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Brady trading in line as sales pipeline builds

"We are delighted to report that trading to the end of April 2019 is in line with management's expectations"

Ian Jenks, chairman of Brady
Ian Jenks, the chairman, hailed the impact of recent board appointments

Brady PLC (LON:BRY) shares edged higher on Thursday as the provider of trading and risk management solutions to the energy and commodities sectors said it has traded in line with expectations this year.

In a statement issued ahead of its annual general meeting today, Ian Jenks, Brady's chairman, said the company had made substantial progress in the first four month of the year.

READ Brady moves back into profit

“Under the leadership of our new chief executive, Carmen Carey, our new sales pipeline is building, and I look forward to providing a further update in the interim results, which we expect to be released in September,” Jenks’s said in the AGM statement.

“In March 2019 we strengthened our board with the non-executive appointments of Dan Look (former head of the commodity and energy trading consulting group at Baringa) and Iain Greig (former CTO of LME Clear). Their market and technical expertise, together with their enthusiasm is already starting to have a positive effect within the company," the chairman added.

In late morning trading, shares in Brady were 0.4% higher at 58p.

 -- Adds share price --

Quick facts: Brady PLC

Price: 10.6 GBX

AIM:BRY
Market: AIM
Market Cap: £8.29 m
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