Avesco's full year results to be ahead of expectations due to Olympics

Shares in corporate presentation, entertainment and broadcast service provider Avesco soared 15% on Thursday as it reported full year results will be well ahead of market expectations.

The AIM-listed company said its summer trading had been strong, particularly the creative technology division in London which benefited from the Rio Olympics as it provided equipment and services to many of the ceremonies and events.

London also provided services during the Paralympics due to start on 7 September.

The US branch of the creative technology division is also continuing to grow revenue.

The company said that it anticipates that results for the year ended 30 September “will be comfortably ahead of their previous expectations”.

Shares in Avesco were up 15.04% to 260p at 1443 BST.