FY15 finals were published on April 28th so it is only 5 weeks since the new management team presented these to the investment community. Unsurprisingly, therefore, there is an absence of any new developments or surprises with today's AGM trading update which covers the period from January 1st to date. The update rather elaborates on some of the patterns observed at the underlying businesses in the 2016 Outlook statement contained within the FY15 results. We maintain our headline FY16 PBT* of
