Angling Direct results hook investor interest

The price of shares in AIM-listed specialist retailer Angling Direct (LON:ANG) rose by 14.29% to 56p (as of 13:50 BST) after the firm reported that revenues rose by 21% over the six months ended 31st July. Online sales grew by a notably solid 43% and there were also positive results from the company’s key European markets. Management believe that the business is well positioned to benefit from the summer holiday trends that we are currently seeing but expect trading to revert to more normal levels over the remainder of the year.