Suddenly, things are going quite well. After years of downgrades and earnings warnings, this results season has a different feel about it. The mood has shifted towards positivity, after a few years in which the equity market has proved buoyant.
Last week, firms such as Paddy Power, Grafton and Total Produce all posted results that were almost universally accepted as positive. But while balance sheets may be looking healthier and earnings projections more promising, the...
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