7:59 cut – UPGS, MGP

UPGS – FY Update

UPGS source, brand and distribute mostly small domestic appliances, audio products and housewares.

Today’s pre-close trading update gives revenue up 41% at £123.3, just over 1% ahead of consensus.

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7:59 cut – MGP

Medica (MGP) – H1 2019 Update

Medica Group provide outsourced radiology analysis services to the NHS. They are an intermediary in the move from hospitals directly employing radiologists to interpret scans to radiologists doing the work from home over the internet.

Their share price fell in mid June when Peel Hunt cut their target price from 143p to 126p, potentially creating concerns that estimates would not be met.

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