BUSINESS communications service provider Daisy Group said yesterday that trading in the six months to 30 September is in line with expectations and it expects to comfortably meet its full year targets.
Daisy’s core retail business has had a number of contract wins, with both public and private sector customers taking up its broadband, hosting and business mobile services, the Aim-listed firm said in an update.
Daisy Group’s shares jumped 5.7 per cent on the news to close at 147p yesterday. The group will release its interim results on 3 December.
“In a sector where corporate activity is increasing Daisy looks attractive,” said William Shirley at Liberum Capital in a note to clients. “Historic acquisitions have been fully integrated onto a single platform (Daisy Central), Daisy’s scale in the SME market would be hard to replicate and its network independence would give synergies to a carrier.”