Avon Rubber shares bounce on contract win

Shares in Avon Rubber bounced more than 3% higher after winning a contract to supply about 37,000 of its FM50 respirators together with a range of related spares and accessories to an unnamed customer.

The company said it expected to fulfil the order during the first half of its 2018 financial year.

Chief executive Paul McDonald said the contract award reflected Avon's further expansion into foreign military markets.

"This will strengthen our year end order book and gives us continued confidence heading into our 2018 financial year," he said.

At 11:21 BST, shares in Avon Rubber were up 3.19% to 1131p each, and then off earlier highs.