Vaccine countdown update: 24 Nov - strong recovery potential here
One of the world's leading designers and manufacturers of gift packaging, celebrations and craft products delivered impressive results in the circumstances, although, like another company covered here, adjusting items are a dominant feature and look somewhat questionable.
IQE: better than expectedLeading supplier of advanced wafer products and material solutions IQE (LON: IQE) reassured with its trading update for the financial year ending 31 December 2020. IQE expects revenues for the year to be at least £170m, exceeding the previous guidance of at least £165m, equating to full year revenue growth of over 20%. Adjusted operating profit is expected to be “mid-single-digit £m” which compares to last year’s loss of £4.7m. Following several years of meaningful capital investment (£31.9m in 2019) a reduction in capital expenditure in 2020, means that debt is anticipated to be low-single-digit £m which…