Coronavirus impact: 4 June - has the stock market boom for Covid-19 testing run its course?
The stock market remained unmoved by positive announcements from several companies, suggesting that much of the good news and more is already factored into their elevated valuations
Dewhurst: challenging outlookDewhurst (LON: DWHT), the aged supplier of components to the lift, keypad and rail industries, which was founded in 1919, announced reasonable results for the 6 months ending 31 March 2020. Revenue increased 1% to £28.2m, profit before tax decreased 3% to £2.5m with earnings per share marginally higher at 20.8p. There was good growth in sales in the Lift and Transportation Divisions offset by a significant reduction in keypad demand. A proportion of the fall in keypad demand was predicted as a result of the model changeover at a key customer, however the downturn was more severe…