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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Fashion & brands

Churchill China shares jump as the ceramics firm raises full-year guidance

Hospitality revenue growth beat the firm’s expectations, boosted by further progress in Europe.

Churchill China PLC (LON:CHH) raised its guidance for the year after revenue exceeded expectations in the first half.

The company, which supplies ceramic products to the retail and hospitality markets, said the business continued to "perform well" in the six months to the end of June.

READ: Churchill China remains confident its full-year performance “will be in line with market expectations”

Revenue growth from the hospitality business, which provides ceramic tableware to hotels and restaurants, beat the firm’s expectations on the back of strong progress in Europe.

"We now anticipate trading performance will be ahead of our earlier expectations for the full year," the group said.

Shares rose 11% to 1,670p.

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