Strong trading in fuels sees NWF lift expectations further
NWF Group
149.00p
16:50 18/11/24
-0.89%
-1.33p
Fuel, food and feeds distributor NWF Group said in an update on Tuesday that it was still experiencing “exceptional” trading conditions in the fuels business.
FTSE AIM All-Share
727.55
16:50 18/11/24
n/a
n/a
Support Services
11,001.60
17:09 18/11/24
1.21%
131.84
The AIM-traded firm said the performance was the result of “very significant” short-term volatility in oil prices, as well as constrained supplies in the UK fuel market.
“As a result, performance during the final quarter of the year, to date, has been materially stronger than anticipated with the full year result now likely to be significantly ahead of the board's previously upgraded expectations,” the board said of the 12 months ended 31 May.
At 1431 BST, shares in NWF Group were up 7% at 214p.
Reporting by Josh White at Sharecast.com.