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Coats ups dividend, flagging ‘positive momentum’

The FTSE 250 company’s organic sales are up one per cent against 2019
Coats ups dividend, flagging ‘positive momentum’
  • Net debt expanded but the group lent weight to its confident tone via a 0.61¢ dividend declaration
  • Inflationary pressures have led to price increases in the US

Industrial threads manufacturer Coats (COA) had already revealed in mid-July that performance this year would be moderately ahead of prior expectations. But that didn’t stop the shares from edging up 3 per cent as the FTSE 250 company published its results for the six months ending 30 June, citing “continued positive momentum” in spite of ongoing Covid-19 restrictions in some of its key markets.

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