Plus   Neg

Howden Joinery Says Trading Stronger Than Anticipated; Lifts FY20 Pre-tax Profit View

Howden Joinery Group Plc (HWDN.L) said that trading has been stronger than anticipated with good profit and cash performance, since the company's announcement on 9 December 2020.

Looking ahead for fiscal year 2020, the company now expects profit before tax to be about 185 million pounds. Previously, the company expected annual profit before tax to be about 10% above the top end of analyst forecasts of 123 million pounds - 152 million pounds.

The company expects to release its 2020 preliminary results, including an update on market conditions, on 25 February 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pfizer has uncovered the counterfeit versions of its Covid-19 vaccine in Mexico and Poland, according to a Wall Street Journal report. The vaccine was developed in partnership with Germany's BioNTech SE. Though there have been several reports of counterfeit versions of the Covid-19 vaccine, this seems to be the first confirmed instance. American Airlines is planning to resume hiring pilots this year to meet a rebound in travel demand in the summer season, reports said citing a company memo. The airline is expected to add 300 pilots by the end of the year and double that in 2022. Verizon Communications Inc. (VZ) reported a profit for the first-quarter that increased 25.4 percent from last year, reflecting growth in wireless service revenue, wireless equipment revenue and total Fios Internet net additions. Quarterly operating revenues rose 4.0 percent from the prior year.
Follow RTT