The animal genetics company Genus issued another upbeat note to the market this morning, with a half year trading update including news of an upgrade to the full year profitability outlook, which is now expected to come in above the top end of market forecasts. A reminder of the company’s successful Joint Venture formation in China is also boding well for the business, with the Genus share price trading almost 10% higher shortly after the open.
A quiet morning so a dip into the small caps and the UK-Australian dual listed Wellnex life has seen some key buying interest in early trade. The company issued an update this morning advising that it had seen a significant turn around in performance. EBITDA was up, Q2 saw the company operating at breakeven and margins jumped above the 30% level. The note adds that as the company moves into 2026, it remains on course to deliver consistent performance with the goal of creating long-term shareholder value. The Wellnex share price was up 33% in early trade.
Away from the traditional corporate news agenda and lender Close Brothers had a good start to the week’s final session with a broker upgrade being reported. Analysts expect the company to achieve deeper cost cuts than it had previously stated, resulting in a significant uplift in target prices. The Close Brothers share price was up almost 8% by 8.30am.
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