The FTSE 100 shed almost 13 points in early trading as Thursday’s general election looms. The polls are narrowing and investors' eyes will be on the exit poll released at around 10pm tomorrow to give the first solid indication of how the election will go.
Plastic product design company RPC’s (RPC) full year results to 31 March failed to convince the market as it shares fall by 2.4% to 829.5p. Highlights include a 77% rise in operating profit and a 95% increase in free cash flow. We'll have more on the story on the site later.
Real estate investment trust Workspace (WKP) final results to March have also spurred its share price up by 2.44% to 861p. This was despite lower pre-tax profit than the prior year which the company attributes to a ‘smaller uplift in property valuation’.
BGEO Group (BGEO), formally Bank of Georgia Holdings enjoys a 2.63% rise in its share price to £36.67 as it releases details of its share buy-back programme.
Footwear retailer Shoe Zone (SHOE) sees its share price drop 6.67% on release of interim results for six months to 1 April. The company’s revenue, statutory profit and earnings per share are all down on a year-on-year basis.
Pipe solutions manufacturer Tricorn (TCN:AIM) sees its share price rocket by 15.8% to 22p after releasing results showing profit is well ahead of market expectations. The company has successfully completed its consolidation of it China operations and has secured more than £10m of business in the US.
Software firm Intercede (IGP:AIM) enjoys a 2.5% lift to its share price after revealing significant contract wins in its preliminary results for the year ended 31 March. Despite a dip in revenues and an increased loss for the year of £3.9m it has increased its cash balances to £6.9m from £5.3m in 2016.
