Summary
EACH month Richard Farmiloe, investment manager at Brewin Dolphin's Hanley office, gives his expert opinion on the movers and shakers in The Sentinel Brewin Dolphin index, an indicator of the performance of the region's nine listed companies, compared to the wider London Stock Exchange THE local Index fell almost five per cent during the month, with all constituents' share prices, except Goodwin's, showing a decline. Pochin's was the biggest faller following a trading statement in which the company said that activity in its construction division was slower than expected due to contract delays, and that its concrete operation continues to make losses. However, on a more positive note, April has seen a return of construction to more normal level of operations.
Churchill China issued its preliminary final results. Another strong performance from its hospitality division, which produces ware for hotels, restaurants and pubs, helped offset a decline in the company's other division, retail, which sells products to customers such as supermarkets and chain stores. Churchill China retains a strong balance sheet with no debt and a net cash balance, and the management remains confident in delivering enhanced shareholder value this year and beyond.See the full content of this document
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Debt
The hospitality market in the UK and overseas continues to recover, as evidenced by recent strong results...
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