RWS acquisitions translate into growth of profits and cash flow
“Following a strong first half and encouraging performances at the start of H2, we are confident of achieving another record year”
Company
LON:RWS
RWS is a world leader in translation and localization, intellectual property support solutions and life sciences language services. With our global team of linguists, searchers and technical experts, we have built a reputation for quality, reliability and flexibility. Our specialist divisions, which have each developed unique administrative processes and procedures, work together to deliver complex services that meet the diverse needs of a global client base. All of RWS’s activities begin with a total focus on the client.
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“Following a strong first half and encouraging performances at the start of H2, we are confident of achieving another record year”
Investments and investor services
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
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The Day Ahead also brings updates from FTSE 100-listed smoke detector firm Halma and new and used car retailer Motorpoint Group, plus the latest UK jobs data
RWS said it remains "focused on organic growth and the excellent cross-selling opportunities that are on offer through our enhanced service offering, while continuing to review selective potential acquisitions"
The translation and intellectual property firm reported a 43% jump in 2018 profit and expects another record year in 2019
The localisation and translation services provider reported an adjusted pre-tax profit for the year of £61.8mln, up 43% on the year before, while revenues soared 87% to £306mln
RWS said full-year adjusted profit before tax is expected to have “grown strongly” and be slightly ahead of market forecasts
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.
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Aside from the latest trading news from Unilever, the Day Ahead includes updates from blue-chip peer Rentokil Initial and FTSE 250-listed Domino's Pizza
The UK's premier share index closed down 7.97 points, or 0.10% at 7,704
Investments and investor services
One City broker expects CMC to reveal a 22% jump in pre-tax profit in its results tomorrow.
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Aside from a trading update from WH Smith, the Week Ahead will also bring full-year results from the likes of AO World, CMC Markets, Auto Trader, and MITIE Group
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A look back at some of the more interesting from the junior market this week
A look at some of the biggest risers and fallers in London on Tuesday
At today’s annual general meeting, RWS chairman Andrew Brode told shareholders that the current financial year had started well, building on the firm’s record performance in 2017.
Investments and investor services
The index of blue-chip shares ended the day down 0.1% or points at 7,178.01 points after the CPI data
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Day ahead includes trading updates from FTSE 100-listed holidays firm TUI and language support services group RWS Holdings, plus the latest UK inflation numbers
Footsie closed over 20 points higher at 7,348, benefitting as usual from the weaker pound.
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Day Ahead includes first half results from transport operator Stagecoach Group PLC and full year numbers from luxury handbags firm Mulberry PLC