Either restaurants have started employing lots of clumsy waiters, or the hospitality sector is feeling particularly confident. Those are two possible conclusions from news that crockery manufacturer Churchill China (CHH) has beaten market guidance for 2015. Following strong second-half trading, management last week said it expects operating performance to be "well ahead of current market estimates" for the full financial year.
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Although Churchill did not give estimates, growth was apparently maintained at the level shown in the first half, when operating profit increased 12 per cent. Prior to the update, brokerage N+1 Singer was expecting EPS of 34.6p for 2015.
