The adjusted loss for the financial year ended 31 March 2021 is now expected to be £375m - £385m, compared to the prior year’s profit of £264.2m. Despite that mammoth hit to profits, total cash of £1,379m and "Own Cash" (excluding advance customer deposits) of £1,062m (2020: £520m) at the period end means the business looks far more secure than many. Management…