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IN BRIEF: Churchill China optimistic on efficiency, productivity focus

ALN

Churchill China PLC - Stoke-on-Trent, England-based ceramics manufacturer - Ahead of its annual general meeting on Friday, notes that hospitality sales are ‘broadly in line’ with expectations. Expresses confidence that its focus on productivity and efficiency will continue delivering benefits in factory performance and adds that the company is ‘well covered’ on energy usage for the year. Also says it welcomes the government’s £120 million support for the UK’s ceramics industry.

‘Although mindful of geopolitical uncertainties, including the conflict in the Middle East, we are proactively managing the factors within our control and remain confident in our long-term outlook,’ says Chair Robin Williams.

Current stock price: 336.00 pence, down 1.2% on Friday morning in London

12-month change: down 47%

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