Toys, tipples and rents

The FTSE 100 index pushed higher in response to improving oil prices, positive overnight trading sessions on Wall Street and in Asia and the prospect of further ECB stimulus measures.

“Toy group Character’s (LSE:CCT) shares were up in early trading following solid Christmas sales with its familiar favourites such as Scooby Doo, Peppa Pig and Fireman Sam continuing to appeal to youngsters,” says AJ Bell Investment Director Russ Mould.

“Early reaction to the group’s new season range, which includes the iconic Teletubbies characters, has been encouraging and investors share the group’s confidence about demand in both the UK and international markets.

“Drinks group Distil’s (LSE:DIS) shares jumped in early trading on higher sales over the Christmas period. Third quarter revenues were up 71% as the group continues to build brand awareness. Distil is confident about the fourth quarter and expects the full year to be in line with forecasts. .

“Office space provider Workspace’s (LSE:WKP) like-for-like rent roll rose by 11.1% in the nine months to the end of December. It continues to see strong levels of demand and inquiry and letting activity has picked up significantly since the New Year.”

Friday 22 January 2016

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