Shares in Computacenter (CCC) climbed nearly a tenth after the company said in a trading update that full-year revenues will be “comfortably in excess” of the expectations previously laid out in the half-year results, and confirmed by management as recently as the end of October. This is thanks to a strong start to trading in the fourth quarter, and improved earnings visibility for the rest of 2017.
With this anticipated performance in mind, the board still intends to return £100m to shareholders, in keeping with its previous plan. But, because of the expected increases in profits, bosses have decided to delay the launch of their tender offer from the end of this year to 23 January 2018. This is one day after the full-year trading update, when they will be able to confirm full details of performance for the past 12 months.
