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Low & Bonar results impress
Shares in Low & Bonar jump as much as 12 per cent to touch a four-month high yesterday, after the supplier of yarn, fabric, and fibre reported better-than-expected full year pre-tax profit, boosted by new product sales and a higher contribution from emerging markets. Revenues at the group rose 13 per cent year-on-year to £388.7m, while profits before tax jumped to £23.4m – 26 per cent higher than a year ago.