STOCK WATCH

LED lighting business Luceco had investors beaming as it announced overseas trading was strong and its profitability was improving.

The company, whose lowpower lights has been installed in locations from York University to Kuwait’s international airport, said earnings had been improving relative to its debt in the first four months of the year.

The cost of its materials was also falling, helping to boost performance. Shares climbed 18.3pc, or 18.6p, to 120.4p.