Dixons Carphone, Brammer and Circle

“Blue-chips opened in plus territory adding to yesterday's solid gains as traders followed the positive progress made in the US and Asia overnight,” says AJ Bell Investment Director Russ Mould.

Dixons Carphone is bullish its about prospects following the Brexit vote while underlining the importance of the UK continuing to have access to the European single market. The group saw continued strong momentum in the year to the end of April with headline profit before tax up over 17% and expects to find opportunities for additional growth following the referendum result.

Brammer’s shares plunged after it issued a profit warning following a sustained slowdown in sales. The industrial maintenance, repair and overhaul products distributor has also confirmed that the board is considering whether it will be appropriate to pay an interim dividend. Brammer’s woes began in May when sales per working day fell by 3% year-on-year with a weak performance in the UK and sluggish trading in Europe. This weakness has continued into June and underlying margins are also down on a year ago.

Circle Holdings was an early riser after signing a 20-year management agreement with a Chinese investor group to develop and operate a state-of-the-art medical facility in Shanghai. The facility will be positioned as a premium brand within the market and offer a range of primary care, diagnostic and treatment services. The project is considered the first of an anticipated future roll-out of further facilities across major cities in China.

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