Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
1. Cost control bolsters margin at Johnson Services
Johnson Service Group LON:JSG, the textiles supplier to industry, issued a full year trading update this morning. Modest revenue growth and tight cost control mean profit growth will be in line with expectations and margin improvement towards the 14% mark which was anticipated in FY26 will also be posted. Full results are due in early March.
2. Genus impresses with full year profit forecast upgraded
Animal genetics company Genus LON:GNS issued half year results today with the performance coming in ahead of expectations. Management are set to report adjusted profits of £50m, whilst the full year performance is now tipped to come in moderately above the top end market expectation of £85m.
3. With budget uncertainty in the past, can Gleeson build further growth?
Low cost housebuilder MJ Gleeson LON:GLE published a trading update, noting the market remained subdued but adding that completions were up 6% against the comparative, whilst reservation rates were also materially improved. Debt levels also grew moderately, but management are confident that falling interest rates and the fact the budget uncertainty is now behind us will bode well.
Comments (0)