COMPANIES Premier Farnell pointed to a bounceback in trading as the the global distributor of electronic and industrial components returned to year-on-year sales and profits growth in its fourth quarter.
Shares in the company jumped by more than 10 per cent, or by 20.4p, to 220.7p on Thursday, valuing its equity at £735m, as annual profits came in at the top end of expectations and Premier Farnell said the sales recovery had been sustained during the first few weeks of its current financial year.
