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Fudging the numbers!

Fudging the numbers!

Results covered here highlight yet more fairy tale reporting – you have been warned! Elsewhere, there was a positive trading update from a fast-growing online retailer (a rare positive from the sector) and a profit warning from a stock broker, whose high dividend payout may still encourage buyers. (Free to read)

On your Marks!

Marks Electrical Group (AIM:MKS), the fast-growing online electrical retailer, issued a an encouraging trading update which lifted the shares to year highs – that’s quite an achievement for a retailer in the current environment

Revenue in the 4 months to the end of July rose 30.7% to £36.2m with the Group increasing its market share in both Major Domestic Appliances and Consumer Electronics segments.

There were stand-out performances in…

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