Dunelm 1st Half Profit Rises on Pandemic-Boosted Revenue; Redrow Reinstates Dividend

DUNELM GROUP PLC on Wednesday reported a jump in pretax profit for the first half of fiscal 2021 on higher revenue during the coronavirus pandemic.

Shares at 1140 GMT were up 65 pence, or 5.2%, at 1,326.0 pence.

REDROW PLC said that pretax profit and revenue both rose in the first half of fiscal 2021, and it reintroduced dividends.

Shares were down 11.5 pence, or 2%, at 560.0 pence having peaked at 589.5 pence earlier in the session.

88 ENERGY LTD. said that it is seeking to raise up to 12 million Australian dollars ($9.3 million) via a share issue, and that Managing Director David Wall is resigning.

Shares in London were down 0.09 pence, or 16%, at 0.47 pence.

ASHMORE GROUP PLC has reported a rise in assets under management and pretax profit for the first half of fiscal 2021 and said its performance showed early stages of recovery.

Shares were up 4.2 pence, or 0.9%, at 483.8 pence.

SAFESTYLE UK PLC said it expects the coronavirus pandemic to cause an underlying pretax loss of 4.7 million pounds ($6.5 million) for 2020 on lower revenue, despite progress in the second half of the year.

Shares were down 1.45 pence, or 3.5%, at 40.0 pence.

SDI GROUP PLC said that it anticipates revenue and adjusted pretax profit to beat expectations for both fiscal 2021 and fiscal 2022 thanks to coronavirus-related contracts and despite the pandemic hurting most other areas of the business.

Shares were up 33.0 pence, or 27%, at 153.5 pence.

FTSE Small-Cap down 0.01%

AIM down 0.05%

Write to Ian Walker, Matteo Castia, Joe Hoppe, Sabela Ojea and Jaime Llinares Taboada at [e-mail]

(END) Dow Jones Newswires

February 10, 2021 07:14 ET (12:14 GMT)

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