Franchise Brands expects annual earnings to be towards the top end of forecasts, but has delayed the release of its accounts due to auditing issues. Franchise Brands said that following the takeover and consequent increase in market capitalisation, it became an 'Other Entity of Public Interest' - a business of significant public interest to stakeholders. Listed on the AIM market, Franchise Brands controls over 625 franchisees across the UK, Europe and North America. Its B2B division comprises Metro Road, Metro Plumb, commercial kitchen services business Filta, and water pump installation provider Willow Pumps. Franchise Brands shares were 1.7 per cent up at 192.8p on early Monday afternoon and have risen by around a fifth so far this year.

Source: Daily Mail June 04, 2024 01:10 UTC