MARKET TALK: Electrocomponents Update Strong - Shore

15th Jul 2010 07:54

0654 GMT [Dow Jones] Electrocomponents' (ECM.LN) update shows performance has strengthened since the last update in May, with revenue up 24%, says Shore Capital. Notes within this figure the UK grew by around 12% and says this is very encouraging. Adds electronics was the best-performing category. Shore anticipates further upgrades to consensus forecasts post this strong report. Has buy rating on the stock. Shares closed Wednesday at 237p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 15, 2010 02:54 ET (06:54 GMT)