Dixons Carphone, Zoopla and Avation

“Equities confounded forecasts and opened on the front foot although traders remained focused on the European Central Bank's interest rate announcement later today,” says AJ Bell Investment Director Russ Mould.

“The Brexit vote seems to be having no impact on consumers’ insatiable thirst for the latest electrical gadgets with trading at retail giant Dixons Carphone beating forecasts. Revenues were up by 4% on a like-for-like basis as the group continues to make market share gains. Dixons Carphone has an ambitious programme of development right across the group this year and this is being delivered on plan.

“Property website Zoopla’s full-year earnings are set to be at the top end of forecasts, allaying fears that the Brexit vote might have an adverse impact on its figures. The group has been boosted by a higher number of property listings and growth in its price comparison site.

“Commercial passenger aircraft leasing group Avation marked its 10th year as a public company with record revenues and profits. Avation added nine aircraft to its fleet on a net basis and as each aircraft was acquired or delivered, monthly lease revenue increased. Fleet metrics improved with the weighted average age of the aircraft fleet decreasing from 5.3 to 4.2 years and the weighted average remaining lease term increasing to 6.8 years.”

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