Volex taps investors as momentum builds

Shares in Volex (VLX) surged in April, after the cable manufacturer boosted its full-year revenue and profit forecasts. Today’s results do not disappoint. Revenue is up 18 per cent year on year at $723mn (£566mn), fuelled by organic growth of 11 per cent. Meanwhile, statutory operating profit has jumped by 31 per cent to $53.8mn.