Plus   Neg

HomeServe Says Trading In Line With Its View; Sees Further Strong Growth In 2020

HomeServe Plc. (HSV.L), in its trading update for the period 1 April to 18 July 2019, said that trading was in line with its guidance. The company continues to expect further strong growth in fiscal year 2020, with increased P&L investment in Home Experts offset by strong performance in Membership, particularly in North America.

The planned increase in investment in Checkatrade is proceeding well, with strong results from recent advertising campaigns in North West England. HomeServe's business remains highly seasonal with trading weighted towards the second half.

HomeServe sees limited opportunities for Membership growth in Italy, so has reached agreement to sell its 49% shareholding in its Italian associate, Assistenza Casa, to its partner Edison.

HomeServe plans to release its interim results for the six months ended 30 September 2019 on 19 November 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
While reporting financial results for the third quarter on Thursday, branded food company Hormel Foods Corp. (HRL) reaffirms its earnings guidance for the full-year 2019, while trimming annual net sales outlook as its navigates near-term uncertainty related to African swine fever. For fiscal 2019,... The U.S. Food and Drug Administration has issued a warning letter to Ningbo Huize Commodity Co., an over-the-counter drug manufacturer, for significant current good manufacturing practice violations, including data integrity issues. The warning letter issued to Ningbo Huize details a failure to have... Crate and Barrel have recalled 1,500 push walkers due to risk of choking and laceration. Crate and Barrel have recalled Activity Push Walkers as those walkers can be damaged over time exposing sharp points and small parts, posing choking and laceration hazards to small children. The wooden recalled...
Follow RTT