Reach4Entertainment lifted as guidance improved

AIM-listed communications group Reach4Entertainment (LON:R4E) climbed 23.89% to 1.08p (as of 15:10 GMT) after it said revenues and EBITDA for 2019 were significantly ahead of market expectations.

CEO Mark Boyan said: “Our turnaround strategy continues to deliver growth and improved profitability, with the Group benefiting from broadening its services into new areas of live entertainment and being more operationally efficient. We are now well-placed to continue this momentum into 2020 as we continue to strengthen our market offering and build upon the strong pipeline of new clients and projects already secured“.