Vodafone, Enterprise Inns and Haynes Publishing Group

“The FTSE 100 continued yesterday afternoon's revival, tracking upbeat performances on Wall Street and in Asia, with rising commodity prices lending support,” says AJ Bell Investment Director Russ Mould.

“Vodafone’s full-year figures received a vote of confidence from investors after it achieved the first quarter of positive revenue growth in Europe since December 2010. Vodafone has invested £6bn in Project Spring to accelerate the introduction of 4G and while take-up has been rapid there is still plenty of room for growth as only 27% of its European customers are taking a 4G service.

“Pub group Enterprise Inns was another early riser after first half profits rose and it agreed to sell 22 sites – 17 pubs and five convenience stores - in a £20m deal that seeks to crystallise and capture value from its estate.

“Haynes Publishing Group’s shares plunged after it warned that pre-tax profits would be up to 30% below market forecasts. The group has been hit by weak trading in its US and Australian markets and will be cutting jobs to downsize the business and cut costs.”

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